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Tokyo stocks fall further in morning session on rising oil prices and long-term interest rates

Thu Apr 30, 2026 11:56 am JST Market

The Nikkei Stock Average fell 612.84 yen to 59,304.62 in the morning session on the 30th, extending losses from the previous session. Trading volume on the Prime Market in the morning was approximately 1.38 billion shares, with a turnover of approximately 4.54 trillion yen. A total of 255 issues advanced while 1,285 declined, with 31 issues unchanged.

Tokyo stocks came under selling pressure in the morning session, particularly among heavyweights. With Japan closed on the 29th for a national holiday, the market tracked a slump in U.S. tech stocks, weighing on the semiconductor sector. Amid uncertainty over the situation in Iran, WTI crude oil futures remained elevated, rising above $100 per barrel. Renewed concerns about domestic inflation emerged as yields on newly issued 10-year Japanese government bonds surpassed 2.5% for the first time in 29 years. This further dampened market sentiment. Declining issues accounted for more than 80% of the Prime Market.

Individual stocks showing weakness included ADVANTEST CORPORATION <6857>, DISCO CORPORATION <6146>, Tokyo Electron Limited <8035>, Lasertec corporation <6920>, and Fujikura Ltd. <5803>. FUJITSU LIMITED <6702> and NEC Corporation <6701> declined, while Mitsubishi Heavy Industries,Ltd. <7011>, Hitachi, Ltd. <6501>, and TOYOTA MOTOR CORPORATION <7203> also fell. On the other hand, SoftBank Group Corp. <9984>, Kioxia Holdings <285A>, and Shin-Etsu Chemical Co., Ltd. <4063> were firm. TDK Corporation <6762> moved higher, while SUMCO CORPORATION <3436> jumped.

Source: MINKABU PRESS

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

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