The Nikkei average was down around ¥940 during the morning session on the 14th, trading around ¥63,070. It fell to ¥62,726.18 during the 9 a.m. hour, briefly dropping below ¥63,000.
During the morning session on the 14th, the Nikkei average was trading around ¥63,070, down approximately ¥940 from the previous Friday. At 9:28 a.m., it fell to ¥62,726.18, dropping below ¥63,000 during trading hours for the first time in over a month.
Selling initially led the market in AI and data center-related stocks amid developments calling for a slowdown in the pace of AI development, but the decline later moderated as investors bought on dips. The Nikkei also rebounded at one point for the first time in 5 sessions, following a decline in crude oil futures in the US market the previous day.
By sector, 9 of the 33 sectors declined, while 24 rose. Nonferrous metal stocks, some information and communications stocks, glass and ceramics stocks, metal products stocks, chemicals stocks and precision instrument stocks were weak, while services and railway and land transportation stocks were relatively firm.
In the Tokyo foreign exchange market, as of 10:11 a.m., the dollar was trading in the upper ¥153 range and the euro in the lower ¥178 range.