The Nikkei Average came under selling pressure after the open and was down ¥689 as of 9:05 a.m. Losses widened against the backdrop of declines in U.S. stocks, while weakness in AI-related and semiconductor stocks is weighing on the market.
The Nikkei Average was down ¥689 as of 9:05 a.m., with losses widening after the open. U.S. stocks were mixed the previous day, but declines in the Nasdaq Composite and SOX Index are weighing on the Tokyo market.
The decline in U.S. stocks has affected share prices of AI-related and semiconductor-related companies, and some market participants expect selling to emerge as investors await a short-term rebound and take profits. The previous day's U.S. stock movements are also affecting the Tokyo market.
As domestic companies continue to announce their April-June quarter results, investor interest in companies reporting strong earnings remains firm, but selling prevailed at the open. The Nikkei Average continued to widen its losses after the open.