The Nikkei Average fell at the open for a second straight session, with selling led by declines in U.S. AI-related stocks. Major stocks were mixed, while the index briefly fell more than ¥500.
The Tokyo stock market opened with the Nikkei Average down 0.5% from the previous trading day at ¥62,972.02, marking a second straight decline. Selling was led by AI- and semiconductor-related stocks, following declines in the U.S. market at the end of the previous week amid disappointment with earnings from major semiconductor companies.
The decline at one point widened to more than ¥500 during the day. Among AI- and semiconductor-related stocks, Advantest was soft and SoftBank Group was indicated for selling at the open, while Tokyo Electron was firm, producing mixed performance.
Among major stocks, Toyota Motor edged lower, while Sony Group rose slightly. Fast Retailing, a highly influential index component, was flat.