Tokyo Stocks Close Down \1,276 as U.S.-Iran Ceasefire Hopes Fade, Sharp Reversal

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Thu Apr 2, 2026 4:22 pm JST Market

The Tokyo stock market on the 2nd saw sentiment shift dramatically before and after U.S. President Trump's speech on the Middle East situation. The Nikkei Stock Average turned sharply lower after opening higher in the morning.

The Nikkei Stock Average closed at \52,463.27, down \1,276.41 from the previous trading day, marking a sharp reversal. Trading volume on the Prime Market totaled approximately 2.612 billion shares, with trading value reaching approximately \7.818 trillion. The number of advancing issues stood at 319, while declining issues totaled 1,224, with 35 issues unchanged.

The Tokyo market opened with buying pressure, and the Nikkei briefly rose over \500 to recover the \54,000 level. The market carried over the positive momentum from the previous day's U.S. stock market rally, which was driven by hopes for a ceasefire in the Iran conflict. The overall market remained firm for some time thereafter, but when President Trump's address to the nation began at 10:00 a.m. Japan time, sentiment turned and selling pressure emerged. In his speech, Trump stated his intention to launch further attacks on Iran over the next two to three weeks, expressing his commitment to continue military action. While he indicated a willingness to continue ceasefire negotiations with Iran, he also mentioned the possibility of attacking power plants if no agreement could be reached. This dampened ceasefire expectations, and U.S. crude oil futures rose in after-hours trading. Selling spread to major issues including high-priced semiconductor-related stocks, and the Nikkei's decline reached approximately \1,400 at one point. About 78% of Prime Market stocks declined, with 30 of 33 industry sectors posting losses, excluding shipping and a few others.

Individually, SoftBank Group Corp. <9984>, ADVANTEST CORPORATION <6857>, Kioxia Holdings <285A>, Tokyo Electron Limited <8035>, and Fujikura Ltd. <5803> declined. DISCO CORPORATION <6146>, Lasertec corporation <6920>, as well as TOYOTA MOTOR CORPORATION <7203>, Mitsubishi UFJ Financial Group, Inc. <8306>, Nintendo Co., Ltd. <7974>, and FAST RETAILING CO., LTD. <9983> also weakened. V-cube, Inc. <3681> plunged for consecutive days. Sumitomo Pharma Co., Ltd. <4506>, SAMCO INC. <6387>, and Coca-Cola Bottlers Japan Holdings Inc. <2579> fell sharply.

On the other hand, Nippon Yusen Kabushiki Kaisha <9101> rose against the trend. Mitsui O.S.K.Lines,Ltd. <9104> and Kawasaki Kisen Kaisha, Ltd. <9107> remained firm. Mitsubishi Heavy Industries,Ltd. <7011> and IHI Corporation <7013> also traded higher. NTT, Inc. <9432>, KDDI CORPORATION <9433>, as well as CHUGAI PHARMACEUTICAL CO., LTD. <4519> and TOKYU CORPORATION <9005> were solid. ARCHION <543A> moved higher.

Source: MINKABU PRESS