EWJ is trading 3% down today, mirroring a broad risk-off tone across global equities and futures markets.
- Asian markets retreated overnight as chipmakers and AI-related semiconductor stocks faced a significant sell-off.
- Escalating Middle East tensions have pushed oil prices sharply higher, dampening risk appetite and weighing on export-focused markets like Japan.
- The pre-market decline reflects a wider shift in investor sentiment away from risk assets amid geopolitical and sector-specific pressures.