In the Tokyo stock market on the 26th, the Nikkei Average fell ¥503 from the previous weekend to ¥62,189.65, marking its third straight trading-day decline. While awareness of AI investment risks and higher oil prices weighed on the market, oil-related and domestic-demand stocks were bought.
The Nikkei Stock Average closed at ¥62,189.65 in the Tokyo stock market on the 26th, down ¥503.51 from the previous weekend. It fell for 3 straight trading days.
Investors focused on the risks of excessive investment in generative AI, prompting selling of AI-related and semiconductor stocks with a large impact on the Nikkei Average. The market was also weighed down by rising crude oil futures prices as uncertainty over the situation in Iran intensified.
Meanwhile, oil-related stocks, whose earnings were expected to benefit from higher oil prices, rose sharply, while domestic-demand stocks such as real estate and construction were also bought. More than half of TSE Prime Market stocks rose. TOPIX was up 7.17 points at 3,972.98.