Tokyo stocks close 445 yen lower as profit-taking follows Nikkei's 60,000 milestone

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Thu Apr 23, 2026 4:28 pm JST Market

The Nikkei Stock Average started the session on the 23rd with buying dominance in the Tokyo stock market in the morning, finally achieving the milestone of reaching the 60,000 level. However, once buying subsided, gains narrowed rapidly and the index turned negative.

The Nikkei Stock Average at the close fell 445.63 yen to 59,140.23, declining from the previous trading day. The estimated trading volume on the Prime Market was 2,728,460,000 shares, with an estimated trading value of 8,983,200,000,000 yen. The number of advancing issues was 340, while declining issues totaled 1,188, with 46 unchanged.

In today's Tokyo market, bullish sentiment prevailed at the opening following gains in U.S. tech stocks the previous day, but after the Nikkei reached 60,000, the market reversed course and came under profit-taking pressure. Semiconductor-related stocks, which have been leading the market, generally started the morning with buying dominance but gradually saw issues erasing gains. In the afternoon session, the overall market weakened further, with the Nikkei's decline reaching over 960 yen at one point. The index pared losses toward the close but ended the session in negative territory. Resource stocks stood out for their strength, including Japan Petroleum Exploration Co., Ltd. <1662>, which was boosted by favorable reception of its management plan. Meanwhile, as IBM and ServiceNow plunged in after-hours U.S. stock trading following earnings announcements, selling spread to SaaS stocks in the Tokyo market as well. Over 70% of Prime Market issues declined. Trading value reached nearly 9 trillion yen. TOPIX and the Growth 250 Index both fell in unison.

Individual stocks including DISCO CORPORATION <6146>, Lasertec corporation <6920>, Fujikura Ltd. <5803>, Furukawa Electric Co., Ltd. <5801>, and JX Advanced Metals Corporation <5016> declined. TOYOTA MOTOR CORPORATION <7203>, Mitsubishi UFJ Financial Group, Inc. <8306>, and FAST RETAILING CO., LTD. <9983> also fell. Tokyo Electron Limited <8035> edged slightly lower. Recruit Holdings Co.,Ltd. <6098>, Nintendo Co., Ltd. <7974>, SONY GROUP CORPORATION <6758>, and Murata Manufacturing Co.,Ltd. <6981> were also sold. BayCurrent, Inc. <6532> and Money Forward, Inc. <3994> posted significant declines.

On the other hand, Kioxia Holdings <285A>, which had the highest trading value, rose. SoftBank Group Corp. <9984>, along with Mitsubishi Heavy Industries,Ltd. <7011>, Kawasaki Heavy Industries,Ltd. <7012>, and Hitachi, Ltd. <6501> also gained. INPEX CORPORATION <1605> moved higher. Mitsubishi Corporation <8058> and Mitsui Fudosan Co., Ltd. <8801> were firm. Kakaku.com,Inc. <2371> and Digital Garage, Inc. <4819> surged.

Source: MINKABU PRESS

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