The Nikkei index weakened 0.3% to 50,674.53 on Wednesday, dragged down by declines in technology and semiconductor stocks. SoftBank Group (-5.9%), Kioxia (-2.8%), and Advantest (-2.8%) led the decline, indicating that risk appetite for growth stocks remains fragile.
Interestingly, the Topix index rose 0.5% to 3,338.87, signaling a rotation into more defensive or value sectors—such as financials, industrials, and raw materials—amid pressure on major tech names. This means the market is not entirely risk-off, but rather more selective.
In the forex market, USD/JPY was at 154.07 (from 154.22 at Tuesday's close in Tokyo). The yen's nearly flat movement suggests that domestic factors (such as earnings reports and sectoral sentiment) are more dominant than the currency in driving today's trading.
The next focus is earnings season: Asics and Bridgestone are scheduled to release results later Wednesday. The figures and guidance from both could determine future sentiment—whether the rotation into cyclicals continues, or interest in technology stocks begins to recover. (asd)
Source: Newsmaker.id
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