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.
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