Around midmorning on 30 October, the Nikkei 225 extended its decline in the Tokyo stock market, at one point falling more than ¥1,700 from the previous day to below ¥63,000. Reports said selling intensified in AI-related and semiconductor-related stocks against the backdrop of lower US stocks.
Around midmorning on 30 October, the Nikkei 225 in the TSE Prime Market was down approximately ¥1,700 from the previous day, at one point falling below ¥63,000. Nikkei QUICK News reported notable selling in AI- and semiconductor-related stocks, including Advantest and Tokyo Electron. Intel's decline in after-hours trading weighed on the market, and Ibiden, which does business with Intel, was sold down to near the lower limit of its daily price range.
Moves by major US companies also affected the market. Amazon.com earnings prompted speculation that investment in AI-related areas would worsen free cash flow, and concerns about excessive investment in AI resurfaced in the domestic market, according to some market participants. The decline in South Korean stocks on 30 October also weighed on the Nikkei 225.
As of 10:00 a.m., trading value on the TSE Prime Market was approximately ¥2.3406 trillion, while trading volume had reached 644.44 million shares. SoftBank Group (SBG), TDK and Kioxia declined, while Fast Retailing and Konami Group traded higher. The report provides a concise update on the morning session based on a breaking-news report from Nikkei QUICK News.