The Nikkei 225 experienced a decline, closing down 0.24% at 56,806, mirroring broader market weakness after a disappointing fourth-quarter GDP report. The Topix also saw losses. Financial stocks were particularly hard hit, while individual corporate news further weighed on market sentiment.
- Nikkei 225 fell 0.24% to close at 56,806.
- The Topix lost 0.82% to 3,787.
- Japan’s Q4 GDP expanded 0.1%, below the forecast of 0.4%.
- Financials led the downturn, with Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui all experiencing significant losses.
- Olympus dropped 12.9% after slashing its operating income guidance.
The Nikkei’s performance reflects concerns about Japan’s economic growth and the potential impact on corporate earnings. The underperforming GDP figures and the downturn in the financial sector suggest a cautious outlook for the near term. Specific company issues, such as those affecting Olympus, also contribute to downward pressure on the market.