Japanese Shares Erase Early Advances
2026-05-27 07:19
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index edged up just 0.01% to close at 64,999 on Wednesday, while the broader Topix Index fell 0.52% to 3,918, as Japanese equities gave up earlier gains amid profit-taking following a strong rally to record highs.
Investors also remained cautiously optimistic that the US and Iran could still secure a peace agreement despite renewed hostilities in the Middle East.
On the domestic front, Bank of Japan Governor Kazuo Ueda warned about rising inflationary pressures stemming from higher oil prices but stopped short of signaling whether an interest rate hike could be delivered at the central bank’s next policy meeting.
Technology and artificial intelligence-related shares led the pullback, with notable declines from Kioxia Holdings (-3.1%), SoftBank Group (-7.3%) and Fujikura (-3.6%).
Other major index heavyweights also moved lower, including Furukawa Electric (-6.7%) and Murata Manufacturing (-3.2%).