Tokyo stocks close down 632 yen, briefly fall below 59,000 on oil price surge concerns

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Thu Apr 30, 2026 4:22 pm JST Market

The Tokyo stock market on the 30th saw risk-off sentiment prevail. The Nikkei Stock Average at one point fell nearly 1,000 yen, briefly slipping below the 59,000 level.

The Nikkei Stock Average at the close declined 632.54 yen to 59,284.92, extending losses from the previous trading day. Trading volume on the Prime Market was approximately 3,177,430,000 shares, with trading value of approximately 9,974.3 billion yen. The number of advancing issues stood at 347, while declining issues numbered 1,195, with 32 unchanged.

In today's Tokyo market, selling led by major stocks dominated from the open. While Japan was closed for a holiday on the 29th, the Iranian situation remained in a stalemate and crude oil prices rose again. Additionally, following the U.S. Federal Open Market Committee (FOMC) meeting the previous day, expectations for U.S. rate cuts receded, and the exchange rate strengthened to a weaker yen trend in the 160 yen per dollar range, renewing awareness of domestic inflationary pressures. Against this backdrop, the yield on newly issued 10-year Japanese government bonds in today's bond market surpassed 2.5%, rising to its highest level in 29 years. Concerns over rising oil prices and rising interest rates weighed on stock prices. Reports around midday that the U.S. was planning new attacks on Iran pushed the overall market further down in the afternoon session. Towards the close, the decline moderated somewhat. While some stocks rose on individual factors such as earnings announcements, approximately 76% of Prime Market stocks declined. Trading value was robust at nearly 10 trillion yen.

Individual stocks seeing weakness included ADVANTEST CORPORATION <6857>, DISCO CORPORATION <6146>, Tokyo Electron Limited <8035>, Lasertec corporation <6920>, and Fujikura Ltd. <5803>. SoftBank Group Corp. <9984> edged slightly lower. ORIENTAL LAND CO.,LTD. <4661> cut levels, while Nintendo Co., Ltd. <7974>, SONY GROUP CORPORATION <6758>, and Sanrio Company, Ltd. <8136> declined. FUJITSU LIMITED <6702> and NEC Corporation <6701> plunged. TOYOTA MOTOR CORPORATION <7203>, Hitachi, Ltd. <6501>, and Mitsubishi Heavy Industries,Ltd. <7011> also fell.

On the other hand, Kioxia Holdings rose. Murata Manufacturing Co.,Ltd. <6981>, TDK Corporation <6762>, as well as IBIDEN CO.,LTD. <4062>, Renesas Electronics Corporation <6723>, and SUMCO CORPORATION <3436> advanced. FAST RETAILING CO., LTD. <9983> was firm. Shin-Etsu Chemical Co., Ltd. <4063>, Mitsubishi Electric Corporation <6503>, and Mitsui Kinzoku Company, Limited <5706> were solid.

Source: MINKABU PRESS

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