The Nikkei 225 continued to post a sharp decline from the previous day, with selling of AI-related stocks continuing and the index trading near its lows. The morning session ended with a sharp decline, drawing attention to trading at the afternoon open.
On 30 October, the Nikkei 225 began the afternoon session at ¥63,173.68, down ¥1,485.79 from the previous day. AI-related stocks were sold, and the broader market continued to trade near its lows.
At the morning close, the Nikkei 225 stood at ¥63,019.78, down ¥1,639.69 from the previous day, while the TOPIX was down 52.05 points at 3,951.23. Trading volume was 1,049.26 million shares, and trading value was ¥3.9088 trillion. By sector, nonferrous metals, electrical equipment, glass and ceramics products, and machinery declined, while marine transportation and retail rose. The Standard Market posted a modest rebound, while the Growth Market continued to decline.
At 10:17 a.m., the Nikkei 225's decline temporarily exceeded ¥1,800, and the index briefly fell below ¥63,000. AI-related stocks including Advantest, Tokyo Electron and SoftBank Group continued to weigh on the market, as concerns over the profitability of AI-related investment in the US market spread. Some market participants also took the view that the impact of Alphabet's earnings had already been priced in to some extent in trading on the 29th.
The Nikkei 225 opened the morning session at ¥64,344.37, down ¥315.10 from the previous day, with selling concentrated in technology stocks following developments in the US market.