The Nikkei average was down more than ¥1,000 at one point as of 9:20 a.m. on the 6th. AI and semiconductor-related stocks were sold, while retail and other stocks rose as crude oil futures fell against the backdrop of tensions in the Middle East.
The Nikkei average extended its losses after trading began on the 6th, falling more than ¥1,000 at one point as of 9:20 a.m. In U.S. trading the previous day, the Dow average hit a new record high while the Nasdaq fell. AI and semiconductor-related stocks were also sold in the Tokyo market.
As crude oil futures prices continued to fall, tensions in the Middle East at times heightened risk aversion in the market. Meanwhile, retail and other stocks were bought at times on the effects of lower oil prices.
Following the day's market movements, selling led the way, particularly among technology-related stocks, while domestic-demand-oriented sectors such as retail showed relative strength at times.