Nikkei Flat, Heavy Industry & Pharmaceuticals Support
Wednesday, October 8, 2025 - The Nikkei index was flat at 47,937.70, with gains in heavy industry and pharmaceutical stocks offsetting the decline in chip companies. The IHI rose 4.3% and Daiichi Sankyo strengthened 3.5%, while Tokyo Electron fell 1.6% and Advantest weakened 1.2%.
The weaker yen also provided support to the market, as it typically benefits exporters. USD/JPY was at 152.25, up sharply from 150.69 at Tuesday's close, thus boosting sentiment for export-related sectors.
Investors' focus is now on the details of potential policy steps Sanae Takaichi may take after being elected LDP chair. Any signals regarding industrial support, public spending, or the reform agenda could potentially trigger further movements.
Looking ahead, the market will monitor yen movements, news from the global semiconductor sector, and comments from Japanese policy officials. As long as chip stocks remain under pressure, a rotation into heavy industry and defensive sectors (such as pharmaceuticals) could continue to hold the index steady. (asd)
Source: Newsmaker.id
