Stock Markets January 30, 2026

Tokyo stocks tick lower as paper & pulp, transport and communication sectors weigh on market

Nikkei 225 posts a marginal loss as Casio, Konami and Chugai rally while Nexon, Tokuyama and Fuji Electric slide

By Nina Shah
Tokyo stocks tick lower as paper & pulp, transport and communication sectors weigh on market

Tokyo’s equity market closed slightly weaker on Friday, with declines concentrated in the Paper & Pulp, Transport and Communication sectors. The Nikkei 225 finished the session down 0.00%, while select large-cap names showed divergent moves: Casio, Konami and Chugai climbed, and Nexon, Tokuyama and Fuji Electric fell. Market breadth favored advancers, and volatility and commodity prices moved lower.

Key Points

  • Nikkei 225 closed down 0.00% as losses in Paper & Pulp, Transport and Communication sectors put pressure on the market.
  • Top gainers included Casio (TYO:6952) up 16.27%, Konami (TYO:9766) up 8.08%, and Chugai Pharmaceutical (TYO:4519) up 5.92%; leaders to the downside included Nexon (TYO:3659) down 10.63%, Tokuyama (TYO:4043) down 7.83%, and Fuji Electric (TYO:6504) down 6.47%.
  • Market breadth favored advancers (2,273 rising vs. 1,318 declining) even as volatility and commodity prices eased.

Tokyo equities ended the trading day in negative territory on Friday as losses in the Paper & Pulp, Transport and Communication sectors pressured the market.

At the close in Tokyo the Nikkei 225 lost 0.00%.

Among individual movers on the Nikkei 225, Casio Computer Co., Ltd. (TYO:6952) led gains, advancing 16.27% or 211.00 points to finish at 1,508.00. Konami Corp. (TYO:9766) also posted a strong gain, rising 8.08% or 1,680.00 points to close at 22,470.00. Chugai Pharmaceutical Co., Ltd. (TYO:4519) increased 5.92% or 492.00 points, ending the day at 8,801.00.

On the downside, Nexon Co Ltd (TYO:3659) recorded the steepest decline among Nikkei components, sliding 10.63% or 438.00 points to 3,683.00 at the close. Tokuyama Corp. (TYO:4043) dropped 7.83% or 343.00 points to finish at 4,038.00, and Fuji Electric Co., Ltd. (TYO:6504) fell 6.47% or 760.00 points to 10,990.00.

Market breadth on the Tokyo Stock Exchange showed more advancing issues than decliners, with rising stocks outnumbering decliners by 2,273 to 1,318, and 233 issues finishing unchanged.

Notable record moves included Casio Computer shares climbing to three-year highs, rising 16.27% or 211.00 points to 1,508.00. Chugai Pharmaceutical shares moved to all-time highs, increasing 5.92% or 492.00 points to 8,801.00.

Volatility indicators eased during the session. The Nikkei Volatility index, which measures implied volatility for Nikkei 225 options, fell 3.29% to 33.20.

Commodities markets were generally softer. Crude oil for March delivery declined 2.00% or 1.31 to $64.11 a barrel. Brent crude for April delivery was down 1.97% or 1.37 to $68.22 a barrel. In metals, April Gold Futures fell 3.27% or 175.21 to trade at $5,179.59 a troy ounce.

Foreign exchange movements included USD/JPY rising 0.53% to 153.92 and EUR/JPY up 0.13% at 183.47. The US Dollar Index Futures was higher by 0.32% at 96.44.


Market takeaway - Tokyo ended the session with mixed internals: a small headline move for the Nikkei 225 masked sizable sector and stock-level variations, with several large-cap names posting double-digit percentage swings in either direction.

Risks

  • Implied volatility across Nikkei options fell - a decline in the Nikkei Volatility index by 3.29% to 33.20 could signal shifting sentiment and potential for renewed market swings - this affects equity traders and options strategies.
  • Slippage in commodity prices, with March crude down 2.00% to $64.11 and Brent down 1.97% to $68.22, introduces earnings and input-cost uncertainty for energy-linked sectors and import-sensitive firms.
  • Currency moves, including USD/JPY rising 0.53% to 153.92 and EUR/JPY up 0.13% to 183.47, may influence exporters, importers and companies with significant foreign-currency exposures.

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