Japanese shares slip on tech losses
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The Nikkei 225 Index declined by 0.48% to close at 38,536, while the broader Topix Index slipped 0.27% to 2,701 on Thursday, reversing earlier gains as technology stocks weighed on the market following a similar downturn on Wall Street.
Japanese shares slip on tech losses Investors remained cautious, evaluating the potential impact of US President-elect Donald Trump's policies on Japan's economy, particularly on export-reliant sectors. Additionally, market participants monitored a sharp depreciation of the yen, which could offer some near-term support for Japanese equities. The technology sector led the losses, with notable declines from Disco Corp (-4.2%), Lasertec (-5%), Tokyo Electron (-3.5%), Advantest (-2.8%), and SoftBank Group (-3.2%).
Japanese shares slip on tech losses Investors remained cautious, evaluating the potential impact of US President-elect Donald Trump's policies on Japan's economy, particularly on export-reliant sectors. Additionally, market participants monitored a sharp depreciation of the yen, which could offer some near-term support for Japanese equities. The technology sector led the losses, with notable declines from Disco Corp (-4.2%), Lasertec (-5%), Tokyo Electron (-3.5%), Advantest (-2.8%), and SoftBank Group (-3.2%).