Declines in AI-related stocks are weighing on the Nikkei 225. The index opened ¥81 lower and traded in negative territory during the morning session.
The Nikkei 225 briefly turned positive before falling back into negative territory, while the Tokyo Stock Price Index (TOPIX) also struggled to gain ground. Declines in AI-related stocks are weighing on the market.
At the open, the Nikkei 225 began the morning session at ¥64,539.36, down ¥81.88 from the previous day. With no clear catalyst, buying and selling intersected and the index traded near the previous day's close.
In the US market, semiconductor stocks reportedly rose on SpaceX earnings, but market participants in Japan are seeking to assess the direction of AI-related stocks in the Tokyo market.