The Nikkei average plunged sharply from the previous day, closing at ¥64,425.95, down ¥3,318.34. Concerns over AI-related stocks spread against a backdrop of falling US semiconductor stocks, prompting broad-based selling of related issues and pushing the index below ¥65,000.
The Nikkei Stock Average ended down ¥3,318.34 from the previous day at ¥64,425.95. NT followed the trend of falling US semiconductor stocks amid concerns over deterioration in the financial condition of AI-related companies, and the market was broadly sold. TOPIX ended down 97.44 points at 3,999.34.
Trading volume was 3.02794 billion shares and trading value was ¥10.1401 trillion. 61% of stocks declined and 36% advanced. By sectoral stock price index, nonferrous metals, electrical equipment, and glass and ceramics products declined, while pharmaceuticals, real estate, and retail advanced.
Standard TOP20 and Growth stocks continued to fall. Trading volume in Standard TOP20 was 556.76 million shares, while Growth 250 and Growth Core also continued to decline.
The sharp decline is thought to have been driven by broad-based risk aversion resulting from concerns over deterioration in the financial condition of AI-related stocks and the knock-on effect of falling US semiconductor stocks.