The Nikkei Average fell to ¥1,738 below the previous close in the morning session, extending its sharp decline for a 4th straight session. With AI and semiconductor-related stocks weak, many Prime-listed issues advanced.
The Nikkei Average in the morning session stood at ¥67,292.39, down ¥1,738.53 from the previous Friday, while the TOPIX also declined. Against a backdrop of heightened geopolitical risks in the Middle East, the market weakened, led by AI and semiconductor-related stocks, and was also affected by movements in overseas markets.
Trading volume on the TSE Prime Market was approximately 1,090.35 million shares, and trading value was approximately ¥4.0156 trillion. While advancers approached approximately 70% of all issues, only 457 issues declined.
By sector, 8 of the 33 sectors declined and 25 advanced. Nonferrous metals and electrical equipment stocks were weak, while marine transportation, securities and commodity futures, and insurance stocks were firm.
Among individual stocks, Mitsui Kinzoku, Fujikura, Kioxia, Tokyo Electron, and SUMCO were weak, while Toho Holdings, Luckland, and Furuno Electric were relatively firm. Reports emerged that NTT is proceeding with plans for a data center in Osaka Prefecture for Anthropic in the US.
The yen was trading at around ¥160 to the dollar and moved in the direction of a stronger yen from morning-session levels. Ongoing reporting on the meeting and corporate developments will depend on further updates.