AGL 6.45 Decreased By ▼ -0.05 (-0.77%)
ANL 9.50 Decreased By ▼ -0.20 (-2.06%)
AVN 74.95 Decreased By ▼ -0.88 (-1.16%)
BOP 5.35 Increased By ▲ 0.03 (0.56%)
CNERGY 4.80 Decreased By ▼ -0.05 (-1.03%)
EFERT 78.00 Increased By ▲ 0.51 (0.66%)
EPCL 54.15 Decreased By ▼ -1.06 (-1.92%)
FCCL 15.00 Decreased By ▼ -0.25 (-1.64%)
FFL 6.20 Decreased By ▼ -0.10 (-1.59%)
FLYNG 7.01 Increased By ▲ 0.16 (2.34%)
GGGL 10.05 Decreased By ▼ -0.12 (-1.18%)
GGL 15.94 Decreased By ▼ -0.37 (-2.27%)
GTECH 7.85 Increased By ▲ 0.41 (5.51%)
HUMNL 6.27 Decreased By ▼ -0.06 (-0.95%)
KEL 2.83 Decreased By ▼ -0.14 (-4.71%)
LOTCHEM 27.65 Decreased By ▼ -0.65 (-2.3%)
MLCF 27.00 Decreased By ▼ -0.56 (-2.03%)
OGDC 73.35 Decreased By ▼ -0.65 (-0.88%)
PAEL 15.30 Decreased By ▼ -0.29 (-1.86%)
PIBTL 5.15 Decreased By ▼ -0.10 (-1.9%)
PRL 16.10 Decreased By ▼ -0.48 (-2.9%)
SILK 1.04 Decreased By ▼ -0.02 (-1.89%)
TELE 10.45 Decreased By ▼ -0.20 (-1.88%)
TPL 7.69 Decreased By ▼ -0.19 (-2.41%)
TPLP 19.22 Decreased By ▼ -0.48 (-2.44%)
TREET 22.75 Decreased By ▼ -0.25 (-1.09%)
TRG 115.90 Decreased By ▼ -4.20 (-3.5%)
UNITY 21.80 Decreased By ▼ -0.34 (-1.54%)
WAVES 11.15 Decreased By ▼ -0.05 (-0.45%)
WTL 1.12 Decreased By ▼ -0.03 (-2.61%)
BR100 4,039 Decreased By -56.1 (-1.37%)
BR30 14,984 Decreased By -242.5 (-1.59%)
KSE100 40,620 Decreased By -307.7 (-0.75%)
KSE30 15,213 Decreased By -142.6 (-0.93%)
Follow us

TOKYO: Japan’s Nikkei index fell on Wednesday, after hitting a 10-week high in the previous session, with Nintendo falling as the video game maker delayed the launch of a much-awaited game and shippers sliding on fears of easing demand.

The Nikkei share average declined 0.8% to 28,027.25, ending the day above the psychological 28,000 line after earlier dropping as low as 27,736.27.

It closed at 28,252.42 on Tuesday, the highest since Jan. 18, as investors snapped up shares to secure dividend payments.

The benchmark had climbed 14.3% from a 16-month trough on March 9. “There’s the sense that the rally is taking a break, and it comes as we head toward earnings season.

So, it’s hard to buy stocks aggressively from here,“ said a trader at a domestic securities firm. Of the Nikkei’s 225 component stocks, 174 fell, 48 rose and three were flat.

Japanese shares track Wall Street gains; autos and shippers shine

The broader Topix dropped 1.55% to 1,991.66.

The focus for Thursday, the final day of the fiscal year, will be whether it can stay above the 1,954 mark, which is where it ended the previous fiscal year, said a trader at a different domestic securities firm.

Nintendo plunged 5.75% after saying it was pushing back the release of the sequel to “Legend of Zelda: Breath of the Wild” to spring 2023 from this year’s planned debut.

Among the Tokyo Stock Exchange’s 33 subsectors, shippers faired the worst, diving 6.23% following a rally the previous session, as optimism on the outlook for the conflict in Ukraine raised expectations that tight container demand could be due to ease. Nippon Yusen was the Nikkei’s biggest percentage decliner, tumbling 8.55%.

Iron and steel was the TSE’s second-worst subsector with a 4.10% slide, followed by a 3.87% slump for oil and coal products.

Among other notable decliners, Toyota Motor slid 1.88% and chip giant Tokyo Electron sank 1.33%.

Comments

Comments are closed.