Tokyo stocks extended their losses from the opening, as AI-related and semiconductor stocks were sold, weighing on the index. The Nikkei fell more than ¥1,100 at one point.
The Nikkei extended its losses after the market opened, at one point falling more than ¥1,100 from the previous day. Selling in AI-related stocks, including semiconductors, continued to weigh on the broader index.
Following the trend in U.S. markets, selling in AI-related stocks became pronounced, with moves in individual stocks contributing to the overall market decline. Reports also indicated that advancers accounted for approximately 70% of stocks in the Prime Market as a whole.
At the open, the Nikkei fell ¥404.44 from the previous day's close to ¥65,896.00, starting lower after declining in the previous session, while selling in AI-related stocks, including semiconductors, weighed on the market.