Japan’s Nikkei index closed lower today, Thursday after falling to its lowest level in about 3 months during the session Tracing the impact of Wall Street’s poor performanceHeavyweight tech stocks led the declines.
The Nikkei closed 0.93% lower after hitting 25,953.92 points during trading, its lowest level since October 3. The broader Topix index fell 0.72% to 1,895.27 points.
Major Wall Street indexes closed lower last night and the Nasdaq index hit its lowest level in 2022 as investors prepare to enter 2023 amid mixed economic data, a rise in Covid infections in China and geopolitical tensions.
Heavy tech stocks weighed on the Nikkei index and SoftBank Group, an investment in startups, fell 1.6% and recouped some of its losses after falling 2.4% to its lowest level since Oct. 19.
Japan Tobacco Company topped the index, down 5.87%, followed by Showa Denko, 4.68%, and Isetan Mitsukoshi Holdings, 4.37%.
And 34 Nikkei stocks went up, compared with a decline of 182 stocks.
All but two of 33 sub-indexes fell, with the oil exploration companies index leading the declines.
