The Nikkei fell about ¥3,255 from the previous day and slipped below ¥65,000 for the first time in about 2 weeks, reaching its level at midday on the 15th.
The Nikkei Stock Average fell sharply in the morning session, down ¥3,255.23 from the previous day at ¥64,489.06, ending the morning at its low for the session after 6 consecutive days of decline. TOPIX also plunged, down 103.28 points at 3,993.50, falling below 4,000 for the first time in about 1 month during trading hours.
Technology stocks, including semiconductors, fell in the previous day's US market following an upside surprise in September CPI and uncertainty over AI investment. Selling in AI- and semiconductor-related stocks prevailed in the Nikkei market, which opened down more than ¥800. A sharp decline in South Korea's KOSPI also weighed on the market, and the Nikkei fell below the ¥66,000 level during the day.
Selling intensified toward the midday close, with the morning low reaching its lowest level since 18 September. Advantest pushed the Nikkei down by about ¥1,210, while Tokyo Electron and SoftBank Group also led the index lower. The yen moved higher against the dollar, reaching the upper half of the ¥157.6 range.
Trading volume on the Tokyo Stock Exchange Prime Market was 12.315 billion shares, and trading value was ¥4.535 trillion. There were 509 advancers, 1,010 decliners and 32 unchanged issues, with about two-thirds of the market declining. By sector, 24 sectors fell and 9 rose. Nonferrous metals and electrical equipment fell sharply, while pharmaceuticals advanced.
"Source: Wealth Advisor"
Information from other sources follows where related news is available.