The Nikkei 225 index fell 0.4% to around 37,600 while the broader Topix index fell 0.1% to 2,736 on Friday, with Japanese shares falling for a third straight session, weighed down by weaker-than-expected economic data and weak guidance from Wall Street. Investor sentiment soured after Japan's GDP contracted 0.2% quarter-on-quarter in the first quarter, marking the country's first economic contraction in a year and below forecasts for a 0.1% decline. The data reinforced concerns raised earlier this week by the Bank of Japan, which warned of a potential economic moderation amid the impact of U.S. trade policy. Japanese markets also tracked overnight weakness in U.S. technology stocks, which were hit by profit-taking. Domestic tech stocks led the decline, with Disco and Advantest each down 1.6%, while Tokyo Electron dropped 2.1%. Shares of tech giants Sony Group and Toyota Motor also fell, down 2.3% and 1.7% respectively. (Newsmaker23)
Source: Trading Economics
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