The Nikkei Average fell, led by AI-related stocks, closing at ¥62,907. It continued to decline from shortly after the market opened, at one point falling by more than ¥1,700. Reported PHP vulnerabilities and concerns over investment in AI have been cited as factors.
The Nikkei Average fell shortly after the market opened and continued to extend its losses, at one point declining by more than ¥1,700. It closed at ¥62,907, down ¥1,713 from the previous day.
The closing price fell below ¥63,000 for the first time in approximately two and a half months, reaching a level not seen since 30 July.
As major companies continue to announce their earnings, concerns over massive investment in AI are affecting investor sentiment.
Market participants believe that growing concerns over tighter regulation of AI, following the spread of reports pointing to PHP vulnerabilities, led to broader selling centered on AI-related stocks.