The Nikkei Average fell for the first time in 3 sessions, closing at ¥65,683.26, down ¥617.18 from the previous day, as selling in AI and semiconductor-related stocks pushed the market lower.
Following declines in U.S. stocks on the morning of 6 August, selling led the Tokyo market from the opening, and the Nikkei Average closed ¥617.18 lower than the previous day at ¥65,683.26 in afternoon trading. It was the first decline in 3 sessions, with the drop temporarily exceeding ¥1,300.
Declines in AI (artificial intelligence) and semiconductor-related shares widened the Nikkei Average's losses. Selling in stocks with a significant impact on the Nikkei Average is believed to have spread across the broader market.
Meanwhile, crude oil futures prices fell on expectations of improving conditions in the Middle East, easing inflation concerns. At one point, more than 70% of TSE Prime stocks were rising. The Tokyo Stock Exchange Stock Price Index (TOPIX) rebounded to close 9.68 points higher at 4,055.85.