Nikkei fell 666 points or 1.4%, semiconductor stocks generally retreated, while heavy industry stocks rose against the trend

AASTOCKS
2025.10.23 07:28

Japanese stocks fluctuated for several consecutive days, influenced by the decline of U.S. technology stocks on the night of the 22nd, leading to a sell-off of Japanese semiconductor-related stocks, although some investors stepped in at lower levels. The Nikkei index opened down 441 points this morning (23rd) and the decline widened, dropping as much as 908 points in the afternoon to a low of 48,399 points, closing down 666 points or 1.4% at 48,641 points.

AI concept and semiconductor stocks retraced, with SoftBank (9984.JP) and Seiko (3436.JP) falling 4.7% and 5.2%, respectively. Tokyo Electron (8035.JP), Discus (6146.JP), and Nvidia supplier Advantest (6857.JP) dropped between 3.3% and 3.8%, while Raytech (6920.JP) fell 2.3%, and Kioxia (285A.JP) rose 0.8%.

Electricity stocks saw Tokyo Electric Power Company (9501.JP) decline by 1.7%. Wire stocks such as Furukawa Electric (5801.JP) fell 0.4%, while Fujikura (5803.JP) rose 1.8%. Heavy industry stocks like Mitsubishi Heavy Industries (7011.JP) increased by 2.4%, and Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) rose 8.3% and 4.3%, respectively. Automotive stocks Toyota (7203.JP) and Honda (7267.JP) fell 0.4% and 1.5%, while battery stock Panasonic (6752.JP) dropped 0.9%. JX Metals (5016.JP) fell 2.9%.

Toyo Engineering (6330.JP) continued to rise by 1.3%, as the U.S. and Australia reached a rare earth agreement, with the market anticipating that Toyo Engineering, which is developing deep-sea rare earth extraction technology, could participate, triggering a limit-up for the stock yesterday. In other stocks, Fast Retailing (9983.JP), Sony (6758.JP), and Nintendo (7974.JP) fell between 0.2% and 0.4%, while Mitsubishi UFJ Financial Group (8306.JP) and Hitachi (6501.JP) dropped 0.8% and 0.9%, respectively. IP operator Sanrio (8136.JP) fell 3%, while Rakuten Group (4755.JP) rose 0.6%.

The Japanese yen fell nearly 0.4% during the Asian session, with the dollar rising to 152.37 yen

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