--- title: "The Nikkei index closed down 68 points or 0.1%, Kioxia rose over 7%, and Tokyo Electric Power Company was under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/279220364.md" description: "The Nikkei index closed down 68 points or 0.1%, ending at 53,751 points. The market is concerned that military actions by the United States and Israel against Iran may lead to rising oil prices, although investors' bargain hunting has limited the decline. Kioxia's stock price rose 7.4%, while Tokyo Electric Power Company fell 4.8% due to the suspension of operations at its nuclear power plant. Other tech stocks such as SoftBank and Discus saw slight increases, while heavy industry and wire stocks generally declined" datetime: "2026-03-16T07:18:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279220364.md) - [en](https://longbridge.com/en/news/279220364.md) - [zh-HK](https://longbridge.com/zh-HK/news/279220364.md) --- # The Nikkei index closed down 68 points or 0.1%, Kioxia rose over 7%, and Tokyo Electric Power Company was under pressure Japanese stocks were slightly weak, with the market concerned that the prolonged military actions by the United States and Israel against Iran would lead to rising oil prices. However, investors took the opportunity to buy on dips, limiting the market's decline. The Nikkei average opened down 191 points, initially rising 163 points to a high of 53,983 points before retreating, at one point dropping 705 points to a low of 53,113 points. The midday decline narrowed, closing down 68 points or 0.1% at 53,751 points. In the artificial intelligence and semiconductor sectors, SoftBank (9984.JP), Discus (6146.JP), and Raytech (6920.JP) rose by 0.4% to 0.9%, while Advantest (6857.JP) and Tokyo Electron (8035.JP) increased by 2.1%. Memory stock Kioxia (285A.JP) surged by 7.4%. Wire stocks Furukawa Electric (5801.JP) and Fujikura (5803.JP) fell by 4.2% and 3.4%, respectively, while Sumitomo Electric (5802.JP) dropped by 2.3%. Heavy industry stock Kawasaki Heavy Industries (7012.JP) decreased by 1.6%. Metal stocks JX Metals (5016.JP) and Sumitomo Metal Mining (5713.JP) fell by 1.1% and 2.3%. The rare earth concept Mitsui Ocean Development (6269.JP) rose by 5.9%. Tokyo Electric Power Company (9501.JP) fell by 4.8% as Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Plant was suspended, delaying commercial operations. In other stocks, Fast Retailing (9983.JP) dropped by 0.5%, Honda (7267.JP) and Nissan (7201.JP) fell by 1.7% and 3.2%, respectively. Panasonic (6752.JP) decreased by 2.3%, while Sony (6758.JP) and Ryohin Keikaku (7453.JP) fell by 2.1% and 3%. Trading company Itochu (8001.JP) dropped by 1.9%, while Mitsui & Co. (8031.JP) rose by 2.5%. Bank stock Mitsubishi UFJ Financial Group (8306.JP) fell by 0.8%, and department store company Isetan Mitsukoshi (3099.JP) dropped by 3.1%. The exchange rate for the US dollar against the Japanese yen is 159.26 ### Related Stocks - [2525.JP](https://longbridge.com/en/quote/2525.JP.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [1369.JP](https://longbridge.com/en/quote/1369.JP.md) - [9501.JP](https://longbridge.com/en/quote/9501.JP.md) - [1346.JP](https://longbridge.com/en/quote/1346.JP.md) - [6146.JP](https://longbridge.com/en/quote/6146.JP.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) ## Related News & Research - [FACTBOX-From Saudi Aramco to Alibaba: World's biggest IPOs](https://longbridge.com/en/news/287119234.md) - [SoftBank Could Turn OpenAI Into Rocket Fuel For Stargate And Robotics](https://longbridge.com/en/news/286415335.md) - [SoftBank has injected $450 million into this British AI chip company](https://longbridge.com/en/news/286085108.md) - [PREVIEW-SoftBank's OpenAI-related debt in focus as another strong quarter expected](https://longbridge.com/en/news/286027819.md) - [SoftBank Eyes $100 Billion France AI Push](https://longbridge.com/en/news/286001244.md)