During European trading hours on Monday, futures for major US equity indexes showed declines, with Dow Jones futures down 0.12% trading near 52,840, S&P 500 futures falling 0.45% to around 7,580, and Nasdaq 100 futures dropping 1.30% to about 29,640, according to FX Street.

Despite the futures weakness, the S&P 500 index closed higher on Monday at 7,575, gaining 0.42% after a robust week. Both FX Street and Deutsche Bank attributed the weekly gains to stabilising semiconductor stocks and a rebound in the Philadelphia semiconductor index, which supported broader market sentiment.

For Japanese investors, the movement in US tech and semiconductor sectors remains closely watched, as these trends often influence Tokyo’s tech-heavy Nikkei 225 and related equities in the FX and crypto markets.