Tokyo stocks extended their decline on the morning of the 13th, with the Nikkei 225 temporarily down more than ¥1,600 at ¥67,428.29. Selling orders swelled for semiconductor-related stocks following declines in US technology stocks.
On the morning of the 13th, the first trading session after the holiday weekend, the Nikkei 225 extended its decline, falling by nearly ¥1,700 at one point before ending down ¥1,602.63 at ¥67,428.29. The Tokyo Stock Price Index (TOPIX) also fell 16.94 points to 4,087.87.
In the US market the previous day, concerns grew over the high-performance development efforts of Chinese memory semiconductor manufacturers, and selling spread across technology stocks. In the Tokyo market, semiconductor testing equipment major Advantest and other stocks also came under pressure.
US crude oil futures prices have risen against a backdrop of uncertainty surrounding the situation in the Middle East, and this is believed to have weighed on the market.
The article reports specific intraday trading activity in individual stocks and factors linking the market with other markets. Future price movements may continue to be influenced by developments in the US and crude oil markets.