The Nikkei 225 Index dropped 1.1% to around 38,160, while the broader Topix Index fell 1.3% to 2,653 on Friday, marking their lowest levels in at least a month. The declines followed losses on Wall Street overnight, driven by a sell-off in megacap technology stocks. Investor focus shifted to the upcoming Bank of Japan monetary policy decision, as Governor Kazuo Ueda indicated on Wednesday that the central bank would consider raising interest rates at its next meeting. In corporate news, Nintendo saw a sharp 6% drop after announcing the launch of its Switch 2 console later this year.
Other notable losses included Disco Corp (-1.4%), Advantest (-1.2%), Mitsubishi UFJ (-2.2%), Toyota Motor (-3.2%), and SoftBank Group (-1.8%). For the week, the Nikkei and Topix indexes are on track to decline 2.5% and 2%, respectively.(Cay) Newsmker23
Source: Trading Economi
