The Nikkei average closed at ¥64,425.95 in the day’s trading, down ¥3,318.34 from the previous day, making it the third-largest decline on record. It was a sharp drop amid a 6-session losing streak.
The Nikkei average closed at ¥64,425.95 in Tokyo, down ¥3,318.34 from the previous day. The decline was reported to be the third-largest on record.
Concerns about AI investment prompted a sharp drop in related stocks, and the Nikkei average fell for the 6th consecutive session. Some views put its decline at more than 5% at one point.
Commentators said stock-price movements could have an indirect impact through households, pension assets and investment trusts.