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Tokyo stocks open lower on concerns over U.S. chip selloff and rising crude oil prices

Wed May 13, 2026 9:04 am JST Market

Tokyo stocks opened lower on Wednesday as selling pressure dominated, with the Nikkei 225 falling 344 yen from the previous close to 62,398 yen.

European markets closed mostly lower on Tuesday, while heavy selling in U.S. semiconductor shares snapped a three-day winning streak for the Nasdaq Composite. The Philadelphia Semiconductor Index (SOX) tumbled more than 3%. This triggered profit-taking in Tokyo-listed chip stocks that had previously propelled the benchmark, capping upside momentum. Market participants remained sidelined ahead of the U.S.-China summit starting May 14, while a rebound in crude oil prices above $100 per barrel and rising global yields also fueled caution.

Source: MINKABU PRESS

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

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