The Nikkei Average traded around ¥300 below the previous day’s level in the Tokyo stock market. After selling subsided, the decline narrowed.
At around 10:00 a.m. on the 18th, the Nikkei Average was trading around ¥68,900, about ¥300 below the previous day. It fell as much as ¥640 to ¥68,579.6 at 9:04 a.m.
The decline narrowed after selling subsided, while AI and semiconductor stocks were mixed. SoftBank Group and Fujikura were bought, supporting the Nikkei Average, while Advantest and Tokyo Electron detracted.
By sector, 19 of the 33 sectors declined, while 14 rose. Food, other products, services, real estate and retail were weak, while marine transportation, nonferrous metals and mining were firm.
In foreign exchange trading, dollar-yen and euro-yen moved little from early morning, with dollar-yen trading in the low ¥159s and euro-yen in the high ¥184s.