The Tokyo stock market fell for a second straight session at the start of the week. Reports that US artificial intelligence (AI) developer OpenAI has postponed its IPO beyond this year, along with concerns over a slowdown in AI investment, broadened selling and pushed the market lower. The Nikkei's closing level was sharply lower than the previous Friday's, while the TOPIX edged higher and trading volume was approximately 1.9748 billion shares.
At the start of the week, the Tokyo stock market fell for a second straight session, with selling spreading mainly among AI-related stocks. Reports that US OpenAI had postponed its IPO beyond this year and concerns over a slowdown in AI investment weighed on the market, reinforcing the view that investors had adopted a cautious stance. There were also periods of active trading in individual stocks.
The Nikkei average closed at ¥603,492.99, down ¥518.35 from the previous Friday, marking a substantial decline. Meanwhile, the Tokyo Stock Price Index (TOPIX) was up 29.91 points at 4,058.21, and trading volume was approximately 1.9748 billion shares, indicating active trading. Market participants said developments in AI-related investments and fluctuations in demand had affected the market's overall direction.
The report identified OpenAI's IPO delay and concerns over a slowdown in AI investment as key areas of market interest, and investors are watching for further developments. Rather than focusing on the performance of specific stocks, investors appeared to be monitoring broader AI-related trends and the response of policymakers and markets.