Tokyo stocks fell for a second straight session, although selling in AI-related stocks eased at times. The Nikkei 225 closed at ¥62,693.16, down ¥214.68 from the previous day.
The Nikkei 225 closed at ¥62,693.16, down ¥214.68 from the previous day, extending its downward trend for a second straight session. Declines in AI-related stocks weighed on the market through the morning, but buying returned to AI-related and other stocks thereafter, narrowing the loss toward the close. The Tokyo Stock Price Index (TOPIX) fell 31.69 points to 3,965.81.
The dollar-yen exchange rate traded with the dollar attempting to recover toward ¥157, reaching ¥156.95–96 as of 5:00 p.m., with the dollar down 28 sen and the yen higher against the previous day. The euro fell against both the yen and the dollar, with the euro-yen exchange rate reaching its lowest level in about a year.
In the bond market, the newly issued 10-year Japanese government bond yield, a benchmark for long-term interest rates, fell 0.085 percentage points to 2.795%. Long-term government bond futures rose sharply for a second straight session, ending at ¥126.63. The uncollateralized overnight call rate in the short-term market stood at 1.227%.
In the commodities market, Tokyo crude oil futures rebounded sharply, led by the front-month contract, which settled at ¥98,020, up ¥930 from the previous day. Gold futures on the Osaka Exchange fell, with the front-month contract settling at ¥20,676, down ¥424 from the previous day.