The Nikkei Stock Average fell sharply on 22 October in the Tokyo stock market, closing ¥1,713.40 lower than the previous day at ¥62,907.84. Falling semiconductor-related stocks weighed on the market as a whole.
The Nikkei Stock Average fell sharply on 22 October in the Tokyo stock market. The broader market weakened following earnings announcements by overseas companies, intensifying selling pressure among investors.
The decline in semiconductor-related stocks drove the broader market lower, with electronic component and semiconductor manufacturing-related stocks in particular showing weakness.
The Nikkei closed ¥1,713.40 lower than the previous day at ¥62,907.84, while the decline widened sharply during trading hours. Market observers believe developments in the resources and materials sectors following earnings announcements by U.S. companies also affected the market.
The trends of individual stocks were limited to those covered in the article, and overall, the decline in semiconductor-related stocks was a factor weighing on the broader market.