The Nikkei 225 plunged after leaders of major AI companies called for the pace of development to be slowed. TOPIX, meanwhile, edged higher.
Japan’s Nikkei 225 fell 1.61% from the previous day to close at 62,979.17. Declines were particularly pronounced among the technology stocks covered, while TOPIX rose 0.40% to 4,044.29.
OpenAI CEO Sam Altman was reportedly said to have denied plans for a 2026 IPO, amid rapidly evolving AI technology and its potential risks. On Saturday, Anthropic CEO Dario Amodei called on AI companies to pursue development cautiously.
Ahead of central bank meetings this week, expectations are growing that the U.S. Federal Reserve and the Bank of Japan may raise interest rates. Uncertainty surrounding the situation in the Middle East is also affecting sentiment.
Among Nikkei 225 constituents, SoftBank Group was the top decliner, falling 11.73%, followed by Resonac Holdings, down 8.95%, and Taiyo Yuden, down 7.85%. Among gainers, NEC rose 6.26%, Nomura Research Institute gained 6.08%, and Recruit Holdings increased 5.87%.