The Nikkei fell more than ¥1,500 at one point in the Tokyo market following the holiday break. Selling spread to semiconductor-related stocks in Tokyo after semiconductor stocks declined in the New York market.
In the Tokyo stock market following the holiday break, the Nikkei fell more than ¥1,500 at one point. Selling pressure hit stocks across the market immediately after trading began, with semiconductor-related stocks attracting particularly strong selling.
Reports said semiconductor-related stocks fell sharply in the New York market on the 12th, prompting similar moves to emerge first in Tokyo. Some pointed to reports of progress in semiconductor development by a Chinese company as having affected market sentiment.