Japanese equities broadly weakened after semiconductor-related stocks were sold in the US market, with the Nikkei falling about ¥1,492 into the ¥63,000 range.
The Nikkei Stock Average fell sharply at one point, declining approximately ¥1,492 from the previous close into the ¥63,000 range. Selling led after the market opened. Sentiment across the Japanese market weakened, weighing on major stock indexes.
Weakness in US semiconductor stocks has been cited as a factor behind the decline in Japanese equities. A risk-off mood spread through overseas markets, particularly among semiconductor-related stocks, and may have spilled over into the Japanese market.