At the open, the Nikkei Average started down 0.38% from the previous day at ¥66,667.05. Selling in AI and semiconductor stocks led the market lower, pushing the index below ¥62,000.
The Nikkei Average opened lower in Tokyo on 23 October, at ¥66,667.05, down 0.38% from the previous day. Selling in AI and semiconductor-related stocks weighed on the market.
The sharp fall in the Philadelphia Semiconductor Index, SOX, also affected the opening of major stocks. Advantest, Tokyo Electron and SoftBank Group, among others, opened with sell orders predominating.
Meanwhile, Toyota was relatively firm, while Sony Group, NTT and Tokyu Marine Holdings at times updated their year-to-date highs. First Retailing also attracted buying, with parts of the market showing resilience.
The market as a whole came under increasing pressure to fall below ¥62,000. Technology-related stocks stood out on the downside, while individual stocks showed varied performance.