The Nikkei average fell sharply in the Tokyo stock market on the 8th, trading at ¥69,310.47, down ¥725.24 from the previous day. SoftBank Group weighed most heavily on the index, with the impact of its share price amounting to ¥165.86.
The Nikkei Stock Average fell sharply in the Tokyo stock market on the 8th, standing at ¥69,310.47 as of 10:00 a.m., down ¥725.24 from the previous day. On the TSE Prime Market, declining issues accounted for more than 80% of the total, while 131 issues rose and 33 were unchanged.
SoftBank Group was the main factor weighing on the market, with the single stock pulling the Nikkei average down by ¥165.86. Semiconductor-related stocks were also weak, with Advantest, Tokyo Electron, TDK and Fujikura among the factors weighing on the index.
Recruit Holdings made the largest positive contribution, lifting the index by ¥29.83. Kioxia Holdings, Trend Micro, Taiyo Yuden and Lasertec followed.
By sector, 32 sectors declined, while services was the only sector to rise. Oil and coal posted the largest percentage decline, followed by nonferrous metals, mining, wholesale, machinery, and electric power and gas.