Tokyo: Tokyo stocks fell for the second consecutive day on Wednesday, driven by profit-taking in recently surging sectors such as semiconductors and gaming stocks, including Advantest and Nintendo. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 39,762.48, down 223.85 points, or 0.56 percent, from the previous trading day.
According to Namibia Press Agency, the index at one point fell more than 500 points, influenced by market concerns over U.S.-Japan trade negotiations. These concerns were heightened after U.S. President Donald Trump expressed skepticism about reaching a trade deal with Japan.
Despite the sell-off, real estate and transportation stocks remained firm throughout the trading session. In the afternoon, buying interest in large-cap stocks helped the Nikkei recover much of its earlier losses.
The broader TOPIX index also saw a decline, ending 6.03 points, or 0.21 percent, lower at 2,826.04. On the Tokyo Stock Exchange Prime Market, 834 stocks rose, outnumbering 728 decliners, while 65 remained unchanged.