In the morning session on the 14th, the Tokyo stock market saw the Nikkei 225 trade about ¥512 lower than the previous day at ¥63,498.61. While AI-related stocks were notably sold, the TOPIX rebounded, with funds also flowing into stocks outside the AI sector.
At the morning close, the Nikkei 225 stood at ¥63,498.61, down ¥512.73 from the previous day, while the TOPIX stood at 4,054.89, up 26.59 points. Trading volume was 975.34 million shares and trading value was ¥3.9148 trillion. Selling spread across AI-related stocks, while funds also began flowing into stocks outside the AI sector.
By sector, information and telecommunications, nonferrous metals, and fabricated metal products declined, while services, insurance, and other products advanced. The Nikkei 225 opened down ¥351.81 from the previous business day and subsequently widened its losses. SoftBank Group Corp. fell more than 10% at one point following reports that OpenAI CEO Altman had indicated the company would not pursue an IPO this year.
Market participants were quoted as suggesting a shift of funds away from AI-related stocks. Overall, selling in AI-related shares weighed on the market, while the TOPIX continued to rebound, with 70% of Prime Market stocks rising. Even at the open, expectations that related investment would be delayed were cited as one factor behind the selling.