Tokyo stocks fell further as selling of semiconductor-related stocks continued. The Nikkei Average was pushed down to the low ¥63,000s and was sharply lower as of the morning close.
The Nikkei Average fell further to the low ¥63,000s. Selling dominated across the Prime Market, with continued selling of semiconductor-related stocks weighing on the market.
The Nikkei fell sharply at the start of the afternoon session. Asian markets outside Tokyo also generally declined, while U.S. stock futures weakened, tightening equity flows globally.
At the morning close, the Nikkei ended sharply lower than the previous day, and the TOPIX also fell. With few new buying catalysts, profit-taking in AI-related stocks weighed on the indices.
At 10:08 a.m., movements in AI-related stocks led the decline, and views were expressed that investors wanted to assess the impact of upcoming earnings announcements by U.S. hyperscalers.
The market opened lower than the previous trading day, and the Nikkei remained on course to move lower as buying and selling orders crossed.