The Tokyo market opened sharply lower, with some semiconductor-related stocks sold in the afternoon session as well, pushing the index lower. Losses widened further after the morning session, and the market remained on a downward trend at the afternoon open.
The Nikkei Stock Average opened sharply lower from the previous day, standing at 67,837.15 yen before losses widened.
Some semiconductor-related stocks were sold, visibly weighing on the index, while some AI-related stocks were reported to have provided support.
At the morning close, the Nikkei average stood at 68,098.54 yen, down 1,121.71 yen from the previous day, while TOPIX fell 19.0 points to 4,165.11. Trading volume was 1,091.54 million shares, and trading value was approximately ¥5.3398 trillion.
At 10:02 a.m., the Nikkei average at one point fell more than 600 yen, but subsequently narrowed its losses. At the opening, it had begun lower at 68,847.35 yen.