"Asian Stocks" Nikkei Index fell 65 points in the first half of the day, oil stock Inpex dropped over 3%, semiconductor stocks were weak

The Japanese stock market fluctuated in the early session, with rumors that U.S. President Trump is willing to end military actions against Iran if the Strait of Hormuz is closed, leading to a drop in oil prices and a recovery in Japanese stocks from their lows. The Nikkei average opened down 503 points, initially falling 1,326 points to a low of 50,558 points. Subsequently, investors showed a lack of enthusiasm, and the index once turned positive, rising 283 points to a high of 52,169 points, closing down 65 points or 0.1% at 51,820 points.

AI concept and semiconductor stocks fell along with the external market, with SoftBank (9984.JP) and Discus (6146.JP) down 1.5% and 1.6%, respectively. Raytech (6920.JP), Tokyo Electron (8035.JP), and Kioxia (285A.JP) fell between 2.4% and 3.1%, while Advantest (6857.JP) dropped 0.6%. Wire stocks such as Furukawa Electric (5801.JP) fell 0.4%, while Sumitomo Electric (5802.JP) and Fujikura (5803.JP) dropped 2.7% and 5.3%.

Heavy industry stocks Mitsubishi Heavy Industries (7011.JP) and IHI (7013.JP) fell 2.5% and 2.3%, respectively. Metal stocks JX Metals (5016.JP) and Mitsui Mining & Smelting (5706.JP) fell 4.4% and 3.3%, while rare earth concept Mitsui Ocean Development (6269.JP) dropped 3%. Trading companies Mitsui & Co. (8031.JP) and Mitsubishi Corporation (8058.JP) fell 3% and 4.3%. Oil stock Inpex (1605.HK) fell 3.2%.

In other stocks, Fast Retailing (9983.JP) rose 0.5%, Sony (6758.JP) and Shiseido (4911.JP) rose 2.1%, and Tokyo Electric Power (9501.JP) rose 2.8%.

The exchange rate of the U.S. dollar against the Japanese yen is 159.63