In the morning session, some AI and semiconductor stocks came under selling pressure in the Tokyo stock market, leaving the overall market soft, although TOPIX staged a modest rebound. The market opened lower, and the Nikkei 225 fell sharply during the morning session.
In the morning session, some AI and semiconductor stocks were sold amid concerns over AI-related earnings, and the Nikkei 225 fell to ¥62,214.66 at the morning close, down ¥478.50. TOPIX rose 13.53 points to 3,979.34, and the market as a whole was also viewed as firm.
The Nikkei 225 opened down ¥243.20 at ¥62,449.96, after which trading remained volatile. It fell by nearly ¥600 at one point during the morning, but the market subsequently showed some signs of recovery, supported by buying on dips and other factors.
Tokyo Electron was down 3%, while TOPIX recovered from its early-morning decline and moved into positive territory. Market participants were also quoted as saying that although tech stocks were being sold, non-tech stocks were relatively firm.
Trading volume was 942.81 million shares and trading value was ¥3.2454 trillion, indicating active trading across the market.
(End) This flash report was distributed by Jiji Press as of 11:47 a.m.