The Nikkei Average opened lower, starting at 64,539.92 yen, down 0.6% from the previous trading day, and then extended its losses to over 3%, falling to around the mid-62,900 yen level. Following the trend of high-tech stocks being sold in the U.S. market the previous day, concerns over the outlook for artificial intelligence are cooling investor sentiment. Among major stocks, Toyota Motor was flat, while Mitsubishi UFJ Financial Group fell over 2%. In AI and semiconductor-related shares, Advantest dropped over 8%, Tokyo Electron and Kioxia Holdings were offered without bids, and SoftBank Group declined over 3%. On the other hand, Fast Retailing, which has a high index contribution, was firm, rising over 1%.
Kioxia Holdings Corporation
Advantest Corp.
TE Connectivity Ltd
Mitsubishi UFJ Financial Group, Inc.
SoftBank Group Corp.
Toyota Motor Corp.
FAST RETAILING CO., LTD.