Japanese stocks declined, driven by losses in the electronics and machinery sectors, as investors were seen taking profit after the recent rally in the market.
The Topix fell 1.3% to close at 2,206.30, while the Nikkei declined 1.8% to 31,913.74. The Topix is still up about 17% this year, outpacing gains in global peers.
Sony Group contributed the most to the Topix decline, decreasing 1.9%. Out of 2,157 stocks in the index, 599 rose and 1,473 fell, while 85 were unchanged.
"The market has been strong recently, this could be a chance to take some profit by investors," said Ercan Serdar Armutcu, head of electronic trading at Mita Securities.
Source : Bloomberg
