The Nikkei Average fell ¥512 from the previous Friday in the morning session on the 14th, extending its decline. Losses widened at one point, but narrowed after the initial wave of selling subsided, with about 80% of Prime Market stocks rising.
The Nikkei Average fell ¥512.73 from the previous Friday to ¥63,498.61 in the morning session on the 14th, extending its decline for a second straight session, and fell as low as ¥62,726.18 at 9:28 a.m. Selling focused on AI-related stocks after various quarters flagged a slowdown in the pace of AI development in the US as a concern, while stocks other than AI semiconductor issues generally remained firm. The exchange rate was around ¥154 to the US dollar. The TOPIX rebounded, rising 26.59 points from the previous day to 4,054.89 points.
Trading volume on the TSE Prime Market was 975.34 million shares, with trading value of ¥3.9148 trillion. The number of advancers was 1,197, decliners 317, and unchanged issues 38. By sector, 7 of the 33 sectors declined and 26 rose. Information and communications stocks and nonferrous metal stocks were notably weak, while services, insurance and Other Products stocks rose.