The Nikkei 225 fell for a second straight session at the close on the 23rd, with TDK and Nitto Denko the top two downward contributors, pulling it down by approximately ¥78 and ¥23, respectively. Caution toward AI-related stocks, following developments in the US market, prompted selling across the broader market.
The Nikkei 225 closed at ¥62,693.16 at the close on the 23rd, down ¥214.68 from the previous day. Trading volume on the TSE Prime Market was 2.88432 billion shares, while trading value was ¥8.9383 trillion. Declining stocks outnumbered advancing stocks, and the market was broadly lower.
TDK was the top downward contributor, pulling the Nikkei 225 down by approximately ¥78. Nitto Denko ranked second, followed by SoftBank Group, Konami Group, KDDI, Kyocera and Disco. The large number of declining stocks weighed on the market.
Fast Retailing was the top upward contributor, pushing the Nikkei 225 up by approximately ¥95. Chugai Pharmaceutical ranked second, followed by Kioxia Holdings, Lasertec, Sony Group, Mercari and Ryohin Keikaku.
Developments in US equities, funding concerns surrounding AI-related stocks and the impact of crude oil prices weighed on market sentiment, with notable declines centered on financial and shipping stocks.