In Tokyo trading at the start of the week, selling orders spread across many stocks, sending share prices lower as semiconductor stocks had fallen in the New York market at the end of the previous week.
Selling pressure spilled over into Tokyo trading as semiconductor-related share prices fell in the New York market at the end of last week. Investor sentiment deteriorated, and selling orders were seen across a broad range of stocks.
The Nikkei Average was down from the end of the previous week in morning trading, and bearish sentiment spread across the market. Declines were also pronounced in some individual stocks.
Trading appeared to move in line with developments in semiconductor-related stocks, and weakness intensified across many sectors. Prices may move in response to developments in the New York market and semiconductor-related news.