The Nikkei continued to decline in the Tokyo stock market on the morning of the 23rd, briefly falling below ¥62,000. Selling spread across semiconductor stocks amid concerns over recouping US AI investment.
The Nikkei Stock Average continued to fall through the midday close on the TSE Prime Market on the morning of the 23rd, ending down ¥1,082.58 from the previous day at ¥61,825.26. The decline exceeded ¥1,400 at one point, and the index briefly fell below ¥62,000 during trading hours.
In US markets, the tech-heavy Nasdaq Composite fell 2.6% and the SOX index plunged 6.7%, affecting the domestic market as concerns grew over financial strain from massive AI investment.
In the domestic market, falling long-term interest rates and the yen's appreciation prompted renewed buying in real estate and other sectors, while selling broadly spread across semiconductor-related stocks. Following its decline through the 22nd, the Nikkei traded while looking for room to rebound.
By stock, Advantest, SoftBank Group and Tokyo Electron together pushed the Nikkei down by approximately ¥700. As of the midday close, trading value on the TSE Prime Market was approximately ¥4.4206 trillion, trading volume was 1.36307 billion shares, 1,050 issues had declined, 470 had risen and 32 were unchanged.