The Nikkei 225 opened lower for a second day in the Tokyo market. Concerns over a slowdown in the pace of AI development in the US and higher crude oil prices weighed on the market, with semiconductor stocks trading weakly.
The Nikkei 225 opened at ¥63,659.53, down 0.55% from the previous trading day, extending its decline for a second day. Concerns over a slowdown in the pace of AI development in the US weighed on the market, with semiconductor-related stocks trading weakly.
By sector, nonferrous metals and glass and ceramics products declined, while services, mining, and land transportation performed relatively firmly.
Among individual stocks, Toyota Motor edged higher, Sony Group was firm, and Fast Retailing edged higher. Among AI- and semiconductor-related stocks, Tokyo Electron was down more than 1% and Advantest was down more than 4%.
SoftBank Group and Kioxia Holdings started with sell indications.