AI-related stocks in broad-based sell-off as U.S.-led selling is compounded by South Korea's plunge, sending the Nikkei Average down more than ¥3,000 (Wealth Advisor)

The story

AI-related stocks fell broadly across the Tokyo market, with declines in U.S. technology stocks and the South Korean market accelerating selling. The S&P-linked SOX Index fell more than 4%, while the Nasdaq Composite remained down approximately 1.9%.

In South Korea, the KOSPI recorded a sharp decline in morning trading and was reported at 5,541.18, down approximately 7.8% from the previous day. Selling also spread to related stocks in the Japanese market.

Disco and Tokyo Electron, both AI-related stocks believed to have led the decline in the Nikkei Average, opened under selling pressure. As of 10:56 a.m., Tokyo Electron was down approximately 6.5% and Disco approximately 7.3%.

Most of the stocks among the top decliners on the TSE Prime Market at around 10:45 a.m., excluding IDOM, were AI-related stocks. As of 10:48 a.m., the Nikkei Average had fallen to ¥64,593, down ¥3,151, or 4.7%, from the previous day.

At a glance

MarketThe decline in U.S. AI-related stocks and the fall in the South Korean market accelerated the decline in Japanese stocks

Nikkei levelAs of 10:48 a.m., the index had fallen to ¥64,593, down ¥3,151 from the previous day

South Korean MarketAs of 10:48 a.m., the KOSPI had fallen to 5,541.18, down approximately 7.8% from the previous day. There were also periods when a sell-side circuit breaker, including a temporary halt in trading, was triggered

Major stock movementsAI-related stocks including Ibiden, Advantest, Lasertec and SUMCO fell more than 10%. Tokyo Electron and Disco also remained under selling pressure

Reference information. Every claim resolves to something the story actually named.