Tokyo Shares Drop 421 Points on Collapse of U.S.-Iran Talks, Though Dip-Buying Caps Losses

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Mon Apr 13, 2026 4:04 pm JST Market

The Nikkei share average dropped on the 13th in Tokyo trading. The market opened lower in the wake of collapsed peace talks between the U.S. and Iran, though dip-buying emerged to pare losses.

At the close, the Nikkei 225 stood at 56,502.77, down 421.34 points from late Friday. Trading volume on the Prime Market totaled roughly 2.0487 billion shares, with turnover amounting to approximately 7.2504 trillion yen. Decliners outnumbered advancers 1,058 to 469, while 49 issues ended unchanged.

The U.S.-Iran talks held in Pakistan over the weekend failed to yield an agreement, triggering early selling pressure in Tokyo at the start of the week. However, the market showed resilience once the initial morning sell-off subsided. Hopes for a resumption of ceasefire negotiations, coupled with robust tech shares tracking the Nasdaq Composite's eighth consecutive gain on Friday, lent support to the market. Off-hours WTI crude oil prices temporarily spiked to around $105 per barrel during Japan's morning hours before hovering at elevated levels. The Nikkei resumed its slide in the afternoon session, plunging nearly 700 points from Friday's close shortly after 1:00 p.m., but dip-buyers quickly stepped in, keeping the index range-bound around the 56,500 level through the close.

Among individual components, Advantest Corporation <6857>, Tokyo Electron Limited <8035>, and SoftBank Group Corp. <9984> lost ground, alongside Furukawa Electric Co., Ltd. <5801> and Sumitomo Electric Industries, Ltd. <5802>. Fast Retailing Co., Ltd. <9983>, Nintendo Co., Ltd. <7974>, and Tokyo Electric Power Company Holdings, Incorporated <9501> also posted weakness, while Mitsui Kinzoku Company, Limited <5706>, IHI Corporation <7013>, and Ibiden Co., Ltd. <4062> declined.

Conversely, Kioxia Holdings <285A> and Disco Corporation <6146> traded higher, while Fujikura Ltd. <5803> and JX Advanced Metals Corporation <5016> added to their gains. Mitsubishi UFJ Financial Group, Inc. <8306>, Mitsubishi Heavy Industries, Ltd. <7011>, and Inpex Corporation <1605> advanced. Nitto Boseki Co., Ltd. <3110> surged, and Yaskawa Electric Corporation <6506> jumped sharply following upbeat earnings results.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.