Nikkei Average briefly down more than 3% as technology stocks plunge; Kioxia Holdings down more than 13%

The story

In Tokyo trading on the 4th, the Nikkei 225 fell more than 3% and is trading in the ¥61,000 range. Some observers believe that movements in stocks with high exposure to AI-related factors drove the market's decline.

Sharp declines were seen across stocks, particularly technology stocks, intensifying downward pressure on the broader market.

Among individual stocks, Kioxia Holdings fell more than 13%, and selling was reported across sectors.

At a glance

Market TrendsThe Nikkei 225 is trading down more than 3%

Trading RangeIt is currently trading in the ¥61,000 range

Stock movementsTechnology stocks are falling sharply

Major stocksKioxia Holdings is down more than 13%

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