The Nikkei Average fell on 23 October under pressure from losses in US technology stocks, but domestic IT stocks surged on reports of business collaboration between Meta and its latest AI.
Selling prevailed at the opening on 23 October, following the recent decline in US stocks. After falling more than ¥1,400 at one point, the Nikkei Average gradually pared its losses and closed at ¥62,693.16, down ¥214.68 from the previous day. Among the index constituents, 81 stocks rose, 144 fell and 0 were unchanged. The biggest negative contributors included TDK, Nitto Denko and SoftBank Group, while the biggest positive contributors were Fast Retailing, Chugai Pharmaceutical, Kioxia Holdings, Lasertec and Sony.
Trading value on the TSE Prime Market was ¥8.938322 trillion, while trading volume was 2.884 billion shares, both up from the previous day. By sector, real estate, retail, food products and pharmaceuticals were among the relatively stronger sectors, while banking, marine transportation, nonferrous metals, iron and steel, and machinery declined. In the afternoon, dip-buying flowed into AI- and semiconductor-related stocks, narrowing the declines in Tokyo Electron, SoftBank Group and Advantest by the close.
Among individual stocks, the biggest gainers on the TSE Prime Market were HENNGE, グロービング and Mercari, while the biggest decliners were KLab, Soliton Systems and GMO GlobalSign Holdings. In addition, 68 stocks updated their year-to-date highs, while 63 updated their year-to-date lows.