Following developments in the US market, semiconductor-related stocks came under heavy selling in the Tokyo stock market on the 13th, and the Nikkei Average briefly fell more than ¥1,900.
In the Tokyo Stock Exchange market on the 13th, the Nikkei Average fell sharply from the previous weekend, at one point recording a decline of more than ¥1,900. The morning session ended down ¥1,738.53 at ¥67,292.39, with selling spreading mainly across semiconductor-related stocks. Investors became more risk-averse following developments in the US market the previous day, intensifying overall downward pressure on Tokyo stocks.
In the US market, reports emerged that a Chinese company had announced the start of production of next-generation memory chips, raising concerns about supply and demand for semiconductor stocks. Japanese semiconductor-related stocks were sold in response, weighing heavily on the Nikkei Average. KIOXIA Holdings plunged, while related stocks including Tokyo Electron and Advantest also declined. Funds continued to be less inclined to rotate into the semiconductor sector.