Nikkei 225 dipped modestly on Tuesday as traders paused after an eight-day
rally. Persistent buying in AI and semiconductor stocks drove the recent surge,
pushing the index to fresh records — it first cleared 71,000 two sessions
earlier and breached 72,000 on Monday. The 14-day RSI reached 73 and eased to
70.7 on Tuesday, a level typically read as overbought and prone to a pullback.
Mitsui Sumitomo DS Asset Management chief market strategist Masahiro Ichikawa
said mild profit-taking was evident and selling pressure appeared to be building
after the extended gains.
