Tokyo stocks close down 265 yen as semiconductor-related shares sold off, but gainers account for 70% of issues

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Tue May 19, 2026 4:21 pm JST Market

Tokyo stocks faced selling pressure in heavyweight shares on May 19, with the Nikkei Stock Average weakening after a higher open and at one point testing the 60,200 yen range.

The benchmark Nikkei average closed down 265.36 yen at 60,550.59 yen, declining for a fourth consecutive day. Estimated trading volume on the Prime Market was 2,719.12 million shares, with an estimated turnover of 10.3864 trillion yen. Advancing issues outnumbered decliners 1,116 to 430, with 23 closing unchanged.

In Tokyo trading on May 19, the Nikkei average rose in the morning tracking futures gains but subsequently reversed course. Following sharp declines in U.S. semiconductor shares overnight, high-priced semiconductor manufacturing equipment stocks faced sell-offs, dragging down the index. Kioxia, which drew heavy investor interest a day earlier and closed untraded at its daily limit-high, turned lower, dampening market sentiment. However, banking shares attracted buyers on rising interest rates, helping the broader TOPIX rebound for the first time in four days. Despite selling pressure in the tech sector, buying was notable in domestic demand-oriented issues, driving gains in 27 out of 33 industry sectors. More than 70% of individual listings advanced, with overall trading value again exceeding 10 trillion yen.

Among individual listings, megabanks including Mitsubishi UFJ Financial Group, Inc. <8306> and Sumitomo Mitsui Financial Group, Inc. <8316> advanced, while Recruit Holdings Co.,Ltd. <6098> also saw heavy volume. Nintendo Co., Ltd. <7974> and Sanrio Company, Ltd. <8136> gained. FAST RETAILING CO., LTD. <9983> traded higher, and Tokio Marine Holdings, Inc. <8766> surged. Future Innovation Group, Inc. <4392> hit its daily limit-up for a third consecutive day on a single execution price, while TESS Holdings CO.,Ltd. <5074> also finished at its daily limit. TOKYO BASE Co., Ltd. <3415> and KLab Inc. <3656> surged.

Conversely, Kioxia Holdings, which logged the highest trading value by a wide margin, weakened after a higher opening, while Fujikura Ltd. <5803>, SoftBank Group Corp. <9984>, and Furukawa Electric Co., Ltd. <5801> tumbled. Semiconductor equipment makers, including ADVANTEST CORPORATION <6857> and Tokyo Electron Limited <8035>, declined across the board. Rigaku Holdings hit its daily limit-down, while Harmonic Drive Systems Inc. <6324> and YAMAICHI ELECTRONICS CO.,LTD. <6941> plummeted.

Source: MINKABU PRESS

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