Japan Market Daily | Kabutaro & Friends

On October 15, the Nikkei 225 fell for a sixth straight session, closing down 3,318.34 yen (-4.90%) at 64,425.95. It was the third-largest point drop on record, and the index fell as low as 64,092.74 during the session, breaking below the 65,000 mark. The TOPIX also dropped 97.44 points (-2.38%) to 3,999.34, slipping below 4,000. After the U.S. September consumer price index came in above expectations and strengthened expectations of further rate hikes, the U.S. semiconductor index fell 4.30%, and selling concentrated in high-priced Japanese chip stocks. By contribution, Advantest fell about 15% and alone dragged the index down by about 1,303 yen. By sector, pharmaceuticals, real estate, and retail rose, while nonferrous metals and electrical appliances fell. Turnover on the TSE Prime Market swelled to 10.1401 trillion yen. In Tokyo forex trading, the dollar stood around 157.87 yen as of 5 p.m.