Nikkei Drops 1.1%, Dragged by Chip, Heavy-Industry Stocks
Japanese stocks are lower as profit-taking kicks in amid continued uncertainty over U.S. tariffs. Chip and heavy-industry stocks which surged recently are leading the declines.
Advantest is 4.7% lower and Kawasaki Heavy Industries is down 4.6%. USD/JPY is at 143.54, compared with 143.63 as of Tuesday's Tokyo stock market close. Investors are focusing on any developments related to U.S. tariffs.
The Nikkei Stock Average is down 1.1% at 39542.01.
Source: Marketwatch