The Nikkei Average opened the afternoon session ¥612.59 lower from the previous session, with buying on dips in AI-related stocks narrowing the decline. Some stocks saw buybacks following the morning session’s renewed decline.
The Nikkei Average opened the afternoon session at ¥64,711.70, down ¥612.59 from the previous session, and buying in AI-related stocks narrowed the decline.
At the morning close, the Nikkei Average had fallen ¥790.26 to ¥64,534.03. Selling was predominant in semiconductor-related stocks, while buying on dips at times redirected funds to stocks outside the AI-related sector. Trading volume was 917.96 million shares and turnover was ¥3.2947 trillion.
The Nikkei Average briefly fell below ¥64,000 as of 10:00, but the market did not enter a broad-based decline and buying across stocks continued. Concerns about deteriorating finances at AI-related companies and slowing data-centre capital investment were cited as selling factors, while some mining and shipping stocks attracted buying.
The Nikkei Average opened down ¥504.73 from the previous session at ¥64,819.56, as selling initially focused on related stocks following declines in AI-related shares in the US market.