Nikkei Slides 1.9% as Chip Stocks Buckle on Hot US Inflation; Short-Sell Ratio Hits Top of Range

The Nikkei 225 fell 1.93% to 64,011 on major SQ day as semiconductor names bore the brunt of a hot US PPI print and rising global yields. The TSE short-selling ratio climbed to 44.9%, the top of its recent range, while financials and autos quietly advanced.

Nikkei Fades an Early Rebound as Yen Firms and Oil Nears $100 — SoftBank Bucks the Slide

The Nikkei 225 gave back a morning rally above 65,600 to close down 0.19% at 65,142.78 on Wednesday, as a firmer yen and Brent crude approaching $100 revived stagflation worries. Energy and steel led; retail and banks lagged. The TSE short-selling ratio stayed elevated at 44.2%.