The Nikkei Average extended its sharp decline in the morning session, with AI and semiconductor stocks leading the move. The index traded near its lows, with investors waiting for the next catalyst.
In the morning session on the Tokyo Stock Exchange, the Nikkei Average fell 1.72% from the previous day, or ¥1,082.58, to ¥60,825.26, continuing its sharp decline. AI-related and semiconductor stocks were said to have led the decline in the Nikkei Average.
After the initial sell-off subsided, the index turned rangebound near its lows and moved within a relatively narrow range.