Nikkei average opens lower as U.S. stocks weigh; semiconductor stocks decline

The Nikkei average opened 1.11% lower at ¥66,668.51 in Tokyo trading, reversing its gains from the previous session. Lower U.S. stocks and semiconductor stocks weighed on the market.

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The story

The Nikkei average opened at ¥66,668.51, down 1.11% from the previous day. The decline at the open put the market on course for a lower session.

Selling was reported to have spread to the Japanese market in line with declines in U.S. stocks.

Export-related stocks, particularly semiconductor-related shares, saw notable declines and were said to be weighing on the broader market.

At a glance

Nikkei levelOpened at ¥66,668.51

Change from previous dayDown 1.11% (¥737.05)

FactorsLower U.S. stocks and semiconductor stocks weighed on the market

StatusOpened lower

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