AI-related stocks were sold on expectations of weaker-than-expected performance at US-based OpenAI, and the Nikkei 225 posted a modest continued decline in the Tokyo market. TOPIX rebounded, while trading volume remained high.
The Nikkei 225 closed at ¥69,030.92, down ¥11.19 from the previous day, for a modest decline. Selling in some AI-related stocks capped the Nikkei 225's upside. Buying emerged in stocks outside the AI-related sector, however, and TOPIX rebounded, rising 13.35 points to 4,104.81.
Across the market, 21% of stocks fell and 77% rose. Trading volume was 2.29519 billion shares, and trading value was ¥7.8454 trillion. Sectoral stock price indexes declined in banking, nonferrous metals, and retail, while marine transportation, other products, and services rose.
The TOP 20 on the Standard market edged higher, with trading volume of 501.13 million shares. In the Growth market, Growth 250 and Growth Core rebounded.