Tokyo stocks ended lower on Thursday, with the Nikkei index falling to a three-week low. The Nikkei 225 Stock Average dropped by 390.52 points, or 1.05 percent, closing at 36,657.09. This marks its lowest level since August 14. The broader Topix index also fell, finishing down 12.73 points, or 0.48 percent, at 2,620.76.
Tech Shares and Export Issues Contribute to Decline
The Nikkei index fell mainly due to declines in technology shares, following a drop in the Nasdaq index overnight. High-tech stocks faced significant selling pressure. Export-oriented shares also declined due to a stronger yen. However, the market found some support as investors bought on dips after the Nikkei experienced its third-largest drop of the year the previous day.
Investors remained cautious ahead of upcoming US economic data, which could indicate further economic slowdown in the US. This uncertainty added to the negative sentiment in the Tokyo stock market.
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