The Nikkei extended its decline. With upside constrained by higher oil prices and rising U.S. interest rates, wire stocks including Fujikura attracted buying.
The Nikkei 225 closed 126 yen lower at 65,142 yen, with higher oil prices and U.S. rate hikes continuing to weigh on the market's upside.
August machine tool orders rose 64.7% year on year, marking 14 consecutive months of growth.
Fujikura rebounded sharply, while non-ferrous metal products rose 6.8% following a sharp gain in U.S. peer Corning.
Mitsui High-tec's operating profit rose 86.2% year on year to ¥11.8 billion for February-July, supported by solid demand for hybrid vehicles. ANYCOLOR's net profit fell 11% for May-July, and the company announced a share buyback of up to ¥7 billion.