The Nikkei Average fell sharply for a sixth consecutive session, declining more than 5% at one point. Trading ended with related stocks still plunging against a backdrop of concerns over investment in AI-related areas.
The Nikkei Average fell for a sixth consecutive session, closing at ¥64,425.95, down 4.90% from the previous trading day.
The market’s decline was reported to be the third-largest on record.
Concerns over AI investment, which have drawn investors’ attention, were cited as the cause of the plunge in related stocks.