The Nikkei average extended its decline in the morning session, weighed down by concerns over U.S. AI and higher oil prices, but losses eased after selling subsided.
In morning trading, the Nikkei average was down 0.8% from the previous day, trading ¥512.73 lower at ¥63,498.61.
Concerns over a slowdown in the pace of AI development in the U.S. and higher oil prices weighed on the market. After selling subsided, the index narrowed its losses while remaining on a downward trend.