The Nikkei Average fell sharply, closing down ¥3,318 in its sixth consecutive decline. Losses widened during the day, with the drop exceeding ¥3,600 at one point.
The Nikkei Average fell by more than ¥3,300 today in a sharp decline. It closed down ¥3,318, marking its sixth consecutive session of losses.
Losses widened further during the day, with the decline exceeding ¥3,600 at one point in the afternoon, but some buying back emerged afterward and the index ultimately remained near the morning session’s level.
AI- and semiconductor-related stocks stood out among the decliners and were reported to have weighed on the broader market.
The market backdrop was described as caution over rising interest rates in the United States weighing on investor sentiment.