The Nikkei Average fell at midday on the 19th, trading at ¥64,534.03, down more than ¥790 from the previous day. Kioxia and Ibiden were weak, while the U.S. SOX fell nearly 4% on concerns about excessive AI investment. Oil stocks including INPEX rose, and WTI reached a one-month high amid caution over the situation in the Middle East.
The Nikkei Average fell at midday on the 19th, ending the morning session at ¥64,534.03, down ¥790.26 from the previous day. On the TSE Prime Market, 656 stocks rose, while the number of decliners was high and the market-wide downturn continued.
Kioxia and Ibiden traded weakly, while concerns about excessive investment in AI-related businesses were seen as affecting sentiment across the market.
In U.S. markets, the SOX Index at one point fell nearly 4% against the backdrop of a correction in AI-related stocks, which was said to have potentially affected the Japanese market.
Oil stocks, including INPEX, generally moved higher, while WTI crude reached a one-month high amid persistent caution over the situation in the Middle East.