Nikkei 225 closes 0.92 percent lower as chip rally reverses
Published on 10/07/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The Nikkei 225 closed at 70,035.71 points on October 7, 2026, down 648.27 points, or 0.92 percent, as Xinhua reported profit-taking after the recent rally and selling in AI and semiconductor shares.
Course of the session
The decline followed the index's move above 70,000 earlier in the week. The Nikkei 225 stayed above that level at the close, while the broader Topix index fell 0.70 percent to 4,154.11 points, according to Xinhua.
Drivers and single stocks
Profit-taking was concentrated in recent market leaders. Reuters reported that Tokyo Electron fell 2.38 percent and Kioxia Holdings dropped 4.46 percent. Advantest declined 1.34 percent, while SoftBank Group rose 0.24 percent, according to QNA.
Market breadth was negative: 62 percent of more than 1,500 stocks on the Tokyo Stock Exchange's Prime Market fell, while 33 percent rose, Reuters said.
Events of the next session
The Cabinet Office is scheduled to release Japan's September Eco Watchers' Survey at 2:00 p.m. JST on October 8, 2026, according to Mace News. The survey will provide the next scheduled domestic sentiment indicator for the Tokyo market.
