Nikkei Down Slightly, Energy Sector Leads
The Nikkei index weakened 0.1% to 42,358.82 amid market concerns about the impact of US tariffs on company performance. The energy and gaming sectors led the decline; Eneos Holdings fell 1.4% and Nintendo fell 1.5%.
In the forex market, USD/JPY was at 147.49, down from 147.76 at the close in Tokyo on Tuesday—signaling a slight strengthening of the yen. A stronger yen typically weighs on export-oriented stocks.
Investors remain cautious as they monitor developments in the war in Ukraine and the potential leadership election in Japan's Liberal Democratic Party (LDP). This political and geopolitical uncertainty is keeping risk appetite low, limiting the index's rebound efforts. (ayu)
Source: Newsmaker.id