{"id":51364,"date":"2026-11-11T15:57:52","date_gmt":"2026-11-11T07:57:52","guid":{"rendered":"https:\/\/www.phillipnova.com.sg\/?post_type=market_trends&p=51364"},"modified":"2026-11-11T15:59:26","modified_gmt":"2026-11-11T07:59:26","slug":"japan-22-chips-or-rates-two-angles-on-the-post-sell-off-market","status":"publish","type":"market_trends","link":"https:\/\/www.phillipnova.com.sg\/cn\/market_trends\/japan-22-chips-or-rates-two-angles-on-the-post-sell-off-market\/","title":{"rendered":"Japan 2+2: Chips or rates? Two angles on the post-sell-off market"},"content":{"rendered":"\t\t
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Japanese equities have just had one of their most volatile weeks of the year. The Nikkei 225 fell 5.96% on 6 Nov to 57,434.77, more than 20% below its June record, after the US midterm results raised concerns that AI data-centre construction could face delays. The rebound came quickly. The index rose 2.33% on 9 Nov and more than 90% of TSE Prime stocks advanced, although some AI heavyweights lagged.<\/p>

At the same time, the Bank of Japan (BOJ) has said underlying inflation is now consistent with its 2% target. Governor Ueda’s comments have all but locked in a hike to 1.5% at the 17\u201318 December meeting. That leaves two key focus areas: monitoring the valuation pullback in AI or examining financial-sector sensitivity to rate hikes. Advantest and the Global X Japan Semiconductor ETF track the AI capex recovery. MUFG and the Global X Japan Bank High Dividend ETF provide exposure to the BOJ’s hiking cycle.<\/p>

In this edition:<\/p>