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The story
In the early hours of November 6, reports flooded 5ch’s “Nandemo Jikkyo G” (Anything Live-Commentary board) that Nikkei futures had plunged into the 58,000 range, sparking a new thread. Behind the drop were news that the US was moving to curb AI development, along with steep declines in Korean and Taiwanese semiconductor stocks. In the thread, posters pointed out that the sell-off in chip-related stocks had spread to a wide range of other issues, while others speculated on the fate of individual stocks like Kioxia and SoftBank. Opinions were split over whether this was “a buying opportunity.”
What people said
If Trump's tariffs are easing up, isn't that supposed to be bullish?
Does this mean semiconductors are done for?
What's going on?
Somebody explain this to me
When everyone's optimistic, that's the signal to sell
It was way too cheap until now, and it kept getting held down because of Kioxia anyway
Hope this means memory prices finally come down
Thing is, if you don't enroll in a DC (defined-contribution pension) plan, you don't get a retirement payout
Lol, this is the one stock that has nothing to do with the semiconductor bubble
Automaker stocks are mooning for some reason though, so that's saving me
For automakers, they're probably just recovering the losses from Trump's tariffs
'Go for it, Nissan' (an ironic jab using Nissan's old ad slogan) 😡
This is a buying opportunity, go all in
Anything outside cutting-edge semiconductors might get dragged down short-term, but it'll probably bounce back via sector rotation
People can't just sit on cash forever, so the money's bound to flow back into investments
Is SoftBank about to get weaker?
Was there actually any bad news specific to semiconductors?
Or is it just the midterm elections?
If prices don't come down even after this, then it's truly over
Personally I was planning to buy if it dropped to around 5000 yen pre-split, so adjusted for the split I'd want it to hit something like 1700-2000 yen now
They're pulling in that much profit, so surely it won't fall all the way to 2000
Even if the US restricts AI, China's not going to stop developing it, and the US will probably respond in kind
How can they 'respond in kind' when they can't even get data center permits approved?
If they can't build, there's no competing to speak of
Background and Key Points of This Discussion
Nikkei futures trade even in the hours before the regular cash market opens, making them quick to reflect overseas factors. This time, the drop in semiconductor-related stocks spread to South Korea and Taiwan as well, and the thread saw a growing view that the “semiconductor bubble had burst.” At the same time, unrelated stocks like automakers and Kikkoman actually rose — a detail that’s easy to overlook, since the sell-off wasn’t across the board. Some posters floated political motives behind the US’s AI development restrictions as the cause, but these were all unsubstantiated personal speculation and have been excluded from this article. A sharp futures drop alone can’t determine how the real market will move the next day, and reactions in the thread were split between “buying opportunity” and “still dangerous.” It’s probably best read not as investment advice, but as a snapshot of retail investors’ mood in the immediate aftermath of the plunge.
*This article is excerpted and summarized from the 5ch (Nandemo Jikkyo G) thread “[Bad News] Nikkei Futures, 59000.”
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