Tokyo stocks fell for the first time in 4 sessions as concerns over AI resurfaced. The Nikkei Average closed down more than ¥1,369, while TOPIX also fell sharply.
The Nikkei Stock Average fell for the first time in 4 sessions, ending at 63,290.11, down ¥1,369.36 from the previous day. The Tokyo Stock Price Index, or TOPIX, fell 38.21 points to 3,965.07.
Concerns over the profitability and financial position of the AI industry resurfaced following earnings reports from US technology companies. Heavy selling of semiconductor-related shares widened the Nikkei’s decline.
Trading volume was 2.49911 billion shares, and trading value was ¥8.4659 trillion.
The dollar fell to the mid-¥157 range against the yen amid declines in Japanese and US stocks. Bond futures surged, the long-term interest rate was 2.770%, and the Tokyo crude oil benchmark-month settlement price rose above ¥100,000. Gold futures on the Osaka Exchange also fell sharply.