The decline in the Tokyo stock market narrowed at the afternoon open. Dip-buying emerged in large-cap high-tech stocks, and the Nikkei Average began the session with a smaller decline.
The Nikkei Average began the afternoon session from a level ¥1,540 lower than the morning close, and its decline has narrowed on dip-buying even after large-cap AI-related high-tech stocks were sold.
At the morning close, the Nikkei Average was down ¥1,738.53 and TOPIX was down 18.90 points, as concerns over semiconductor demand and declines in AI-related stocks pushed stock indexes lower.
By sector, nonferrous metals and electrical equipment declined, while marine transportation, securities, insurance and mining rose. Trading volume was above approximately 1 billion shares, and trading value was above ¥4 trillion.
At the morning open, the Nikkei Average started down ¥466.07, with selling of semiconductor-related stocks at the center of the move. AI-related stocks including Advantest and SoftBank Group ranked among the largest negative contributors to the Nikkei Average.