Japanese Shares Fall for 3rd Straight Session
The Nikkei 225 fell 0.4% to below 42,800 and the Topix slipped 0.15% to 3,094 on Thursday, marking the third consecutive session of losses as Japanese stocks tracked a tech-led selloff on Wall Street.
Pressure on megacap US tech names, fueled by concerns over stretched valuations and the sustainability of the AI rally, weighed on sentiment globally. On the domestic front, data showed Japan’s manufacturing sector edged closer to stability in August, while services growth softened.
Uncertainty persists over the timing and pace of further Bank of Japan rate hikes, though climbing government bond yields highlight rising pressure on the central bank to act. Among individual movers, Tokyo Electron fell 2%, Daiichi Sankyo tumbled 5.3%, and Toyota Motor slipped 0.7%. SoftBank Group edged higher after shedding more than 10% across the prior two sessions, reflecting lingering caution toward the tech sector.
Source: Trading Economics
