The Nikkei Average fell 1,259.61 points from the previous day to close sharply lower in the Tokyo stock market. Selling spread across major stocks, including AI and semiconductor names, amid concerns over higher crude oil prices and the outlook for US interest rates.
The Nikkei Average fell on the 11th in the Tokyo stock market, closing at 64,011.34, down ¥1,259.61 from the previous day. Estimated trading volume reached 2.37251 billion shares and estimated trading value ¥8.7129 trillion. Approximately 509 stocks advanced, approximately 986 declined and 58 were unchanged.
Major US market indexes fell the previous day against a backdrop of higher crude oil prices and rising interest rates. WTI crude oil futures rose into the $100-per-barrel range, and concerns over higher oil prices remained strong in the Tokyo market, fueling selling centered on AI and semiconductor-related stocks.
Among individual stocks, Kioxia Holdings, SoftBank Group and Advantest fell, while Taiyo Yuden, Ibiden and Furukawa Electric also declined. Keyence, FANUC and Mitsubishi Electric were weak, and Resonac Holdings and SUMCO came under selling pressure.
Financial stocks, including Sumitomo Mitsui Financial Group, Mizuho Financial Group and Tokio Marine Holdings, were firm. INPEX and Mitsui O.S.K. Lines rose, while KDDI, Marubeni and Sumitomo Corporation attracted buying. US and Japanese monetary policy meetings are scheduled for next week, while the US CPI for August is due to be released tonight.