The Nikkei 225 temporarily fell more than ¥1,200 at the start of the week. Weighed down by reports concerning the situation in the Middle East and AI-related developments, it at one point fell below ¥63,000.
The Nikkei 225 remained on a downward trend at the start of the week, temporarily falling by more than approximately ¥1,200. Selling spread across AI- and semiconductor-related stocks, which led trading in the morning session, resulting in broadly weak market conditions.
The decline was attributed in part to concerns over the situation in the Middle East, which drove up oil futures prices, while AI-related news was also reported to have weighed on market sentiment. Some viewed this as having strengthened risk aversion across the market.
The Nikkei 225 fell below the ¥63,000 milestone for the first time in approximately one and a half months, since 4 August, with its decline temporarily exceeding ¥1,200. Some market participants said the market was likely to focus on the low closing price of ¥60,448 recorded on 29 July.
Some observers have pointed out that the range of fluctuations could widen going forward, depending on short-term supply and demand as well as developments in international affairs. Readers will continue to want to watch movements in the Nikkei 225 and news related to AI and energy.