There are doubts about the rise of artificial intelligence, and foreigners have sold Japanese stocks for the second consecutive week.

Data released on Thursday showed that as of June 6, foreign investors have been selling Japanese stocks for the second consecutive week. Prior to this, Broadcom's financial performance was below expectations, exacerbating concerns in the market that the tech stock rally may be losing steam. Investors have therefore chosen to take profits in high-valued tech stocks. In addition, strong US employment data may prompt the Federal Reserve to maintain a more hawkish stance for a longer period of time, and ongoing tensions in the Middle East are also putting pressure on market sentiment. According to data from the Japanese Ministry of Finance, foreign investors have net sold 701 billion yen of Japanese stocks this week, a significant increase from the net sales of 491.5 billion yen in the previous week. The Nikkei index has fallen by about 7.3% from the historical high of 68,786.49 points set last week. Despite the recent net selling, foreign investors have still injected around 10.63 trillion yen into the Japanese stock market so far this year, compared to only about 1.26 trillion yen bought during the same period last year.