The Nikkei Average stood at 64,433.96 at the start of the afternoon session, down ¥482.74 from the previous day, as selling continued, particularly in AI-related stocks.
In the Tokyo stock market, the Nikkei Average was down ¥482.74 from the previous day at the start of the afternoon session, opening at 64,433.96. Selling intensified slightly from the morning session close, but buying back in the futures market was also seen, and the market at times recovered from its sharp decline.
Selling spread to AI-related stocks against the backdrop of developments in the US market, with declines particularly pronounced among stocks including SoftBank Group. Meanwhile, some stocks, including ADVANTEST, Lasertec and Fast Retailing, advanced.
By sector, nonferrous metals, banks and marine transportation were among the top decliners, while steel, other products and precision instruments were among the leading advancers.
Trading value on the TSE Prime Market in the morning session exceeded approximately ¥3 trillion. Ahead of developments in Japanese and US interest rates and upcoming domestic corporate earnings announcements, investors maintained their focus on assessing earnings results and the profitability of AI-related investment.