The Nikkei 225 Index experienced a decline, closing lower for the fourth consecutive session alongside a broader market downturn. Losses were concentrated in technology and defense stocks, with pharmaceutical and consumer names also contributing to the overall weakness. Concerns about AI’s impact and a lack of fresh policy signals from the Bank of Japan further dampened investor sentiment.
- Nikkei 225 Index fell 0.42% to close at 56,566.
- Broader Topix Index lost 0.68% to 3,762.
- Technology and defense stocks led the decline.
- SoftBank Group dropped 5.1% due to tech sector exposure.
- Recruit Holdings slid 3.9%.
- Mitsubishi Heavy Industries and Kawasaki Heavy Industries fell 2.8% and 4.4%, respectively.
- Bank of Japan Governor Ueda offered no fresh monetary or fiscal signals.
This indicates a period of instability for the Nikkei, driven by sector-specific concerns and a lack of clear direction from monetary policy. The weakness in technology, a key component of the index, suggests investors are re-evaluating growth prospects in light of emerging technologies. The decline in defense stocks may reflect shifting geopolitical or budgetary considerations. Without new signals to provide reassurance, the index could remain vulnerable to further downward pressure.