Asian Stocks: Japanese stocks fell by 1,034 points or 1.9% in the early market, with export and trading company stocks under pressure, and bank stocks showing weakness

AASTOCKS
2026.01.26 03:10

Japanese stocks significantly declined in the early market, as the New York Federal Reserve's inquiry to the market last Friday (23rd) triggered speculation of coordinated intervention in the yen, leading to a sharp rise in the yen exchange rate and a sell-off of export stocks. The Nikkei average index opened down 823 points and fluctuated downward, once falling 1,066 points to a low of 52,780 points, closing down 1,034 points or 1.9% at 52,812 points.

Export stocks were under pressure, with automotive stocks Toyota (7203.JP) and Nissan (7201.JP) down 3.2% and 3.1%, respectively, while Honda (7267.JP) fell 3.7%. Battery stock Panasonic (6752.JP) dropped 4.8%. Hitachi (6501.JP), Sony (6758.JP), and Shiseido (4911.JP) fell between 3% and 3.6%. Trading companies with overseas assets also weakened, with Itochu (8001.JP) down 2.2%, and Marubeni (8002.JP), Mitsui & Co. (8031.JP), Sumitomo Corporation (8053.JP), and Mitsubishi Corporation (8058.JP) down between 2.7% and 3.5%.

In the artificial intelligence and semiconductor sectors, SoftBank (9984.JP) and Renesas Electronics (6920.JP) fell 4.8% and 2.4%, respectively, while Tokyo Electron (8035.JP) and Kioxia (285A.JP) dropped 1.3% and 1.2%. Advantest (6857.JP) and Discus (6146.JP) fell 0.1% and 0.3%. In the wire sector, Furukawa Electric (5801.JP) rose 3.1%, while Sumitomo Electric (5802.JP) and Fujikura (5803.JP) fell 2.2% and 0.7%. Heavy industry stocks Mitsubishi Heavy Industries (7011.JP) and Kawasaki Heavy Industries (7012.JP) fell 0.8% and 1.8%.

In other stocks, Fast Retailing (9983.JP) fell 1.4%, while banking stocks Mitsubishi UFJ Financial Group (8306.JP), Sumitomo Mitsui Financial Group (8316.JP), and Mizuho Financial Group (8411.JP) fell between 2.3% and 3.1%. Department store stocks Isetan Mitsukoshi (3099.JP) fell 2%. Electric power stock Tokyo Electric Power Company (9501.JP) sold real estate assets, with its stock price down 0.3%.

The yen further rose in the Asian early market, with the dollar against the yen down over 1% at 154

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