Tokyo stocks were range-bound in the morning session on the 26th, with the Nikkei 225 edging lower as AI-related stocks fell. As crude oil prices and US Treasury yields declined on easing concerns over the situation in the Middle East, most Prime Market stocks remained firm.
The Nikkei 225 opened the morning session at ¥65,604.49, down ¥251.94 from the previous day. Technology stocks, led by semiconductor-related names, fell and weighed on the index.
Continued weakness in AI-related stocks was cited as a factor depressing share prices, with some observers saying declines in AI-related names were creating downward pressure across the broader market.
Meanwhile, the easing of concerns over an escalation in fighting in the Middle East, along with declines in crude oil prices and US Treasury yields, supported investor sentiment. With 7 in 10 Prime Market stocks gaining, stocks outside the AI-related sector generally remained firm. Trading at the open was said to reflect a strong wait-and-see stance.