The Nikkei 225 index fell by 0.5% today to 37,667.41 points, its eighth consecutive day of decline and the longest losing streak since October 2021. Technology-related stocks such as Renesas Electronics, Tokyo Electron, Lasertec, and Advantest led the decline in the Nikkei 225 index. Mamoru Shimode, Chief Strategist at Resona Asset Management, said that value stocks sensitive to the economy have risen because "funds are flowing globally from growth-related tech stocks to non-tech stocks." The banking sector is one of the sectors that rose against the trend. Market participants are waiting for the Bank of Japan's policy decision next week. Japan's inflation rate in July rose for the third consecutive month, opening the door to a possible interest rate hike.
日股八连跌，分析师：全球有资金从增长相关的科技股流向非科技股
Japanese stocks have fallen for eight consecutive days. Analysts say that funds have flowed from technology stocks related to growth to non-technology stocks around the world.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.