Japanese Shares Struggle on Tech Weakness

2026-07-07 01:10 By Jam Kaimo Samonte 1 min. read

The Nikkei 225 Index fell 0.7% to below 69,300 while the broader Topix Index rose 0.4% to 4,120 in mixed trading on Tuesday, as weakness in technology stocks continued to weigh on the broader market.

Regional sentiment also weakened after Samsung Electronics shares tumbled despite the company reporting strong profit growth, supported by robust demand for AI data center memory chips.

In Japan, investors assessed data showing nominal wages rose 3.2% in May, while household spending declined 0.4%.

Major decliners included Kioxia Holdings (-8.3%), Taiyo Yuden (-5.6%), Murata Manufacturing (-4.3%), Lasertec (-6.4%), and Ibiden Co (-4.7%).

In contrast, financial stocks such as Mitsubishi UFJ (3.5%), Mizuho Financial (3.2%) and Sumitomo Mitsui (1.8%) posted strong gains.



News Stream
Asian Stocks Decline as Tech Shares Weigh
Asian equity markets mostly fell on Tuesday as renewed selling in technology stocks overshadowed the tech-led rally on Wall Street overnight. Regional sentiment weakened after Samsung Electronics shares tumbled more than 5% despite reporting strong profit growth, driven by robust demand for AI data center memory chips. SK Hynix also dropped nearly 4% after launching the formal marketing process for its planned US listing. As a result, South Korea’s KOSPI Composite Index fell nearly 6%, while Japan’s Nikkei 225 Index lost more than 1%. Markets in Australia and mainland China also traded lower, while Hong Kong equities extended gains for a fourth consecutive session.
2026-07-07
Japanese Shares Struggle on Tech Weakness
The Nikkei 225 Index fell 0.7% to below 69,300 while the broader Topix Index rose 0.4% to 4,120 in mixed trading on Tuesday, as weakness in technology stocks continued to weigh on the broader market. Regional sentiment also weakened after Samsung Electronics shares tumbled despite the company reporting strong profit growth, supported by robust demand for AI data center memory chips. In Japan, investors assessed data showing nominal wages rose 3.2% in May, while household spending declined 0.4%. Major decliners included Kioxia Holdings (-8.3%), Taiyo Yuden (-5.6%), Murata Manufacturing (-4.3%), Lasertec (-6.4%), and Ibiden Co (-4.7%). In contrast, financial stocks such as Mitsubishi UFJ (3.5%), Mizuho Financial (3.2%) and Sumitomo Mitsui (1.8%) posted strong gains.
2026-07-07
The Nikkei 225 Index Closes 0.38% Lower
The Nikkei 225 Index decreased 265 points or 0.38 percent on Monday to close at 69479 points. The decline was led by Taiyo Yuden (-10.31%), Murata Manufacturing (-9.70%) and Minebea (-6.89%). On the upside, the strongest performers were Mitsui Engineering & Shipbuilding (10.43%), Mitsubishi Heavy Industries (8.20%) and Japan Steel Works (7.10%).
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