At the morning close, the Nikkei average was trading at ¥64,534.03, down approximately ¥790 from the previous day, while the TOPIX was at 4,050.34, down approximately 15 points. Semiconductor-related stocks were sold amid concerns over capital investment in AI-related areas, and the broader decline continued.
In morning trading, the Nikkei average fell back to ¥64,534.03, down ¥790.26, while the TOPIX stood at 4,050.34, down 15.66 points. Trading volume was 917.96 million shares, and trading value was ¥3.2947 trillion.
By sector, nonferrous metals, electric appliances, and banks declined, while mining, marine transportation, oil, and coal products rose. Semiconductor-related stocks were sold amid concerns over a slowdown in capital investment related to AI.
The Nikkei at times showed a decline of more than ¥1,200 as of 10:00, but dip buying narrowed the loss. Some market participants also said the market was not falling across the board.
The market opened lower, with the Nikkei down ¥504.73 at ¥64,819.56, as selling led by AI-related stocks emerged first.
Some observers also noted a rotation of funds from AI-related stocks into other stocks overall.