The Nikkei Average plunged, closing down ¥1,713.40 from the previous day at ¥62,907.84. Moves in after-hours trading and selling of AI and semiconductor stocks weighed on the market.
The Nikkei Average in the Tokyo stock market plunged, ending trading at ¥62,907.84, down ¥1,713.40 from the previous day. Selling intensified toward the close, sending share prices sharply lower.
The decline in Nasdaq futures in after-hours trading also had an impact, with downward pressure spreading to the domestic market. Investor risk aversion may have intensified.
Selling of AI-related and semiconductor stocks was prominent among the trading catalysts, and some saw the performance of these sectors as driving the Nikkei Average's decline.