Japan’s Nikkei Opens Tuesday in Red
(MENAFN) Japan’s main stock index declined further on Tuesday, pressured by ongoing political uncertainty at home and trade tensions that dampened investor confidence.
The Nikkei 225, Japan’s key stock average consisting of 225 issues, ended the day at 39,774.92, slipping 44.19 points, or 0.11%, from its previous close.
Despite a positive start fueled by strong gains in U.S. technology shares overnight and a relief rally following Japan’s recent upper house elections, the Nikkei briefly pushed past the critical 40,000 threshold before pulling back in afternoon trading.
The retreat was driven by steady selling from pension funds and individual investors cashing in profits, as worries lingered over Japan’s unstable political landscape and the unclear direction of U.S.-Japan tariff talks.
Meanwhile, the broader Topix index inched up 1.71 points, or 0.06%, closing at 2,836.19.
On the Tokyo Prime Market, 687 stocks advanced, 877 fell, and 60 remained unchanged.
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