The Nikkei Stock Average fell more than ¥1,500 at one point at the start of the week, dropping below ¥65,000. Selling in AI and semiconductor stocks following reports in the US market that Fed Chair Warsh had indicated the possibility of a rate hike spread to the Tokyo market.
In the Japanese stock market at the start of the week, the Nikkei Stock Average fell sharply at one point, with the decline exceeding ¥1,500 and sending the index below ¥65,000.
In the US market, selling in AI and semiconductor-related stocks spread to the Tokyo market amid reports that Fed Chair Warsh had indicated the possibility of a rate hike.
Against this backdrop, the Nikkei Stock Average was reportedly directionless throughout the day.