In the Tokyo stock market on the morning of the 30th, the Nikkei Average reversed lower, falling sharply by more than ¥1,900 at one point. Selling spread mainly across AI-related stocks, while investors adopted a stronger wait-and-see stance ahead of interim earnings announcements.
In the Tokyo stock market on the morning of the 30th, the Nikkei Average reversed lower, recording a decline of more than ¥1,900 at one point. Investor sentiment deteriorated amid declines in U.S. technology stocks, and sell orders spread mainly across AI-related stocks.
The morning close was ¥63,019.78, down ¥1,639.69 from the previous close, while the Tokyo Stock Price Index (TOPIX) fell 52.05 points to 3,951.23.
In the previous day's U.S. market, technology stocks declined notably, partly because the earnings of Alphabet, Google's holding company, fell short of market expectations.
As companies' interim earnings announcements gather pace, investors are taking a stronger wait-and-see stance as they seek to assess the results.