JAPAN MARKET DESK · OCTOBER 21, 2026 · 12:00 JSTHomeJapaneseOctober 21 News
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JAPAN MARKET DESK · TOKYO MARKET ARCHIVE
Wednesday, October 21, 2026 · 12:00 JSTOctober 20 final close + October 21 morning session
Semiconductor-led rebound / Nikkei morning close +1.17%October 21 TOPIX at 10:30 is intraday, not a confirmed morning close.
JAPAN MARKET DESK

Tokyo rebounds after Tuesday’s chip-led decline

October 20 confirmed closes meet October 21 morning trading, with chip shares and index concentration back in focus.

東京市場を描いたJapan Market Desk編集イラスト
2026-10-21 · 12:00 JST · Oct 20 close + Oct 21 midsession

Tokyo Rebounds 748 Points by Lunch After Tuesday’s 841-Point Slide

October 20 closed with the Nikkei at 64,075.42 (down 1.30%) and TOPIX at 4,009.21 (down 1.43%). The Nikkei rebounded to 64,823.55 (up 1.17%) at the October 21 morning close; TOPIX was 4,060.05 (up 1.27%) at 10:30 a.m., an intraday quote.

Nikkei · Oct 20 close64,075.42Final · −1.30%
TOPIX · Oct 20 close4,009.21Final · −1.43%
Nikkei · Oct 21 morning64,823.5511:30 close · +1.17%
TOPIX · Oct 21, 10:304,060.05Intraday · +1.27%

This is market journalism, not investment advice. Data checked October 21, 12:00 JST / October 20, 20:00 PDT.

Report history

60 reports

October 21, 2026 · 12:00 JST · October 20 close + October 21 midsession

Tokyo Rebounds 748 Points by Lunch After Tuesday’s 841-Point Slide

October 20 closed with the Nikkei at 64,075.42 (down 1.30%) and TOPIX at 4,009.21 (down 1.43%). The Nikkei rebounded to 64,823.55 (up 1.17%) at the October 21 morning close; TOPIX was 4,060.05 (up 1.27%) at 10:30 a.m., an intraday quote.

Advantest (6857) · chips · reboundOct 20 final · Oct 21 TOPIX 10:30 intraday
October 20, 2026 · 12:40 JST · Oct 19 close + Oct 20 midsession

Tokyo Markets: October 19 Close and October 20 Midday AI Selling

October 19 finished with the Nikkei at 64,916.70 (down 0.62%) and TOPIX at 4,067.48 (up 0.04%). At 9:46 a.m. October 20, intraday quotes showed the Nikkei at 64,176.81 (down 1.14%) and TOPIX at 4,025.78 (down 1.03%). October 20 morning closes were unverified.

AI chips · index divergence · yen and JGBsOct 19 final · Oct 20 9:46 intraday
2026-10-19 · 12:00 JST · Noon midsession

Tokyo Stocks Slide as AI and Chip Shares Come Under Pressure: October 19 Midsession

Tokyo stocks came under selling pressure in AI and semiconductor shares on October 19. A publicly reported 9:20 a.m. Nikkei quote indicated 64,023.59, down 1.99% from the previous close. This is a delayed morning quote, not a verified 11:30 a.m. close.

AI chips · index concentration · yen and ratesDelayed quote · morning close unverified
2026 Oct 17 · Historical market report

Weekly Review: Nikkei Drops 5.37% While TOPIX Loses 0.95%

Tokyo was closed on October 12. Across October 13–16, the Nikkei lost 5.37% to 65,324.29 and TOPIX declined 0.95% to 4,066.00. Selling in heavyweight AI and chip stocks outweighed Friday's recovery.

AI chipsMarket concentrationWeekly review
2026 Oct 16 · Historical market report

After a 3,318-Point Nikkei Plunge, Tokyo Faces Another Morning of Uncertainty

The October 15 final close put the Nikkei at 64,425.95, down 4.90%, and TOPIX at 3,999.34, down 2.38%. An independently verified October 16 morning close was unavailable; the analysis separates confirmed prices from intraday observations.

AI semiconductorsRatesPrevious close verified
2026 Oct 15 · Historical market report

Tokyo Turns From a Modest Decline to Heavy AI Selling

On October 14 the Nikkei closed at 67,744.29, down 0.05%, while TOPIX fell 0.34% to 4,096.78. A public October 15 quote at 10:31 a.m. showed the Nikkei near 65,007, about 4% lower; it was not a final morning close.

AI sellingUS inflationIntraday quote
2026 Oct 14 · Historical market report

Nikkei Falls 1.82% Even as More Prime-Market Stocks Rise

The Nikkei finished October 13 at 67,777.52, down 1.82%, while TOPIX rose 0.14% to 4,110.67. An October 14 morning snapshot showed a Nikkei rebound around 68,054; the report distinguishes intraday figures from confirmed closes.

Index divergenceSemiconductorsMidsession
2026 Oct 13 · Historical market report

Chip Selling Hits Tokyo After the Sports Day Holiday

Tokyo cash equities were closed October 12. On October 13 the Nikkei opened at 68,564.85 and a timestamped 9:38 a.m. public quote showed 67,684.92. The exact morning closes for both indexes had not been independently established.

Holiday reopeningChip stocksMorning quote
2026 Oct 12 · Historical market report

Tokyo Closes for Sports Day: Yen, Rates and AI Set the Next Opening

There was no Tokyo cash trading on October 12. The October 9 closes were 69,030.92 for the Nikkei and 4,104.81 for TOPIX. The holiday setup reviews currencies, bond yields, oil and technology sentiment ahead of October 13.

Market holidayYenNext-open setup
2026 Oct 10 · Historical market report

Weekly Review: Nikkei Ends at 69,030 After Retreating From 70,000

For October 5–9 the Nikkei gained about 1.06% to 69,030.92, while TOPIX gained roughly 0.34% to 4,104.81. Early strength in AI and chips collided with funding costs, oil prices and bond yields; Advantest was the featured mover.

Advantest 6857AI chipsWeekly review
2026 Oct 09 · Historical market report

Nikkei Falls to 69,042 as AI, Oil and Rates Weigh on Tokyo

October 8 closes: Nikkei 69,042.11, down 1.42%; TOPIX 4,090.19, down 1.54%. BOJ USD/JPY reference was 158.18–19, with the 10-year JGB yield at 3.091%. SoftBank Group fell 4.28% to ¥6,040.

SoftBank 9984Oil and ratesConfirmed close
2026 Oct 08 · Historical market report

Nikkei Retreats but Holds 70,000 as Chip Stocks Lose Ground

October 7 closes: Nikkei 70,035.71, down 0.92%; TOPIX 4,154.11, down 0.70%. Tokyo Electron fell 2.38% to ¥12,500; the 10-year JGB yield was near 3.11%.

Tokyo Electron 8035Profit takingConfirmed close
2026 Oct 07 · Historical market report

Nikkei Regains 70,000 as AI Gains Meet 3% Bond Yields

On October 6 the Nikkei closed at 70,683.98, up 1.05%, and TOPIX at 4,183.56, up 0.92%. Advantest rose 3.85% to ¥41,850. October 7's early yen reference was 158.28 per dollar.

Advantest 6857AI chipsRates
2026 Oct 06 · Historical market report

Tokyo Holds Above 70,000 After Monday's 2.40% Rally

October 5 closes: Nikkei 69,946.86, up 2.40%; TOPIX 4,145.22, up 1.33%. A pre-noon October 6 public quote showed the Nikkei at 70,251.44; USD/JPY was about 157.9 and the 10-year JGB yield near 3.105%.

AdvantestAI rallyMidsession
2026 Oct 05 · Historical market report

Nikkei Tops 70,000 in the Morning, Led by Advantest

The Nikkei's October 5 morning close reached 70,037.61, up 2.53%. A timestamped TOPIX reading at 11:03 a.m. showed 4,130.73, up 0.97%. Advantest led positive Nikkei point contributions.

Advantest 685770,000 milestoneMorning close
2026 Oct 03 · Historical market report

Weekly Review: Nikkei Gains 2.93% but TOPIX Loses 0.91%

The Nikkei gained 2.93% over the week to 68,309.46, while TOPIX lost 0.91% to 4,091.00. Semiconductor enthusiasm lifted the price-weighted index despite pressure from Tokyo inflation, 3% JGB yields and oil above $100.

AI concentrationMarket breadthWeekly review
2026 Oct 02 · Historical market report

Tokyo Pulls Back After a Semiconductor-Led Surge

October 1 closes: Nikkei 68,956.72, up 3.30%; TOPIX 4,131.98, up 0.57%. The Nikkei slipped roughly 1% the following morning as Tokyo core inflation accelerated to 2.7% and the 10-year JGB yield hovered around 3.05%.

Advantest 6857Tokyo CPIMidsession
2026 Oct 01 · Historical market report

Semiconductor Stocks Lift the Nikkei as TOPIX Opens Lower

September 30 closes: Nikkei 66,753.72, up 1.94%; TOPIX 4,108.65, up 1.67%. On October 1 the Nikkei opened 0.53% higher while TOPIX opened 0.29% lower. Tokyo Electron and the AI supply chain were in focus.

Tokyo Electron 8035Index divergenceMorning trade
2026 Sep 30 · Historical market report

Tokyo Rebounds From Broad Selling as Bond Yields Stay Above 3%

September 29 closes: Nikkei 65,481.27, down 0.60%; TOPIX 4,041.13, down 1.72%. Chip-related buying lifted the next opening to 66,128.59 on the Nikkei, up 0.99%, with JGB yields still above 3%.

Tokyo Electron 8035Chip reboundMidsession
2026 Sep 29 · Historical market report

Ex-Dividend Effects and Rising Rates Shape Tokyo Trading

The September 28 rally reversed, followed by more weakness on September 29. September 28 closes were 65,877.62 for the Nikkei, down 0.73%, and 4,112.00 for TOPIX, down 0.40%. The report separates ex-dividend adjustments from financing concerns.

Ex dividendFinancing costsMidsession
2026 Sep 28 · Historical market report

US Equities and Chips Lift Tokyo While Yen and Yields Cap Gains

At a confirmed 10 a.m. observation the Nikkei was 66,657.73, up 0.44%, and TOPIX 4,146.57, also up 0.44%. A firmer yen and JGB yields near 3.1% complicated the recovery. SoftBank Group was the featured share.

SoftBank 9984AI semiconductorsIntraday
2026 Sep 26 · Historical market report

Two-Day Post-Holiday Week Lifts Nikkei 2.07%

Tokyo traded only Thursday and Friday after the Silver Week holidays. The Nikkei gained 2.07% from the previous week's close, while TOPIX rose 0.92%, with chips, banks, dividends and rates shaping the abbreviated week.

Holiday weekSemiconductorsWeekly review
2026 Sep 25 · Historical market report

Tokyo's Rally Broadens Beyond Chip Stocks

September 24 closes: Nikkei 65,513.99, up 0.76%; TOPIX 4,075.30, down 0.39%. On September 25 both indexes gained more than 1% at the morning close. Ibiden and the broader chip supply chain were in focus.

Ibiden 4062Market breadthMidsession
2026 Sep 24 · Historical market report

Nikkei Rises 1.33% by Midday as AI Buying Meets Funding Costs

After the holiday break the Nikkei reached 65,883.41 at the morning close, up 1.33%, while TOPIX rose just 0.12% to 4,096.01. SoftBank Group financing, the yen and the BOJ policy transition remained central.

SoftBank 9984AI financingMorning close
2026 Sep 21 · Historical market report

Tokyo Closed for Respect for the Aged Day: A September 24 Setup

Cash shares were closed for the September 21 holiday. Public currency reporting put USD/JPY at 156.89 near midday. The note examines SoftBank financing and BOJ policy before trading resumed on September 24.

Market holidaySoftBank fundingNext-open setup
2026 Sep 19 · Historical market report

Chip Gains Push the Nikkei Higher Even as TOPIX Ends Lower

September 18 ended with the Nikkei at 65,018.95, up 1.38%, while TOPIX slipped 0.07% to 4,091.14. Both indexes were up over the week, amid rate decisions and uneven gains across individual stocks.

Advantest 6857BOJ rate hikeWeekly review
2026 Sep 18 · Historical market report

BOJ Rate Hike Sends Nikkei Higher Despite Weak Market Breadth

At the morning close the Nikkei rose 0.82% while TOPIX fell 0.44%. After the BOJ decision a 12:45 p.m. quote showed the Nikkei up 1.87%, although more than 70% of Prime Market stocks had fallen during the morning.

BOJAdvantest 6857Intraday
2026 Sep 17 · Historical market report

After the Fed Move, Tokyo Looks Beyond the Index Headlines

September 16 closes: Nikkei 63,923.00, up 0.69%; TOPIX 4,061.72, up 0.61%. On September 17 the Nikkei's morning gain was slight while TOPIX rose 0.72%, with bank and insurer stocks supported ahead of the BOJ.

Banks and insurersCentral banksMidsession
2026 Sep 16 · Historical market report

Higher Oil Lifts ENEOS While AI Heavyweights Struggle

September 15 closes: Nikkei 63,484.10, down 0.01%; TOPIX 4,037.16, down 0.52%. Next morning energy shares gained while large AI stocks pressured the Nikkei; ENEOS rose alongside oil near $105 a barrel.

ENEOS 5020OilMidsession
2026 Sep 15 · Historical market report

SoftBank Rebounds After a Steep AI-Led Selloff

The Nikkei lost 0.81% on September 14 even as TOPIX gained 0.74%. September 15's morning close reversed the split: Nikkei up 0.93%, TOPIX down 0.03%. SoftBank Group rebounded after the previous day's double-digit fall.

SoftBank 9984AI volatilityMidsession
2026 Sep 14 · Historical market report

SoftBank's Sharp Drop Sends Nikkei Lower While TOPIX Rises

The Nikkei was down 0.80% at the morning close while TOPIX gained 0.66%. SoftBank Group fell more than 11% at an early afternoon quote. The divergent benchmarks exposed the narrow concentration of AI stocks in the Nikkei.

SoftBank 9984Index divergenceMidsession
2026 Sep 13 · Historical market report

Oil, Yen and Stock Losses Define the Week as Drone Shares Surge

For September 7–11, the Nikkei declined 1.55% and TOPIX 1.83%. Howa Machinery soared as Prodrone announced a manufacturing facility and investment linked to the firm's Aichi site.

Howa Machinery 6203DronesWeekly review
September 12, 2026 · No report published
2026 Sep 11 · Historical market report

Tokyo Turns From a Higher Close to Heavy Semiconductor Selling

September 10 closes: Nikkei 65,270.95, up 0.20%; TOPIX 4,054.58, up 0.20%. On September 11 the morning closes dropped 2.76% and 1.09%, respectively, amid higher oil prices, yields and AI-related selling.

Advantest 6857ChipsMorning close
2026 Sep 09 · Historical market report

Optical-Fiber Shares Support Tokyo After a Yen Shock

Both major indexes fell on September 8, but by early afternoon September 9 the Nikkei was up 0.34% and TOPIX up 0.36%. Fujikura, Sumitomo Electric and Furukawa Electric drew interest around optical communications demand.

Fujikura 5803Optical fiberIntraday
2026 Sep 08 · Historical market report

AI Enthusiasm Meets a Stronger Yen as TOPIX Slips

September 7 ended with the Nikkei up 2.12% and TOPIX up 0.55%. Around 1 p.m. September 8, the Nikkei was still up 0.40% while TOPIX fell 0.42%, exposing different exposures to the AI trade.

SoftBank 9984YenIntraday
2026 Sep 07 · Historical market report

AI and Semiconductor Shares Drive a Concentrated Nikkei Rally

SoftBank Group rose more than 8%, lifting the Nikkei even as Prime Market decliners outnumbered advancers at the morning close. TOPIX also advanced but the breadth of the rally was limited.

SoftBank 9984AI concentrationMidsession
2026 Sep 05 · Historical market report

Three-Percent JGBs, a Stronger Yen and an AI Rebound

The Nikkei lost 2.09% during the week and TOPIX declined 1.05%. The 10-year JGB yield reached 3% for the first time since 1996 as BOJ expectations and global bond selling intensified.

JGB 10-yearYenWeekly review
2026 Sep 04 · Historical market report

SoftBank Lifts the Nikkei While TOPIX Moves the Other Way

On September 3, Nikkei lost 0.17% and TOPIX rose 0.50%. The September 4 intraday Nikkei rebounded while the TOPIX morning close was slightly lower, with SoftBank up more than 10% at midday.

SoftBank 9984Index divergenceMidsession
2026 Sep 03 · Historical market report

TOPIX Rebounds as Nikkei Struggles to Extend Gains

Around 1 p.m. the Nikkei was modestly higher while TOPIX was up 1.04% at its morning close. Trading houses and financial stocks benefited as bond selling eased, with Mitsubishi Corporation in focus.

Mitsubishi Corp 8058Trading housesIntraday
2026 Sep 01 · Historical market report

Chip Shares Drag on Nikkei as TOPIX Diverges

On August 31 the Nikkei fell 0.14% and TOPIX rose 0.23%. Early September 1 quotes again showed a weaker Nikkei and stronger TOPIX, with Tokyo Electron and 10-year JGB yields near 3% in focus.

Tokyo Electron 8035SemiconductorsMidsession
2026 Aug 31 · Historical market report

Chip Stocks Push Nikkei Down 1.57% at the Morning Close

The Nikkei fell 1.57% by midday while TOPIX was down 0.43%, reflecting heavy selling in high-priced semiconductor and AI shares such as Advantest, Tokyo Electron and SoftBank Group.

AI semiconductorsNikkei concentrationMorning close
2026 Aug 29 · Historical market report

TOPIX Outpaces Nikkei as Bank and Domestic Shares Lead the Week

The Nikkei gained 0.59% over the week, against a 1.95% rise for TOPIX. Broader participation in banks, insurers, autos and domestic demand stocks contrasted with narrow AI leadership.

TOPIX breadthBanksWeekly review
2026 Aug 28 · Historical market report

Tokyo Absorbs Strong AI Demand and Higher Interest Rates

After a mixed August 27 close, the Nikkei and TOPIX were both higher by early afternoon August 28. Advantest led index contributions as investors digested Nvidia's earnings and outlook.

Advantest 6857AI chipsMidsession
2026 Aug 27 · Historical market report

Advantest Weighs on Nikkei Despite Nvidia's Strong Earnings

Advantest had boosted the Nikkei by more than 300 points on August 26 but subtracted about 198 points the next morning. The index's dependence on chip-testing shares became especially visible.

Advantest 6857Nvidia earningsMorning close
2026 Aug 26 · Historical market report

Tokyo Reverses Morning Losses for a Second Day

Both indexes finished August 25 up 0.50% and gained again by the August 26 morning close. Advantest was the leading positive Nikkei contributor amid falling oil prices and easing U.S. yields.

Advantest 6857Market reboundMidsession
2026 Aug 25 · Historical market report

Tokyo Recovers From a 900-Point Drop as Optical Shares Rally

The Nikkei and TOPIX gained 0.11% and 0.33%, respectively, by the morning close. Fujikura rose 6.02% on AI data-center optical infrastructure enthusiasm, though no new firm-specific announcement was established.

Fujikura 5803Optical networksMorning close
2026 Aug 24 · Historical market report

Nikkei Falls as TOPIX Rises Amid AI Financing Concerns

A delayed Nikkei quote showed losses, while an official TOPIX intraday reading showed gains. SoftBank Group fell 4.57% at 1:04 p.m. against concerns about leverage and AI funding commitments.

SoftBank 9984AI financingIntraday
2026 Aug 22 · Historical market report

The Week High-Valuation Stocks Met the Cost of Capital

The Nikkei dropped 3.93% and TOPIX fell 3.10% across the week. Chip and AI stocks including Advantest, Tokyo Electron and Lasertec were pressured by higher global yields, oil and geopolitical concerns.

AI chipsCost of capitalWeekly review
2026 Aug 21 · Historical market report

Tokyo's Rebound Meets a New Bond-Yield Shock

The Nikkei fell at an 11:35 a.m. delayed quote while TOPIX was near flat by the afternoon. Asics declined 5.59% by 11:30 a.m. after earlier earnings optimism met global yield pressure.

Asics 7936RatesIntraday
2026 Aug 20 · Historical market report

Tokyo Rebounds After a Rout, but Confidence Remains Fragile

The Nikkei rose intraday after the previous selloff, while TOPIX was reported firmer without a verified exact level. Daiichi Sankyo gained around 4.7% as global bond pressures eased; no new company catalyst was confirmed.

Daiichi Sankyo 4568PharmaceuticalsIntraday
2026 Aug 19 · Historical market report

Nikkei Falls Toward 3% as AI Selling and Rates Combine

Both indexes fell. SoftBank Group was down 9.85% at 2:02 p.m. as AI valuation concerns, reported debt financing and higher yields intersected.

SoftBank 9984AI valuationIntraday
2026 Aug 17 · Historical market report

Soft GDP, Flat Nikkei and Weaker TOPIX Start the Week

The Nikkei was little changed while TOPIX fell. Mitsui Kinzoku gained more than 3% as nonferrous metal stocks led sectors following solid first-quarter results and demand for AI-related copper foil.

Mitsui Kinzoku 5706GDPMidsession
2026 Aug 13 · Historical market report

AI and Chip Shares Lift Tokyo at Midsession

Advantest led the day's focus on semiconductor-testing equipment, a softer yen, BOJ expectations and the Nikkei's concentration in technology stocks.

Advantest 6857AI chipsMidsession
2026 Aug 11 · Historical market report

Mountain Day Holiday: Tokyo Prepares for the Next Open

Cash shares were closed for Mountain Day. The setup considers the previous close and the influence of AI chip-testing stocks, the yen and Japanese government bonds.

Market holidayAdvantest 6857Next-open setup
60 reports retained from August 8 through October 21, 2026. The October 21 combined report covers the October 20 final close and October 21 midsession. All 59 prior reports and gap notes are preserved.
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