The Nikkei Stock Average fell 260.55 yen to 64,897.64 yen in the morning session on May 26, declining from the previous trading day. Morning volume on the Prime Market was approximately 1.17 billion shares, with a trading value of approximately 5.53 trillion yen. Advancers stood at 779, while decliners numbered 741, with 47 issues unchanged.

In the Tokyo market during the morning session, profit-taking hit leading semiconductor-related shares that had driven the Nikkei Average, pulling the index lower. The benchmark index had surged more than 5,300 yen over the previous three trading days, prompting position adjustments on concerns over the rapid pace of recent gains, though bargain hunting supported the downside. Rebound moves were also seen in construction and real estate shares. Of the 33 industry sectors, 18 rose. While individual stocks were closely balanced, advancers slightly outnumbered decliners by the morning close.

Among individual stocks, Kioxia Holdings <285A>, which again led trading value by a wide margin, declined, while chip equipment makers ADVANTEST CORPORATION <6857> and Tokyo Electron Limited <8035> also fell. Fujikura Ltd. <5803> traded lower. NITTO BOSEKI CO.,LTD. <3110> declined, and Resonac Holdings Corporation <4004> faced selling pressure. SHIBAURA MACHINE CO., LTD. <6104> hit its daily limit-down, and KLab Inc. <3656> plunged. Conversely, SoftBank Group Corp. <9984> and Furukawa Electric Co., Ltd. <5801> attracted buying. IBIDEN CO.,LTD. <4062> also gained. Defense-related shares including Mitsubishi Heavy Industries,Ltd. <7011>, IHI Corporation <7013>, and Kawasaki Heavy Industries,Ltd. <7012> rose. Future Innovation Group, Inc. <4392> surged, and TSUBAKI NAKASHIMA CO.,LTD. <6464> became the top percentage gainer.

Source: MINKABU PRESS

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