Tokyo Stock Market Drops as Semiconductor Stocks Weigh on Nikkei Average

Tokyo Stock Market Faces Decline as Semiconductor Stocks Weaken

On September 19th, the Nikkei Stock Average dropped significantly to 33,129.23 yen at the Tokyo stock market, down by 403.86 yen from the previous business day. The fall in semiconductor stocks in the US market during the holidays had a ripple effect on domestic semiconductor-related stocks. However, there was some support for the index due to the search for high dividend stocks.

The Nikkei Stock Average experienced a gradual widening of its decline, falling by 404 yen to 33,128.86 yen. This decline can be attributed to the weakness in semiconductor-related stocks such as Tokyo Electron (8035.T) and Advantest (6857.T), as well as major contributors to the index like Fast Retailing (9983.T) and SoftBank Group (9984.T).

While the TOPIX Growth Index dropped by 1.3%, the Value Index managed to stay slightly positive, largely due to the performance of value stocks. The decline in TOPIX was limited to just 0.5% compared to the average decline of 1.2% in the Nikkei.

Among the top industries that saw price increases were transportation equipment, shipping, banking, and steel. This led to the perception that investors were seeking high dividend stocks. Analysts from domestic securities firms suggest that this could be seen as a buying opportunity as the end of the half-year period approaches. Masayuki Otani, head of research and information at Securities Japan, referred to this progress as a pace adjustment based on last week’s trends.

At the end of the morning session, TOPIX closed at 2,414.69 points, indicating a decrease of 0.56%. The trading value on the TSE primary market reached 2,125,032 million yen. Out of the 33 industries on the TSE, 13 industries observed price increases, while 20 industries experienced a decline.

Recruit HLDG (6098.T) and Keyence (6861.T) showed weakness, while Shin-Etsu Chemical (4063.T) did not perform well. However, Honda (7267.T) and Tokio Marine HLDG (8766.T) reached new year highs. Sumitomo Mitsui FG (8316.T) remained strong.

In terms of the number of rises and falls in the TSE prime market, 634 stocks rose (34%), 1,126 stocks fell (61%), and 75 stocks remained unchanged (4%).

Related Content:

For further information, please refer to the “Related Content” menu on the right side of the screen.

By [author’s name]

Our Standards: The Thomson Reuters Trust Principles.

On the morning of September 19th, the Nikkei Stock Average fell to 33,129.23 yen on the Tokyo stock market, down 403.86 yen from the previous business day. Photo taken in October 2020 at the Tokyo Stock Exchange in Tokyo (2023 Reuters / Kim Kyung-Hoon)

TOKYO (Reuters) – In Tokyo’s morning stock market, the Nikkei average fell 403.86 yen from the previous business day to 33,129.23 yen. The fall in semiconductor stocks in the US market during the holidays had a ripple effect on domestic semiconductor-related stocks. On the other hand, the search for high dividend stocks was evident, supporting the index.

The Nikkei Stock Average fell 236 yen, but gradually widened its decline, falling 404 yen to 33,128.86 yen. Semiconductor-related stocks such as Tokyo Electron (8035.T) and Advantest (6857.T) were mostly weak, pushing the index down. Fast Retailing (9983.T) and SoftBank Group (9984.T), which have high index contributions, were also weak.

While the TOPIX Growth Index was down 1.3%, the Value Index was slightly positive, with value stocks leading the way. There were times when the TOPIX turned positive, but the decline was limited to only 0.5%, compared to the Nikkei’s average decline of 1.2%.

In addition to buying some large stocks such as transportation equipment, shipping, banking and steel were among the top industries in terms of price increases, leading to the perception that “people are looking for high dividend stocks” (analyst domestic securities). I was asked. “Some people may see this as the last buying opportunity towards the end of the half year period. Based on last week’s progress, I think it can be seen as a pace adjustment,” said Masayuki Otani, head of research and information at Securities Japan.

TOPIX closed the morning session at 2,414.69 points, down 0.56%. The trading value on the TSE primary market was 2,125,032 million yen. Of the 33 industries on the TSE, 13 industries saw price increases, including transportation, mining and transportation equipment, while prices fell in 20 industries, including precision equipment, electrical equipment, and services.

Recruit HLDG (6098.T) and Keyence (6861.T) are weak. Shin-Etsu Chemical (4063.T) did not perform well. On the other hand, Honda (7267.T) and Tokio Marine HLDG (8766.T) hit new year highs so far. Sumitomo Mitsui FG (8316.T) was firm.

In terms of the number of rises and falls in the TSE prime market, 634 stocks rose (34%), 1,126 stocks fell (61%), and 75 stocks remained unchanged (4%).

* For related information, see the “Related Content” menu on the right side of the screen.

Our Standards: The Thomson Reuters Trust Principles.

#Nikkei #average #falls #morning #drop #semiconductor #stocks #ripple #effect #people #high #dividend #stocks #Reuters