The Nikkei average plunged by more than ¥3,600 at one point and fell to ¥64,425.95 at the close. It was down ¥3,318.34 from the close on the 14th, the third-largest decline on record. Selling spread across the market, led by semiconductor-related stocks.
The Nikkei average recorded a sharp decline of more than ¥3,600 at one point, and on the 15th closed at ¥64,425.95, below ¥65,000 for the first time in about 2 weeks. It fell ¥3,318.34 from the previous day’s close, marking the third-largest decline on record.
After concerns about the profitability of semiconductor-related companies intensified in the U.S. market the previous day and technology stocks were sold, selling orders spread across a wide range of stocks in Tokyo, particularly semiconductor-related issues, amid growing concerns about AI funding.