Tokyo stocks close 162 yen lower as semiconductor-related stocks see profit-taking, ending 4-day winning streak

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Tue May 26, 2026 4:23 pm JST Market

Profit-taking in chip-related shares pulled the Nikkei average lower in Tokyo trading on May 26, though robust dip-buying limited the downside, underscoring underlying market resilience.

The benchmark Nikkei 225 index closed down 162.10 yen at 64,996.09, snapping a three-day winning streak. Estimated volume on the Prime Market was 2.37 billion shares, with a turnover of 9.81 trillion yen. Decliners outnumbered advancers 816 to 698, with 54 issues ending unchanged.

The market remained range-bound throughout the session as investors balanced profit-taking against positive domestic cues. After the index surged more than 5,300 yen over the previous three sessions, near-term position-adjustment pressure was widely anticipated. Heavyweight SoftBank Group Corp. <9984> provided a major buffer, lifting the index by over 600 yen amid speculation surrounding an OpenAI U.S. IPO filing. While the Nikkei briefly turned positive, a slump in leading chip shares dragged the broader market down. Downside support also emerged from optimism over progressing peace talks regarding the Iran conflict. The index trimmed its losses in afternoon trading, though decliners expanded across the board, and total turnover fell just short of the 10 trillion yen mark.

Among individual stocks, Kioxia Holdings <285A> saw massive trading volume but succumbed to profit-taking. Chip equipment giants floundered, with Advantest Corporation <6857>, Lasertec Corporation <6920>, and Tokyo Electron Limited <8035> all closing lower. Fujikura Ltd. <5803> and Nitto Boseki Co., Ltd. <3110> lost ground, while Resonac Holdings Corporation <4004>, TDK Corporation <6762>, and Mitsubishi Corporation <8058> traded soft. KLab Inc. <3656> topped the decliners list, accompanied by deep losses in Shibaura Machine Co., Ltd. <6104> and Archion <543A>.

Conversely, SoftBank Group Corp. <9984> jumped on heavy volume, and Furukawa Electric Co., Ltd. <5801> saw strong buying interest. Mitsubishi Heavy Industries, Ltd. <7011> held firm, while defense-related plays IHI Corporation <7013> and Kawasaki Heavy Industries, Ltd. <7012> advanced in tandem. Renesas Electronics Corporation <6723> posted solid gains. Tsubaki Nakashima Co., Ltd. <6464> locked at its daily limit-up to lead the gainers, while Asteria Corporation <3853>, Future Innovation Group, Inc. <4392>, Mitsui High-tec, Inc. <6966>, and Nippon Chemical Industrial Co., Ltd. <4092> all surged.

Source: MINKABU PRESS

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