From BigGo Finance · BigGo Finance · · 1m 10s
Nikkei Drops 404 Yen as SoftBank Drags Market
Tokyo stock index falls 404 yen after SoftBank Group alone pushes down 206 yen.
In brief
Tokyo stock index falls 404 yen after SoftBank Group alone pushes down 206 yen. The Nikkei Stock Average dropped 404.35 yen to 64,512.35 yen at morning close, with SoftBank Group accounting for 206 yen of the decline. Originally reported by BigGo Finance.
Nikkei Stock Average
The Nikkei Stock Average fell for a second straight session at morning close, down 404.35 yen to 64,512.35 yen.
SoftBank Group Impact
SoftBank Group alone pushed the index down by about 206 yen, the largest single contributor to the decline.
Key Decliners
Fujikura and Kyocera also declined, adding to the Nikkei's downward pressure with 40.45 yen and 34.25 yen losses respectively.
AI Sector Concerns
Concerns over CoreWeave's financing situation weighed on AI-related shares, with high US interest rates and crude oil prices also affecting the market.
Semiconductor Buying
Buying returned to semiconductor stocks like Advantest, lifting the Nikkei by 116.50 yen at the session's end.
Market Reaction
Over 80% of Tokyo Stock Exchange Prime Market stocks declined, showing broad-based investor caution.
Market Outlook
Investors remain cautious, with earnings performance likely to determine a market turnaround.
At a glance
The Nikkei Stock Average dropped 404.35 yen to 64,512.35 yen at morning close, with SoftBank Group accounting for 206 yen of the decline.
