The Nikkei average fell by more than ¥1,400 at one point on the 19th as selling spread across AI and semiconductor stocks. It closed at ¥64,916, down ¥407 from the previous day, marking a sharp move for the start of the week.
The Nikkei average fell at the start of the week, led by selling in AI and semiconductor stocks, and closed at ¥64,916, down ¥407 from the previous day.
The Nikkei average fell from the opening of trading, with the decline exceeding ¥1,400 at one point.
Although there was some buyback activity on the 16th, selling continued on the 19th, and the index briefly fell into the ¥63,000 range during trading hours.
Market participants pointed to lingering concerns over massive investments in AI-related companies and also cited developments in the oil market as a source of uncertainty. Some see the focus ahead shifting to whether earnings at AI-related companies will justify their investments.