Nikkei 225 — daily market movers
Macro backdrop
The Nikkei 225 fell about 1.82%. Tokyo returned from Monday's Sports Day holiday into a global risk-off wave: US–China trade tensions (a fresh Trump tariff threat on China) and a spreading Wall Street chip selloff hammered semiconductor and AI-related shares across Asia, with heavy profit-taking after a strong AI run. The weakness was concentrated in chips and AI names, while value and defensive sectors held up.
Top 10 gainers
| # | Ticker | Company / business | Change | Likely Driver |
|---|---|---|---|---|
| 1 | 7532.T | Pan Pacific International Holdings Operates the Don Quijote discount retail store chain across Japan and Asia | +4.01% | Defensive consumer-retail bid as money rotated out of tech into domestic-demand names; no standalone catalyst on the day. |
| 2 | 6302.T | Sumitomo Heavy Industries Makes heavy machinery, reduction gears, construction equipment and precision machines | +3.79% | Caught the rotation into value and cyclical machinery names; no stock-specific catalyst. |
| 3 | 9107.T | Kawasaki Kisen (K Line) Global marine shipping line operating container, dry-bulk and car carriers | +3.53% | Broad strength in shipping stocks as risk-off money rotated from tech into cyclical value names. |
| 4 | 9104.T | Mitsui O.S.K. Lines Major global shipping company operating tankers, bulk carriers and LNG vessels | +3.51% | Shipping sector rallied together as defensive and value money flowed in during the chip selloff. |
| 5 | 6103.T | Okuma Makes CNC machine tools including lathes, machining centers and controls | +3.34% | Value machine-tool name picked up rotational inflows; no standalone news. |
| 6 | 8002.T | Marubeni Diversified trading house spanning energy, food, metals and power | +3.13% | Trading houses favored by value and defensive buyers as the sector rose broadly. |
| 7 | 5019.T | Idemitsu Kosan Japan's No.2 oil refiner, active in petroleum, petrochemicals and fuel retail | +3.02% | Refiner drew defensive buying during the tech-driven risk-off; no company-specific catalyst. |
| 8 | 8630.T | Sompo Holdings Large Japanese insurance group in property-casualty and life insurance | +3.00% | Insurer gained on the value and defensive rotation and supportive rate expectations. |
| 9 | 8001.T | Itochu Top-tier trading house across textiles, food, energy and machinery | +2.97% | Lead trading house drew value inflows, with the Buffett-stake theme still in play. |
| 10 | 7272.T | Yamaha Motor Makes motorcycles, marine outboard engines and recreational vehicles | +2.93% | Rotation into value consumer and industrial names; no standalone catalyst. |
- 1. 7532.T+4.01%Pan Pacific International HoldingsOperates the Don Quijote discount retail store chain across Japan and AsiaDefensive consumer-retail bid as money rotated out of tech into domestic-demand names; no standalone catalyst on the day.
- 2. 6302.T+3.79%Sumitomo Heavy IndustriesMakes heavy machinery, reduction gears, construction equipment and precision machinesCaught the rotation into value and cyclical machinery names; no stock-specific catalyst.
- 3. 9107.T+3.53%Kawasaki Kisen (K Line)Global marine shipping line operating container, dry-bulk and car carriersBroad strength in shipping stocks as risk-off money rotated from tech into cyclical value names.
- 4. 9104.T+3.51%Mitsui O.S.K. LinesMajor global shipping company operating tankers, bulk carriers and LNG vesselsShipping sector rallied together as defensive and value money flowed in during the chip selloff.
- 5. 6103.T+3.34%OkumaMakes CNC machine tools including lathes, machining centers and controlsValue machine-tool name picked up rotational inflows; no standalone news.
- 6. 8002.T+3.13%MarubeniDiversified trading house spanning energy, food, metals and powerTrading houses favored by value and defensive buyers as the sector rose broadly.
- 7. 5019.T+3.02%Idemitsu KosanJapan's No.2 oil refiner, active in petroleum, petrochemicals and fuel retailRefiner drew defensive buying during the tech-driven risk-off; no company-specific catalyst.
- 8. 8630.T+3.00%Sompo HoldingsLarge Japanese insurance group in property-casualty and life insuranceInsurer gained on the value and defensive rotation and supportive rate expectations.
- 9. 8001.T+2.97%ItochuTop-tier trading house across textiles, food, energy and machineryLead trading house drew value inflows, with the Buffett-stake theme still in play.
- 10. 7272.T+2.93%Yamaha MotorMakes motorcycles, marine outboard engines and recreational vehiclesRotation into value consumer and industrial names; no standalone catalyst.
Common Themes
Nine of the ten gainers are classic value and defensive names: shipping lines (K Line, Mitsui O.S.K. plus the broader marine bid), trading houses (Marubeni, Itochu), an insurer (Sompo), a refiner (Idemitsu), machinery (Sumitomo Heavy, Okuma) and defensive consumer/retail (Pan Pacific, Yamaha Motor). None had a standalone catalyst; the common thread is a rotation out of AI and semiconductors into cyclical value and defensives as the tech trade unwound.
Top 10 losers
| # | Ticker | Company / business | Change | Likely Driver |
|---|---|---|---|---|
| 1 | 285A.T | Kioxia Holdings Leading maker of NAND flash memory chips and solid-state drives | -13.28% | Memory-chip maker fell hardest as the global semiconductor selloff hit NAND names, with sharp profit-taking after a strong run. |
| 2 | 3436.T | SUMCO Makes silicon wafers used as the substrate material for semiconductors | -8.64% | Silicon-wafer supplier dragged down with the chip complex in the broad selloff. |
| 3 | 9984.T | SoftBank Group Tech investment holding company owning Arm and large AI-related stakes | -8.50% | AI-exposed bellwether hit by the tech selloff, with notable profit-taking. |
| 4 | 4062.T | Ibiden Makes advanced IC package substrates and electronic ceramic components | -7.77% | IC-substrate maker slid with the AI supply chain as chip names sold off. |
| 5 | 4004.T | Resonac Holdings Chemicals company supplying semiconductor materials and petrochemicals | -7.57% | Semiconductor-materials name fell with the chip sector. |
| 6 | 6963.T | Rohm Semiconductor maker focused on power devices, ICs and electronic components | -7.46% | Chipmaker dropped amid the global semiconductor rout. |
| 7 | 8035.T | Tokyo Electron Leading maker of semiconductor and display production equipment | -7.15% | Chip-equipment leader fell sharply with the sector selloff. |
| 8 | 6526.T | Socionext Designs custom SoC chips for automotive, data-center and networking uses | -6.90% | Custom-chip designer retreated with the semiconductor group. |
| 9 | 5803.T | Fujikura Makes electrical cables and optical fiber, tied to data-center demand | -6.34% | AI data-center favorite saw profit-taking, sliding with tech shares. |
| 10 | 7735.T | Screen Holdings Makes semiconductor cleaning, coating and wafer-processing equipment | -6.32% | Chip-equipment name declined with the sector selloff. |
- 1. 285A.T-13.28%Kioxia HoldingsLeading maker of NAND flash memory chips and solid-state drivesMemory-chip maker fell hardest as the global semiconductor selloff hit NAND names, with sharp profit-taking after a strong run.
- 2. 3436.T-8.64%SUMCOMakes silicon wafers used as the substrate material for semiconductorsSilicon-wafer supplier dragged down with the chip complex in the broad selloff.
- 3. 9984.T-8.50%SoftBank GroupTech investment holding company owning Arm and large AI-related stakesAI-exposed bellwether hit by the tech selloff, with notable profit-taking.
- 4. 4062.T-7.77%IbidenMakes advanced IC package substrates and electronic ceramic componentsIC-substrate maker slid with the AI supply chain as chip names sold off.
- 5. 4004.T-7.57%Resonac HoldingsChemicals company supplying semiconductor materials and petrochemicalsSemiconductor-materials name fell with the chip sector.
- 6. 6963.T-7.46%RohmSemiconductor maker focused on power devices, ICs and electronic componentsChipmaker dropped amid the global semiconductor rout.
- 7. 8035.T-7.15%Tokyo ElectronLeading maker of semiconductor and display production equipmentChip-equipment leader fell sharply with the sector selloff.
- 8. 6526.T-6.90%SocionextDesigns custom SoC chips for automotive, data-center and networking usesCustom-chip designer retreated with the semiconductor group.
- 9. 5803.T-6.34%FujikuraMakes electrical cables and optical fiber, tied to data-center demandAI data-center favorite saw profit-taking, sliding with tech shares.
- 10. 7735.T-6.32%Screen HoldingsMakes semiconductor cleaning, coating and wafer-processing equipmentChip-equipment name declined with the sector selloff.
Common Themes
The losers are almost entirely a single theme: semiconductors and the AI hardware supply chain. Memory (Kioxia, the day's worst), silicon wafers (SUMCO), chip-making equipment (Tokyo Electron, Screen Holdings), IC substrates (Ibiden), semiconductor materials (Resonac), chipmakers (Rohm, Socionext), the AI-investment bellwether SoftBank, and data-center connectivity (Fujikura) all fell together. The common driver was the global chip rout — US–China trade tensions and a spreading Wall Street semiconductor selloff — amplified by profit-taking after a strong AI run.
Overall read
Money rotated decisively out of the AI and semiconductor complex into cyclical value and defensives. The chip supply chain — memory, equipment, materials and SoftBank — bore the brunt of a global tech selloff, while shipping, trading houses, insurers, refiners and domestic retail absorbed the inflows. It reads as a risk-off, de-grossing day in the crowded AI trade rather than a Japan-specific story.