Japan Market Daily | Kabutaro & Friends

On October 22, the Nikkei 225 fell sharply on the Tokyo stock market, closing at 62,907.84, down 1,713.40 yen (-2.65%) from the previous day. It was the first close below 63,000 in about three months, and the index ended at its low of the day. The TOPIX also fell 46.23 points to 3,997.50. Lam Research gave a wide outlook range with its earnings and its shares fell in after-hours trading, which spread selling to semiconductor equipment and materials stocks, and the market fell further in the afternoon session. By contribution, Advantest pulled the Nikkei down by about 447 yen, Tokyo Electron by about 359 yen and SoftBank Group by about 256 yen. Of the 33 sectors, 20 declined, led by nonferrous metals, glass and ceramics, and electric appliances, while mining and insurance rose. On the TSE Prime Market, 684 stocks rose and 821 fell, with trading value of 7.06 trillion yen. The dollar weakened against the yen to the low 157 range as of 4 p.m.