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.
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.
Also Read: Sensex Opens Higher, Trades Flat Amid Mixed Global Cues
Maruti Suzuki India Ltd marked a milestone by exporting its 3 millionth vehicle in a…
The death toll from sectarian clashes in Kurram district, located in Pakistan’s northwest Khyber Pakhtunkhwa…
PM Modi reflected on the Constitution's significance, describing it as a "modern expression of India's…
India's iPhone production hit $10 billion in the first seven months of FY25, according to…
Delhi's air quality worsened on Tuesday as the Air Quality Index (AQI) fell into the…
US President Joe Biden and First Lady Jill Biden will attend inauguration of President-elect Donald…