The Nikkei 225 fell below ¥65,000 in mid-morning trading as a sharp rise in the yield on CoreWeave's U.S. corporate bonds and a decline in the SOX index prompted selling in semiconductor-related stocks.
The Nikkei 225 fell below ¥65,000 in mid-morning trading, dropping below that level for the first time in two weeks.
Selling pressure on semiconductor-related stocks intensified after the yield on bonds issued by CoreWeave, an AI data-center operator in the U.S. market, surged and the company's shares plunged.
The more than 4% decline in the SOX index was cited as a factor pushing down the Nikkei 225, with related stocks affecting the broader market.
At the open, the Nikkei 225 started down ¥863.92 from the previous day's close at ¥66,880.37. Advantest, SoftBank Group and Tokyo Electron were the 3 stocks that drove the Nikkei down by approximately ¥1,800.