The Nikkei Stock Average opened at ¥64,819.56, down ¥504.73, with stocks including major constituents Kioxia HD and Mitsubishi UFJ Financial Group falling. Selling prevailed from the opening amid the influence of US market trends and moves in AI-related stocks.
The Nikkei Stock Average started the week down ¥504.73 from the previous business day at ¥64,819.56, marking a rebound in losses. In the previous day's US market, the Dow fell and the Nasdaq also declined sharply, while after the opening, individual stocks moved in different directions and selling prevailed across the market.
Many of the most actively traded stocks by value on the TSE Prime Market fell, including Kioxia HD, Advantest, Mitsubishi UFJ Financial Group, Tokyo Electron, Lasertec, Fujikura, Sumitomo Mitsui, HOYA and JX Advanced Metals. Oriental Land and others rose.
By sector, declines were particularly pronounced in nonferrous metals, banks, and glass and ceramics, reflecting the overall weakening of the market.