The Nikkei fell for a second straight session at the opening of the morning session on the 9th, pressured by declines in US technology stocks. Selling spread mainly across AI-related and semiconductor stocks, sending the Nikkei down to the low ¥68,200s.
The Nikkei fell for a second straight session at the opening of the Tokyo market on the morning of the 9th, declining to around ¥800 below the previous day's level. Selling was concentrated in AI-related and semiconductor stocks, following pronounced declines in US technology stocks.
In the US market on the 8th, the Dow Jones Industrial Average closed slightly higher, up $51 from the previous day, while the Nasdaq Composite fell 1.25% and the SOX index fell 3.38%, with high-growth technology stocks weighing on the indices. The Financial Times reported that OpenAI's annualised revenue was about $20 billion below market expectations, providing a catalyst for selling in related stocks.
In Tokyo, declines were pronounced in Arm Holdings, which is owned by SBG, as well as Kioxia and Advantest, while Recruit and Sony Group were relatively firm. The SQ value was estimated at ¥68,465.23, with the official figure scheduled to be announced after the close. TOPIX moved little, providing only limited offset to the decline in the Nikkei.
The Nikkei opened lower for a second straight session and fell to the low ¥68,200s during the morning session. The Dow was slightly higher, while the Nasdaq and SOX declined, and the downward revision to OpenAI's revenue outlook weighed on technology stocks in Japan and overseas. Among domestic stocks, Fast Retailing, Fujikura and Terumo fell, as did Murata Manufacturing, Taiyo Yuden and ROHM, while Recruit and Sony Group traded relatively higher.
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