Nikkei Corrects, SoftBank Under Pressure Despite Market Remaining High
Japanese stock markets closed lower on Thursday. The Nikkei 225 index fell 0.44% after pressure came from the paper & pulp, transportation, and communications sectors. Despite the decline, the main Tokyo index remained near its all-time high, indicating that overall market sentiment remained strong.
Several stocks actually recorded sharp gains. Shiseido surged nearly 5%, while Resonac Holdings and Sojitz also rallied more than 4%. Resonac shares even touched a five-year high, and Sojitz hit a record high. Meanwhile, SoftBank Group was the main drag on the index, falling almost 5%, followed by KDDI and Fanuc, which also weakened.
Market pressure also came from the decline in global oil prices, which fell more than 3%. In the foreign exchange market, the yen weakened against the US dollar, with USD/JPY rising to 158.59. Increased volatility and weakening commodities have made investors more cautious ahead of the upcoming trading session. (az)
Source: Newsmaker.id
