Tokyo’s stock market experienced further declines on Tuesday, with both the Nikkei 225 and the broader TOPIX index falling by 0.9%, building on losses from the previous trading session. The Nikkei 225 closed at 56,487.90 as of 3:12:55 PM GMT+9, according to Google Finance data.
The downturn follows Monday’s release of Japan’s fourth-quarter GDP report, which reportedly undershot expectations, according to Trading Economics. On Monday, the Nikkei 225 fell 0.24% to close at 56,806, while the TOPIX lost 0.82% to 3,787.
Recent news reports indicate varied performance within the Japanese market. Boerse.de reported that Asian stocks were mixed, with the Nikkei weaker while Hong Kong saw gains, coinciding with China’s New Year celebrations. ARIVA.DE noted declines in shares of Seven & I Holdings and Nikon, with Nikon’s stock falling by 7.01% to 10.1825 €.
Despite the recent declines, some analysts remain optimistic about the long-term prospects of the Japanese stock market. Wallstreet Online reported on an expert interview highlighting the potential of Japanese stocks, citing dividends, share buybacks, and overall market performance. ARIVA.DE also reported on Japan’s expansive fiscal policy and the Nikkei’s recent all-time high and 7% weekly gain.
Compared to other major global indices as of 3:12:55 PM GMT+9, the Nikkei 225’s performance on Tuesday lags behind the Hang Seng Index (up 0.52%), the KOSPI (up 0.28%), the Dow Jones Industrial Average (up 0.099%), the SSE Composite Index (up 1.26%), the NIFTY 50 (up 0.20%), the DAX Performance-Index (up 0.46%), the FTSE 100 Index (up 0.26%), and the TOPIX (up 0.64%). The S&P 500 is up a marginal 0.050%, while the BSE SENSEX is up 0.32%.
