The Nikkei average fell back in morning trading on Monday in the Tokyo stock market, briefly dropping below ¥64,000. Declines in US technology stocks weighed on the market, triggering widespread selling, particularly in related shares.
In morning trading on Monday the 19th, the Nikkei average (225 stocks) fell back in the Tokyo stock market, with the decline temporarily exceeding ¥1,400 and the index falling below ¥64,000 for the first time in about a month. Declines in US technology stocks at the end of the previous week weighed on the market, and sell orders spread, particularly in related shares.
The morning close was ¥64,534.03, down ¥790.26 from the previous week's close. The Tokyo Stock Price Index (TOPIX) fell 15.66 points to 4,050.34.
Major technology stocks and others fell at the end of the previous week amid growing concern in US markets over rising debt associated with AI investment. In the Tokyo market, sell orders prevailed, particularly in related stocks whose valuations were high, pushing down the market as a whole.