The Nikkei average temporarily widened its decline to more than ¥800 from the previous day. Reports by a British newspaper that US-based OpenAI’s annualized revenue would fall significantly short of its previous forecast circulated in the market.
In the Tokyo market, the Nikkei average extended its decline, standing more than ¥800 below the previous day’s close as of 10:15 a.m. Selling was particularly heavy in tech stocks, which appears to have weighed on the market and accelerated its overall decline.
Reports from overseas about the outlook for the earnings of a US-based AI company heightened market caution and further increased investor trading activity. Information circulated that the move was influenced by a British newspaper report indicating that OpenAI’s annualized revenue would fall significantly short of its previous forecast.