The Nikkei Average fell sharply in Tokyo trading on the 6th, closing at ¥57,434.77. It fell below ¥58,000, marking the third-largest decline on record and raising awareness that the market had entered a bear market.
The Nikkei Stock Average fell sharply in Tokyo trading on the 6th, closing at ¥57,434.77, down ¥3,643.13 from the previous day. It was the first close below ¥58,000 in approximately 7 months, and the index was briefly below ¥57,000 intraday. Following declines in US equities, selling spread across a broad range of stocks, particularly AI-related and semiconductor stocks.
The TOPIX closed at 3707.99 points, down 232.40 points from the previous day, falling below 3800 for the first time in approximately 5 and a half months, since 20 May. The JPX Prime 150 Index also closed down approximately 5%, supplementing the decline across the overall index.
Trading value on the TSE Prime market was approximately ¥12.4808 trillion, and trading volume was 4.30583 billion shares. There were 1,523 decliners and 21 advancers, with declines particularly pronounced as the global equity sell-off following the US tariff announcement spread to the market.
The Nikkei Average was down approximately 20% from its record high of ¥72,366 on 25 June, prompting talk of entry into a bear market as the ongoing market correction continued. The approximately 12% decline in the Nasdaq Composite from its October high also intensified selling pressure on the Nikkei.
Index-heavy constituents such as Advantest and SoftBank Group were at times down more than 15%, weighing heavily on the Nikkei Average.
Senior analyst Sawada Ryotaro (沢田 遼太郎) said, “Following the recent sharp decline, there is little appetite to buy on dips, and bearish sentiment is spreading about the outlook for the environment surrounding AI-related stocks.”