Tokyo stocks narrowed their losses in mid-morning trading on the 1st. Selling in AI- and semiconductor-related stocks left the Nikkei Stock Average at ¥65,885.47 at the open, down ¥426.46 from the previous day's close. However, half of the stocks in the Prime Market are higher, leading some to view the market as firm overall.
The Nikkei Stock Average opened down ¥426.46 from the previous day's close and has been trading while narrowing its losses. Selling in AI- and semiconductor-related stocks has been a factor weighing on the index.
Market participants say that half of the stocks across the Prime Market are higher, suggesting that the market is firm overall.
At the open, the Nikkei Stock Average stood at ¥65,885.47, starting lower than the previous day's close. Movements in AI and semiconductor stocks continue to influence the market.
Further reports and developments in individual stocks will need to be monitored for additional details and the outlook ahead.