The Nikkei average closed down ¥1,253.40 from the previous day at ¥67,777.52, falling for the fourth straight day. Selling predominated as the market followed the decline in semiconductor stocks in U.S. equities.
The Nikkei average closed down ¥1,253.40 from the previous day at ¥67,777.52, falling for the fourth straight day. Estimated trading volume was 2.35628 billion shares and trading value was ¥7.964 trillion.
Following the decline in semiconductor stocks in the U.S. market, selling predominated in the Tokyo market, centered on semiconductor-related stocks, and the Nikkei average fell nearly ¥2,000 at one point. The decline in the SOX Index, a sharp drop in South Korea's KOSPI and higher oil prices amid concerns over the Middle East situation also dampened market sentiment.
Among individual stocks, major names including Kioxia Holdings declined, while rising stocks were relatively numerous across the Prime Market and buying interest broadened. Fast Retailing and Recruit were among the stocks making the largest positive contributions to the Nikkei average, while Tokyo Electron and SoftBank Group were among those making the largest negative contributions.
Overall, the Nikkei average fell while TOPIX traded slightly higher. Among individual stocks driven by company-specific factors, Sumikoshi Holdings, Cowles, Showcase and Signpost were active.