In the Tokyo stock market on the 22nd, the Nikkei Average fell for the first time in 2 days, closing at ¥62,907.84, down ¥1,713.40 from the previous day. Declines in AI-related and semiconductor stocks supported the market.
The Nikkei Average fell sharply in the Tokyo market on the 22nd, closing at ¥62,907.84, down ¥1,713.40 from the previous day. The index fell for the first time in 2 days, reaching its lowest level since 30 July.
Concern about excessive investment in AI increased, prompting selling in AI-related and semiconductor-related stocks, which have a large impact on the Nikkei Average. Korean and Taiwanese stocks also declined in Asian markets, worsening investor sentiment.
Investors refrained from aggressive buying as they sought to assess earnings outlooks ahead of the expected acceleration in the release of first-half results for 2022 from the end of this month.
The Tokyo Stock Price Index (TOPIX) fell 46.23 points to 3,997.50.