In the Tokyo stock market on the 28th, the Nikkei average fell ¥486.58 from the previous weekend to ¥65,877.62, retreating for the first time in 6 trading days. Buying of AI and semiconductor stocks led the market in the morning, but profit-taking subsequently spread.
In the Tokyo stock market on the 28th, the Nikkei Stock Average fell ¥486.58 from the previous weekend to ¥65,877.62, retreating for the first time in 6 trading days. It came under selling pressure after rising nearly ¥3,000 over the previous 5 trading days.
AI and semiconductor-related stocks were bought in the morning against a backdrop of higher US share prices, and the index temporarily rose more than ¥600 to above ¥67,000. Profit-taking then emerged and the market turned lower again, with trading remaining around the lows in the afternoon session.
Losses widened just before the close, while the Tokyo Stock Price Index (TOPIX) ended trading down 16.59 points at 4112.00. Investor activity was subdued, and the market lacked direction on Monday.