--- title: "The Nikkei Index retraced 587 points or 1% in the half-day session, with declines in trading companies, heavy industry, and banking stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/283084471.md" description: "Japanese stocks fell in the early market, with the Nikkei average index dropping 587 points or 1%, closing at 58,930 points. Trading companies, heavy industries, and bank stocks generally declined, with stocks of trading companies such as Itochu, Sumitomo Corporation, and Mitsubishi Corporation falling between 2% and 3.1%. Heavy industry stocks like Mitsubishi Heavy Industries and Kawasaki Heavy Industries also saw declines, while bank stocks such as Mitsubishi UFJ Financial and Sumitomo Mitsui Financial similarly fell. AI concept and semiconductor stocks performed poorly, with Kioxia and Seiko Instruments dropping 5.7% and 6.3%, respectively" datetime: "2026-04-17T03:07:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283084471.md) - [en](https://longbridge.com/en/news/283084471.md) - [zh-HK](https://longbridge.com/zh-HK/news/283084471.md) --- # The Nikkei Index retraced 587 points or 1% in the half-day session, with declines in trading companies, heavy industry, and banking stocks Japanese stocks fell in the early market, with profit-taking ahead of the weekend. The Nikkei average index opened down 263 points and the decline widened, dropping 587 points or 1% to 58,930 points at midday. In the AI concept and semiconductor stocks, Kioxia (285A.JP) and Seiko (3436.JP) fell 5.7% and 6.3%, while SoftBank (9984.JP), Tokyo Electron (8035.JP), and Renesas Electronics (6920.JP) dropped 3.2% to 3.5%. Advantest (6857.JP) and Discovision (6146.JP) rose 0.6% and 0.1%. Fiber optic stocks Furukawa Electric (5801.JP) and Fujikura (5803.JP) fell 0.4% and 0.7%. In metal stocks, JX Metals (5016.JP) fell 1.4%, Mitsui Mining & Smelting (5706.JP) dropped 2.6%, and Sumitomo Metal Mining (5713.JP) plummeted 7.1%. In the rare earth sector, Mitsui Ocean Development (6269.JP) fell 2.7%. Trading companies Itochu (8001.JP) and Sumitomo Corporation (8053.JP) fell 2%, Mitsubishi Corporation (8058.JP) dropped 2.6%, and Mitsui & Co. (8031.JP) and Marubeni (8002.JP) fell 3% and 3.1%. In heavy industry stocks, Mitsubishi Heavy Industries (7011.JP) fell 3.3%, Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) dropped 2.5% and 2.6%. In banking stocks, Mitsubishi UFJ Financial (8306.JP) fell 3.3%, Mitsui Sumitomo Financial (8316.JP) and Mizuho Financial (8411.JP) dropped 2.2% and 2.4%, while insurance stocks Dai-ichi Life (8750.JP) fell 3.1%. In other stocks, Fast Retailing (9983.JP) fell 0.4%, Nintendo (7974.JP) rose 3.5%, while Ryohin Keikaku (7453.JP) and Sanrio (8136.JP) fell 2.4% and 2.3%. The exchange rate of the US dollar against the Japanese yen is 159.37 ### Related Stocks - [8001.JP](https://longbridge.com/en/quote/8001.JP.md) - [7012.JP](https://longbridge.com/en/quote/7012.JP.md) - [7011.JP](https://longbridge.com/en/quote/7011.JP.md) - [SMFG.US](https://longbridge.com/en/quote/SMFG.US.md) - [8058.JP](https://longbridge.com/en/quote/8058.JP.md) - [8053.JP](https://longbridge.com/en/quote/8053.JP.md) - [MUFG.US](https://longbridge.com/en/quote/MUFG.US.md) - [1329.JP](https://longbridge.com/en/quote/1329.JP.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) - [3436.JP](https://longbridge.com/en/quote/3436.JP.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [8035.JP](https://longbridge.com/en/quote/8035.JP.md) - [6920.JP](https://longbridge.com/en/quote/6920.JP.md) - [6857.JP](https://longbridge.com/en/quote/6857.JP.md) - [6146.JP](https://longbridge.com/en/quote/6146.JP.md) - [5801.JP](https://longbridge.com/en/quote/5801.JP.md) - [5803.JP](https://longbridge.com/en/quote/5803.JP.md) - [5706.JP](https://longbridge.com/en/quote/5706.JP.md) - [5713.JP](https://longbridge.com/en/quote/5713.JP.md) - [6269.JP](https://longbridge.com/en/quote/6269.JP.md) - [8031.JP](https://longbridge.com/en/quote/8031.JP.md) - [8002.JP](https://longbridge.com/en/quote/8002.JP.md) - [7013.JP](https://longbridge.com/en/quote/7013.JP.md) - [8306.JP](https://longbridge.com/en/quote/8306.JP.md) - [8316.JP](https://longbridge.com/en/quote/8316.JP.md) - [8411.JP](https://longbridge.com/en/quote/8411.JP.md) - [8750.JP](https://longbridge.com/en/quote/8750.JP.md) - [9983.JP](https://longbridge.com/en/quote/9983.JP.md) - [7974.JP](https://longbridge.com/en/quote/7974.JP.md) - [7453.JP](https://longbridge.com/en/quote/7453.JP.md) - [8136.JP](https://longbridge.com/en/quote/8136.JP.md) - [TOELY.US](https://longbridge.com/en/quote/TOELY.US.md) - [LSRCY.US](https://longbridge.com/en/quote/LSRCY.US.md) - [ITOCY.US](https://longbridge.com/en/quote/ITOCY.US.md) - [MTSUY.US](https://longbridge.com/en/quote/MTSUY.US.md) - [MARUY.US](https://longbridge.com/en/quote/MARUY.US.md) - [KWHIY.US](https://longbridge.com/en/quote/KWHIY.US.md) - [MFG.US](https://longbridge.com/en/quote/MFG.US.md) - [06288.HK](https://longbridge.com/en/quote/06288.HK.md) - [FRCOY.US](https://longbridge.com/en/quote/FRCOY.US.md) - [NTDOY.US](https://longbridge.com/en/quote/NTDOY.US.md) ## Related News & Research - [MHIEC Receives Waste Treatment Technology Verification Report from JESC for Its Fluidized Bed-type Gasification and Reforming System](https://longbridge.com/en/news/286738962.md) - [Top-rated air cons in Hong Kong vary by 33% in cooling efficiency, watchdog finds](https://longbridge.com/en/news/286366532.md) - [JAPAN'S NIKKEI AVERAGE FUTURES DECLINE 0.2% IN INITIAL TRADING](https://longbridge.com/en/news/286979163.md) - [Asia Naphtha/Gasoline-Naphtha margin extends fall after Brent gains](https://longbridge.com/en/news/286758401.md) - [Mitsubishi UFJ Financial Group Q4 Earnings Call Highlights](https://longbridge.com/en/news/286936677.md)