At the afternoon opening on the 7th, the Nikkei average began with a narrower decline from the previous day as dip buying emerged in AI- and semiconductor-related stocks. The decline had narrowed from the morning-session close.
In the Tokyo stock market on the afternoon of the 7th, the Nikkei Stock Average opened the afternoon session at ¥70,243.38, down ¥440.60 from the previous day. It subsequently narrowed its decline further, with the market showing signs of recovery from the morning-session level.
At the morning close, the Nikkei average was ¥70,074.13, down ¥609.85 from the previous day, while the TOPIX had fallen 24.67 points to 4,158.89. After selling in AI- and semiconductor-related stocks subsided, the decline showed signs of narrowing.
Market participants said movements in AI- and semiconductor-related stocks, which have a large contribution to the Nikkei average, could still determine the direction of the broader market. The Standard Market continued to trend lower, while the Growth Market also remained in a phase of falling back.
Trading volume was reported at 1.0178 billion shares and trading value at ¥3.8819 trillion. By sector, nonferrous metals, banks, and iron and steel declined, while rubber products, electric power and gas, and real estate showed firmness.