The Nikkei Average fell at midday. Selling in AI and semiconductor stocks intensified, with the index briefly trading below ¥64,000. Selling strengthened across a broad range of stocks against the backdrop of the decline in U.S. stocks at the end of the previous week.
The Nikkei Average in the morning session on the Tokyo Stock Exchange fell 1.21% from the previous day to ¥64,534.03, recording a decline of ¥790.26.
Risk aversion among investors strengthened against the backdrop of the decline in U.S. stocks, and selling spread, particularly in AI-related and semiconductor stocks.
The Nikkei Average briefly fell below ¥64,000 during trading, but recovered somewhat toward the end of the morning session.