The Nikkei average index closed down 68 points or 0.1%, with Sony rising over 5% after earnings

AASTOCKS
2025.11.11 07:21

Japan's seasonally adjusted current account surplus expanded to 4.48 trillion yen in September, exceeding expectations. Japanese stocks today (11th) rose initially before retreating, as the U.S. government is expected to end its shutdown, boosting U.S. tech stocks and driving Japanese semiconductor stocks. However, the market saw profit-taking at high levels. The Nikkei index opened up 402 points, at one point rising 601 points to a high of 51,513 points, but later fell 330 points to a low of 50,581 points in the afternoon. It closed down 68 points or 0.1%, at 50,842 points.

In the AI concept and semiconductor sector, memory chip stock Kioxia (285A.JP) fell 0.9%. SoftBank (9984.JP) rose 2%, Renesas Electronics (6920.JP) was flat, Tokyo Electron (8035.JP) fell less than 0.1%, Advantest (6857.JP) and Disk (6146.JP) fell 4.1% and 4.5%, respectively. Wire stocks such as Furukawa Electric (5801.JP) rose 1%, while Sumitomo Electric (5802.JP) and Fujikura (5803.JP) fell 2.8% and 6%. Electric power stock Tokyo Electric Power Company (9501.JP) rose 1.5%. Heavy industry stocks Mitsubishi Heavy Industries (7011.JP) fell 0.6%, while Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) fell 6.1% and 2.9%. JX Metals (5016.JP) fell 0.1%.

In terms of earnings, Sony (6758.JP) reported better-than-expected revenue for the second fiscal quarter and raised its operating profit forecast for the current fiscal year, with its stock price rising 5.5%. All Nippon Airways (9202.JP) announced a share buyback, with its stock price rising 44.9%. Shiseido (4911.JP) changed its full-year guidance from profit to loss by the end of December and will cut 200 jobs, with its stock price falling 0.8%. Internet stock DeNA (2432.JP) reported a quarterly net profit that rose 7.7 times year-on-year, exceeding expectations, with its stock price rising 2.5%. Japanese real estate leader Mitsubishi Estate (8802.JP) reported disappointing quarterly results and did not announce a buyback plan, with its stock price falling 5.5%.

In other stocks, Mitsubishi UFJ Financial Group (8306.JP) fell 0.4%, Panasonic (6752.JP), Rakuten Group (4755.JP), and cartoon IP parent company Sanrio (8136.JP) fell between 0.8% and 1.2%, while Toyota (7203.JP) and Fast Retailing (9983.JP) rose 0.5% and 0.7%, respectively. Nintendo (7974.JP) rose 1.5%, and Hitachi (6501.JP) rose 0.1%.

The yen remained stable during the Asian session, with the dollar trading at 154.18 yen

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