The Nikkei Stock Average fell more than 20% from its record high in June, technically entering a bear market. The sharp decline in AI and semiconductor stocks was reported to have triggered the move.
The Nikkei Stock Average was considered to have entered a bear market on Friday, indicating a declining phase based on technical indicators. The decline from its June high exceeded 20%.
A global sell-off in AI and semiconductor stocks was underway, and the view was reported that the sharp decline in these sectors had driven the broader market lower.