The Tokyo market suffered a sharp decline after six days, weighed down by profit-taking in AI and semiconductor-related stocks, with the Nikkei Average closing about 1,759 points lower.
Selling spread mainly among AI and semiconductor-related stocks, while the broader market showed little reaction to higher U.S. stocks or currency movements. Selling prevailed amid a reluctance to buy, compounded by the influence of overseas markets.
The Nikkei Average fell to 67,460.73, down about 1,759.52 points from the previous day. During the session, it recorded a decline of 2.54%.
Profit-taking in AI and semiconductor-related stocks weighed on the broader market, resulting in a sharp decline after six days, according to reports. Market attention remains focused on the performance of AI-related stocks and the semiconductor sector.
The day's news was reported as market news by the market news site 株探, with the key points organized around movements across the broader market.