After falling more than 1,000 points intraday, the Nikkei Average ended trading down ¥214 at 62,693 without rebounding late in the session. It hit an intraday low of 61,462 in the morning session.
The Tokyo market opened with the Nikkei Average falling to an intraday low of 61,462 in the morning session. The decline in U.S. AI-related stocks and selling of semiconductor-related shares in the previous day's U.S. market weighed on sentiment, leaving the Nikkei subdued at the open. Although the decline narrowed in the afternoon, the Nikkei ultimately closed down ¥214 at 62,693, only partially recovering from its opening decline.
The Topix extended its decline, while the TSE Growth Index edged higher. Among individual stocks, semiconductor-related names attracted attention. Kioxia Holdings moved into its lowest range in six months, while the SOX Index fell overall. At times, lower long-term interest rates were viewed as a factor improving the financing environment.
Among individual stocks, Sumitomo Realty & Development rebounded to close at ¥3,331. Disco faced predominant disappointment selling after its earnings outlook came in below market expectations, while RenetJapan Group staged a sharp rebound after reports that a collection business operated by a subsidiary had been selected for the “Emergency Rare Resources Collection Project.” Next week will feature numerous events, including central bank meetings in Japan and the United States and earnings announcements. Developments in AI-related stocks and interest rates were cited as key market focus points.