Japan's Nikkei Cuts Early Gains On Chip-related Selloff

ReutersMay 12, 2026 2:30 AM

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By Junko Fujita

TOKYO, May 12 (Reuters) - Japan's Nikkei share average gave up most of its early gains on Tuesday, as investors sold chip-related stocks to book profits after recent gains.

The Nikkei .N225 was up 0.14% at 62,504.58, as of 0150 GMT, after rising more than 1% earlier in the session. The broader Topix .TOPX was up 0.33% at 3853.81.

"Investors sold chip-related shares after seeing a sharp fall in the (South) Korean market, which was led by declines in chip-related shares," said Kazuaki Shimada, chief strategist at IwaiCosmo Securities.

Advantest 6857.T and Tokyo Electron 8035.T fell 0.3% each.

Uniqlo-brand owner Fast Retailing 9983.T fell 3.2%.

Ibiden 4062.T surged 11% after the maker of smartphone components raised its annual sales and profit forecasts.

Technology investor SoftBank Group 9984.T rose 3.6% ahead of its quarterly results on Wednesday.

The Topix's gains indicated that market participants were targeting to buy cheap stocks in broader sectors, said Shimada.

Trading houses Mitsubishi Corp 8058.T and Mitsui & Co 8031.T rose more than 3% each.

Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 36% rose, 60% fell and 3% traded flat.

Reviewed byBlock Tao

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