Japanese Shares Struggle as Tech Stocks Weigh
2026-05-28 01:02
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index edged up 0.2% to above 65,100, while the broader Topix Index slipped 0.4% to 3,902 on Thursday, as Japanese equities struggled to maintain momentum amid weakness in technology stocks.
Investors also continued to track developments in the Middle East following reports of fresh US strikes on Iran, while stalled peace negotiations kept concerns over inflation and interest rate hikes in focus.
At home, Bank of Japan Governor Kazuo Ueda warned earlier this week about mounting inflationary pressures driven by higher oil prices, though he stopped short of indicating whether the central bank could raise rates at its next policy meeting.
Technology shares led the decline, with losses from SoftBank Group (-3.7%), Fujikura (-1.8%), Tokyo Electron (-1.5%), Advantest (-1.4%), and Lasertec (-2.1%).