Tokyo stocks were slightly lower in the morning session on the 24th, as some AI- and semiconductor-related shares declined. The Nikkei average was slightly lower, closing the morning session at ¥65,968.71, down ¥47.65 from the previous day, while TOPIX edged up to 4,080.30.
At the morning close, the Nikkei average was down ¥47.65 from the previous day at ¥65,968.71, with some AI- and semiconductor-related stocks coming under selling pressure and the index remaining weak. TOPIX was up 13.01 points at 4,080.30. A total of 34% of stocks fell, while 63% rose. Trading volume was 920.43 million shares, with trading value at ¥3.6032 trillion.
As of 10:18 a.m., the Nikkei average was fluctuating around the previous Friday's close. Following the decline in the SOX index in the U.S. market, some AI- and semiconductor-related stocks were lower. Market participants said that rising interest rates made further gains difficult to pursue.
The Nikkei average opened down ¥37.41 from the previous business day at ¥65,978.95, but at one point narrowed its decline and turned positive.