The Nikkei 225 extended its decline, with Kioxia down about 15%. Meanwhile, Tokyo Electron and other stocks rose on strong earnings, particularly among AI-related names.
In the stock market, the Nikkei 225 remained on a downward trend. With few stock-specific catalysts, overall downward pressure continued to weigh on the market.
Among semiconductor-related stocks, Kioxia Holdings fell about 15%, at times weakening investor sentiment. On the other hand, some AI-related stocks were bought following strong earnings.
Specifically, stocks including Tokyo Electron were reported to have risen on positive reactions to their earnings, increasing investor attention toward AI-related names.