Japan's Nikkei Stock Average declined for the third consecutive session, driven primarily by falling technology shares. The market experienced a pullback following recent highs, with investors exhibiting caution amid concerns of short-term overheating. Despite the downward trend, the Nikkei showed some resilience with limited downside support. The decline in Tokyo stocks was influenced by weak chip shares and a drop in U.S. tech stocks. Additionally, the Bank of Japan intervened in the foreign exchange market for the 27th time in the afternoon, reflecting ongoing efforts to stabilize the yen. Market participants are awaiting upcoming events, including a U.S. Federal Reserve event, which is also attracting attention from the Bank of Japan.
Japan’s Nikkei Stock Average down for Third Straight Session as Tech Shares Fall (UPDATE 1) https://t.co/UZPIY4Q0UG
Japan’s Nikkei Stock Average down for Third Straight Session as Tech Shares Fall (UPDATE 1) https://t.co/UZPIY4Q0UG
日経平均は3日続落、短期過熱感への警戒継続 イベント待ちも https://t.co/gnCY2rxcDB https://t.co/gnCY2rxcDB