The Nikkei 225 index fell 0.1% to around 38,150 while the broader Topix index fell 0.4% to 2,761 on Wednesday, paring gains from earlier in the week as investors locked in profits after a strong rally. However, Japanese shares have recovered all of the losses since U.S. President Donald Trump announced his broad-based tariffs in early April as trade negotiations and a temporary easing of tariffs between the U.S. and China helped boost market sentiment.
Investors also reacted to the latest economic data showing that Japanese producer prices rose 4% year-on-year in April, slowing from 4.2% in March and marking the weakest pace since December. Losses were led by major industrial and auto names, including Kawasaki Heavy (-1%), Mitsubishi Heavy (-1.2%), Sony Group (-3.2%) and Toyota Motor (-1.9%). On the positive side, technology stocks outperformed, mirroring gains on Wall Street. Companies that posted significant increases included Disco (+8.3%), Advantest (+4%), and Tokyo Electron (+2.2%).(Newsmaker23)
Source: Trading Economics
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