The Nikkei Stock Average extended its decline in the Tokyo stock market on the morning of the 29th, closing the morning session down ¥570.62 at ¥65,307.00. AI and semiconductor-related stocks were sold against a backdrop of higher US long-term interest rates and weaker US stocks, while the ex-dividend date for companies with March and September year-ends also weighed on the market.
The Nikkei Stock Average extended its decline at the morning close in the Tokyo stock market on the 29th, falling ¥570.62 from the previous day to ¥65,307.00. The decline exceeded ¥800 at one point, with selling leading the market against a backdrop of weakness in US semiconductor stocks.
High-priced stocks such as Advantest and SoftBank Group, along with other AI and semiconductor-related stocks, were sold, weighing on the Nikkei. Cashing-out sales related to the ex-dividend date for companies with March and September year-ends also weighed on the market.
Market participants are closely watching the morning session, and the focus going forward is expected to be the direction of US markets and market movements after the ex-dividend date.