Japanese Stock Market Experiences Mixed Closing with Notable Declines in Technology Shares

Tokyo:Japanese stocks ended Thursday’s trading session with mixed results, as the Nikkei 225 fell by 0.7% to close at 60,819.84 points. This drop followed an earlier gain of up to 0.88% during the session. Meanwhile, the broader Topix index showed a slight increase of 0.2%, ending at 3,937.33 points.

According to Qatar News Agency, the decline in the Nikkei was mainly influenced by retreats in technology and semiconductor-related shares. Advantest, a significant supplier to Nvidia, saw its shares drop by 4.64%. Ibiden experienced the largest percentage decrease among the Nikkei 225 constituents, plunging by 8.32%.

Elsewhere, memory chipmaker Kioxia Holdings reversed earlier gains to close 2.83% lower, and semiconductor equipment maker Tokyo Electron reduced its advance, finishing 0.35% higher. In contrast, SoftBank Group, which initially showed gains, ended the session down by 3.04%.

Despite these declines, there were some positive performances, such as Sony Group, which rose by 1.93%, offering substantial support to the Topix index. Additionally, Japan Tobacco surged by 7.8%. Overall, out of the 225 stocks in the Nikkei 225, 153 advanced, while 72 declined.