The Nikkei fell back in the Tokyo market on the morning of the 26th, with selling leading losses in semiconductor stocks ahead of US chipmaker NVIDIA's earnings, sending the index down more than 400 points at one stage. The impact of the previous day's moves also lingered, while developments in semiconductor-related stocks such as Advantest and Tokyo Electron influenced market sentiment.
The Nikkei opened lower on the morning of the 26th and traded around ¥65,600. Position-adjustment selling led losses in some semiconductor-related stocks, while expectations ahead of US chipmaker NVIDIA's earnings announcement weighed on the market, sending the decline past 400 points at one stage.
The three major US stock indexes rose in trading on the 25th, while falling crude oil prices and lower US long-term interest rates were cited as factors supporting buying. Geopolitical and tariff developments also remained in focus, with Canada announcing measures imposing retaliatory tariffs on the United States of up to 50%.
The Tokyo Stock Price Index, TOPIX, extended its gains at times, with Tokio Marine rising after announcing a stock split and pushing up the index. By contrast, IBIDEN, TDK and Kioxia fell, while Recruit, Bandai Namco Holdings and Chugai Pharmaceutical rose, showing divergent moves among individual stocks.