Tokyo Stocks Close Wednesday in Red
(MENAFN) Tokyo’s stock market dropped sharply on Wednesday, halting a five-day upward run as investors cashed in gains on major holdings.
The Nikkei 225 index closed at 44,790.38, retreating 111.89 points, or 0.25%, from Tuesday’s finish.
Pressure intensified following overnight losses on Wall Street and a stronger yen, which hurt export-focused companies. Investors notably scaled back positions in fast-rising AI-related stocks, including SoftBank Group and Advantest.
The wider Topix index also slipped, shedding 22.53 points, or 0.71%, to close at 3,145.83, marking its first decline in five trading sessions.
On the Tokyo Stock Exchange Prime Market, decliners outpaced gainers 1,267 to 312, while 40 stocks remained unchanged.
The Nikkei 225 index closed at 44,790.38, retreating 111.89 points, or 0.25%, from Tuesday’s finish.
Pressure intensified following overnight losses on Wall Street and a stronger yen, which hurt export-focused companies. Investors notably scaled back positions in fast-rising AI-related stocks, including SoftBank Group and Advantest.
The wider Topix index also slipped, shedding 22.53 points, or 0.71%, to close at 3,145.83, marking its first decline in five trading sessions.
On the Tokyo Stock Exchange Prime Market, decliners outpaced gainers 1,267 to 312, while 40 stocks remained unchanged.
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