The Nikkei Average fell ¥512 on the morning of the 14th in the Tokyo stock market, with the closing level at ¥63,498.61. SoftBank Group briefly fell 13%, spreading declines among AI-related stocks.
The Nikkei Stock Average was down ¥512 from the previous Friday at ¥63,498.61 in morning trading on the 14th. AI-related stocks fell broadly after the head of US-based OpenAI indicated that the company would defer its listing until after 2026.
The Nikkei Average at one point extended its decline from the opening, as investors increasingly sought to assess the outlook for AI-related stocks. The stock market faced a triple whammy, with expectations of US interest-rate hikes coinciding with caution over the situation in the Middle East.
SoftBank Group briefly fell 13% amid turmoil in AI-related stocks. Market participants remained cautious about the future course of AI stocks, and risk aversion strengthened across the market.