As the Nikkei average traded around its lows, AI- and semiconductor-related stocks weighed on the market. The decline widened around the afternoon opening, but dip buying was also observed.
As of 1:50 p.m., the Nikkei average was trading around its lows, and market participants were said to believe that AI- and semiconductor-related stocks were weighing on the market.
The afternoon session opened down approximately ¥440 from the previous day, while dip buying emerged in AI- and semiconductor-related stocks that had fallen in the morning session.
The morning-session close was ¥70,074.13 for the Nikkei average, down ¥609.85 from the previous day, and 4,158.89 for the TOPIX, down 24.67 points. Trading volume was 1.0178 billion shares and trading value was ¥3.8819 trillion.
While pointing to the manner in which AI and semiconductor stocks were being sold, market participants were also focusing on the movements of stocks with a high contribution to the Nikkei average.