The Nikkei 225 index fell 0.45% to 47,735 on Wednesday, retreating from a record high as investors took profits following a rally fueled by expectations of stimulus under PM-elect Sanae Takaichi (the Abenomics line). Weaker wage data also dampened prospects for a BoJ interest rate hike, with real wages falling by -1.4% year-on-year in August, an eighth straight month of decline.
The technology sector also followed Wall Street lower after Oracle's plunge rekindled concerns about the sustainability of AI trading. Uncertainty was further compounded by the prolonged US government shutdown. Stocks under pressure included SoftBank Group (-2%), Disco Corp (-2%), and Tokyo Electron (-2.8%). (az)
Source: Newsmaker.id
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