Nikkei edges lower as semiconductor selling caps gains; TOPIX rises

The Nikkei Stock Average edged down 47.65 yen to 65,968.71 at the morning close on the Tokyo Stock Exchange on the 24th, after briefly falling below 66,000 and later rising as much as 200 yen. Selling in some AI and semiconductor-related stocks, following a decline in the U.S. Philadelphia Semiconductor Index on the 21st, limited gains. The TOPIX rose 13.01 points to 4,080.30, extending its advance. Dip-buying after the previous week's decline of more than 2,000 yen and strong earnings from major Japanese companies supported the broader market, although a market participant said rising interest rates made it difficult to envision aggressive buying.

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