The Nikkei Average fell for a second straight session, with AI-related stocks sold against a backdrop of rising US interest rates and declines in semiconductor stocks. It closed at ¥65,528.09, down ¥488.27 from the previous day.
The Nikkei Average remained range-bound during the morning session, but fell in the afternoon under the direction of futures, with heavy selling in AI- and semiconductor-related stocks. Rising long-term interest rates globally, including in Japan and the US, weighed on equity valuations.
Investor sentiment weakened amid turbulence in US semiconductor stocks and declines in South Korean equities, while aggressive buying was held back ahead of NVIDIA's earnings announcement this week.
Among individual stocks, Kioxia, Advantest, Ibiden, Fujikura and SoftBank Group declined, while Tokyo Electron and others saw periods of buying.
The stocks with the largest positive and negative contributions to the Nikkei Average were shown. Overall, stocks that declined weighed relatively heavily on the index.
Trading took place on the Tokyo Stock Exchange's Prime Market. Trading volume was estimated at approximately 1.88 billion shares, with trading value estimated at approximately ¥7.0636 trillion.