The Tokyo stock market fell sharply at the morning close, with the Nikkei Average down 2.52% from the previous day at ¥67,292.39. Declines in AI-related stocks, against a backdrop of lower semiconductor stocks in the US market, are weighing on the market.
At the morning close, the Nikkei Average was down 2.52% from the previous day, ending trading at ¥67,292.39, down ¥1,738.53. The market recorded a sharp decline as the morning session progressed.
Declines in US semiconductor stocks affected the domestic market, and losses in AI-related stocks weighed on investor sentiment. Selling consequently spread across a broad range of stocks.
With sector rotation in focus, investors are carefully assessing developments as overall market weakness persists.