Tokyo Stocks: Gains Narrow as High-Priced AI Stocks Weaken (mid-morning session on 17th) (Jiji Press)

The story

The Nikkei Stock Average opened in Tokyo at ¥64,643.58, up ¥720.58 from the previous day. High-priced AI-related stocks and semiconductor-related stocks weakened, at times capping the market's gains.

Concerns over a slowdown in AI development weighed on the market, while 80% of Prime Market stocks advanced. The post-FOMC rate hike decision was reported to have been in line with expectations, prompting some to suggest that buying was leading the market.

The yen moved weaker against the dollar, and buying continued across a broad range of stocks after the opening.

At a glance

DateAs of the opening around 10:14 a.m. on 17 September

IndicatorThe Nikkei Stock Average opened at ¥64,643.58, up ¥720.58 from the previous day

CauseGains narrowed as high-priced AI and semiconductor-related stocks weakened

FOMCThe rate hike decision following the FOMC, reported through 16 September, was said to be in line with expectations

Market trends80% of Prime Market stocks are advancing

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.