Tokyo stocks extend losses at midday as semiconductor-related shares weigh

The Nikkei Stock Average fell 261.60 yen to 66,050.33 yen at the midday close, extending losses for a second straight session. Morning volume on the Prime Market stood at about 1.10 billion shares, with turnover estimated at 3.58 trillion yen. Advancers numbered 817, while decliners stood at 692, with 47 stocks unchanged.

Tokyo stocks traded directionlessly in the morning, with the Nikkei oscillating within a narrow range. The index briefly turned positive after an early decline, but slipped back into negative territory through the morning close. Sentiment was weighed down by overnight losses across major U.S. benchmarks, rising crude prices amid Middle East uncertainty, and growing caution over rising long-term yields. Outside semiconductor-related shares, however, gains were widespread, with advancers exceeding 800 at the midday close to form a majority of listed stocks. TOPIX remained resilient, extending gains to a ninth straight session at the midday close.

Among individual stocks, ADVANTEST CORPORATION <6857> traded lower, while Tokyo Electron Limited <8035> and DISCO CORPORATION <6146> lost ground. FAST RETAILING CO., LTD. <9983> came under selling pressure, while Recruit Holdings Co., Ltd. <6098> declined. VECTOR INC. <6058>, Meiko Electronics Co., Ltd. <6787>, and Net Protections Holdings, Inc. <7383> posted sharp losses. TAIYO YUDEN CO., LTD. <6976> and Murata Manufacturing Co., Ltd. <6981> held firm, while NEC Corporation <6701> and TOYOTA MOTOR CORPORATION <7203> drew buying. Nintendo Co., Ltd. <7974> traded steadily higher, while JX Advanced Metals Corporation <5016> showed resilience. SQUARE ENIX HOLDINGS CO., LTD. <9684> surged, Kyushu Electric Power Company, Incorporated <9508> jumped, and RACCOON HOLDINGS, Inc. <3031> drew speculative buying.

Source: MINKABU PRESS

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