The Nikkei Average fell ¥703.81 during the morning session on the 22nd, closing at ¥603,917.43. Selling spread across AI and semiconductor stocks, triggered by Lam Research’s earnings.
In the Tokyo stock market on the 22nd, the Nikkei 225 extended its decline toward the end of the morning session, with the morning session close at ¥603,917.43, down ¥703.81 from the previous day. Selling in after-hours trading following earnings announced by Lam Research, a major US semiconductor equipment manufacturer, was seen as a factor, with selling concentrated in AI- and semiconductor-related stocks.
The index opened shortly after the market opened down 0.13% from the previous day and briefly moved into positive territory, but concerns over Lam Research's earnings spread, sending it back into negative territory. At 11:26 a.m., it fell as low as ¥63,882.77, down ¥738.47 from the previous day, and ended the morning session near its low.
Tokyo Electron and Advantest were soft, while stocks in sectors including nonferrous metals, glass and ceramics, banks, machinery and electrical equipment declined. At times, buying emerged in insurance, services and mining. On the TSE Prime market, 776 stocks rose and 721 fell, with advancing issues outnumbering declining issues.
Trading volume was 891.74 million shares, and trading value was ¥3.1191 trillion. The TOPIX stood at 4,032.22 points, down 0.28%. In the foreign exchange market, the yen moved higher, trading in the ¥157.90-per-dollar range.