Japanese Shares Fall for Second Session
2026-06-29 00:59
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 1.3% to below 68,500, while the broader Topix Index slipped 0.5% to 3,944 on Monday, marking a second consecutive session of losses as investors monitored the latest developments in the Middle East.
Oil prices climbed after renewed clashes between the US and Iran around the Strait of Hormuz, although both sides agreed to halt further attacks ahead of peace talks scheduled for this week in Doha, Qatar.
Domestically, data showed Japan's retail sales rose 5.3% in May, the strongest increase since November 2023, supported largely by a government stimulus package that lifted consumer spending.
Technology stocks led the declines amid mounting concerns over the sustainability of the AI-driven rally, with Kioxia (-8.8%), SoftBank Group (-5.2%), Fujikura (-7.7%), Advantest (-5.7%), and Ibiden (-7.5%) posting sharp losses.