The Nikkei Stock Average fell by more than ¥1,200 at one point in Tokyo trading on Monday. Profit-taking spread, particularly among AI- and semiconductor-related stocks.
In Tokyo trading on Monday, the Nikkei Stock Average fell by more than ¥1,200 at one point. Reports that the US AI company OpenAI had decided not to pursue a listing this year appear to have prompted profit-taking, particularly in AI- and semiconductor-related stocks.
The market decline was concentrated in AI- and semiconductor-related stocks, which contributed to the broader market downturn. While selling spread across individual stocks, some market participants viewed the impact on other sectors as limited.
Following the market's moves, investor attention focused on the share prices of AI- and semiconductor-related stocks. Some market participants also said that conditions could change depending on future disclosures and the market's response.
The day's sharp decline was reportedly driven largely by the market's reaction to developments concerning the AI sector. Future news, earnings information and other additional factors are expected to influence the performance of related stocks.