Tokyo stocks traded within negative territory, with the Nikkei 225 opening sharply lower in the afternoon session amid continued weakness in technology stocks. The morning session closed sharply lower, and selling of technology stocks remained prominent during the day.
The Nikkei 225 opened the afternoon session at ¥68,578.02, down ¥464.09 from the previous day. Technology-related stocks continued to decline from the morning session, and trading remained within negative territory.
At the morning session close, the Nikkei 225 had fallen for a second straight session, down ¥529.81 from the previous day at ¥68,512.30, while TOPIX was up 1.04 points at 4,092.50. 20% of stocks declined, 79% advanced, trading volume was 1,088.99 million shares, and trading value was ¥4.0647 trillion. By sector, nonferrous metals, banks, glass and ceramics products declined, while foods, marine transportation and services advanced.
(As of 10:15 a.m.) The Nikkei 225 extended its decline, at one point falling more than ¥800. Following reports that U.S. OpenAI's sales outlook was lower than expected, technology stocks fell, and related issues declined almost across the board in the Tokyo market. SoftBank Group fell more than 5%, weighing on the Nikkei 225 by approximately ¥250.
At the opening, the Nikkei 225 began a second straight session of decline at ¥68,648.50, down ¥393.61 from the previous day. Declines continued, particularly among issues related to U.S. technology stocks, amid the broader weakness in U.S. technology shares.