Following declines in US equities, the Nikkei 225 fell ¥863.92 at the open on the 15th to ¥66880.37. Major issues including Ibiden and Kioxia HD declined.
The Tokyo market extended its decline shortly after the open on the 15th, with the Nikkei 225 starting at ¥66880.37, down ¥863.92 from the previous day. In the US stock market, the Dow Jones Industrial Average fell $48.62 and the Nasdaq Composite fell 511.51 points, while September US CPI exceeded market expectations, raising expectations for additional rate hikes. Selling consequently prevailed, particularly in technology stocks, and semiconductor-related stocks also weakened.
The Nikkei 225 extended its decline after the open, falling to ¥65590.87 by 9:13 a.m., down ¥2153.42 from the previous day. Among the top issues by trading value on the TSE Prime market, Ibiden, SUMCO, Fujikura, Kioxia HD and KOKUSAI declined. By sector, nonferrous metals, machinery, electrical equipment, glass and ceramics, and metal products were among the biggest decliners, while pharmaceuticals, retail, pulp and paper, and food were among the leading advancers.
Domestic factors included attention to demand for AI semiconductors and capital spending trends ahead of TSMC’s earnings announcement, with buying and selling focused on individual issues. Future market trends may be influenced by expectations for additional US rate hikes, CPI trends and earnings outlooks for AI-related stocks.
The Nikkei 225 ultimately maintained its sharp decline after the open, while sector performance diverged significantly.