Japan Market Daily | Kabutaro & Friends

On October 19, the Nikkei 225 fell back, closing down 407.59 yen (-0.62%) from the previous week at 64,916.70. The TOPIX, by contrast, rose 1.48 points to 4,067.48, extending its gain slightly. After the Philadelphia Semiconductor Index fell sharply in the U.S. at the end of last week, and with higher oil prices and concerns over AI investment adding to the pressure, selling led by semiconductor stocks dominated early trading, and the index fell as low as 63,831.78. In the afternoon, buying in futures narrowed the losses. By contribution, five stocks including Tokyo Electron, Fast Retailing and SoftBank Group dragged the index down by about 418 yen, while five stocks including Recruit Holdings and Kioxia lifted it by about 94 yen. Twenty-one of the 33 sectors rose; mining, marine transportation, and oil and coal products gained on higher oil prices, while nonferrous metals and electric appliances fell. On the TSE Prime Market, 621 stocks rose and 873 fell, and turnover was 6.7835 trillion yen.