Tokyo stocks closed the morning at ¥64,512.35. Semiconductor stocks were sold, the impact of higher oil prices was reported, and concerns over the worsening financial condition of US startup CoreWeave are broadening doubts about the profitability of AI-related businesses.
The TOPIX fell in morning trading, while selling spread across the Tokyo market, centered on semiconductor stocks. The morning closing level was ¥64,512.35, down ¥404.35 from the previous day.
Reports that morning said concerns over the worsening financial condition of US startup CoreWeave were broadening doubts about the profitability of AI-related businesses. As a result, declines continued in related stocks, including semiconductor stocks.
Some reports also pointed to the impact of higher oil prices as a burden on the market, with downward pressure visible in some sectors, including resource-related stocks.
Attention is also focused on movements in foreign exchange rates and other economic indicators as related news, and sector-by-sector performance may change depending on future market trends.