The Nikkei Average fell on 12 November for the first time in 4 trading sessions. Semiconductor stocks were sold after reports in the afternoon that Nvidia CEO Huang would be dismissed.
The Nikkei Average traded at ¥60,819.36 toward the end of the session on 12 November, down ¥429.23 from the previous day, marking its first decline in 4 trading sessions. The TOPIX, meanwhile, rose for a fourth consecutive day to 3,937.33 points. In the morning, AI- and semiconductor-related stocks including Tokyo Electron and SoftBank Group attracted buying.
In the afternoon, semiconductor- and AI-related stocks plunged following reports concerning Nvidia CEO Huang, sending the Nikkei Average lower. It fell to around ¥60,643.79 at 2:46 p.m., after which it continued to move narrowly near its low. South Korea's KOSPI also fell amid the impact of overseas factors.
Trading volume on the TSE Prime Market was 2,727.54 million shares, with trading value of ¥9,086.7 billion. There were 959 advancers, 548 decliners and 44 unchanged issues. By sector, 27 sectors rose and 6 fell. Marine products and agriculture, forestry and fisheries, and rubber products were among the leading gainers, while services, nonferrous metals, electric appliances, glass and ceramics products, banking and machinery were notable decliners.