Japan’s Nikkei stock market index fell on Friday after three days of rising numbers. Investors decided to sell some of their stocks and take profits following a big jump on Thursday. The stronger Japanese yen also made investors feel less optimistic. The Nikkei dropped by 0.79% to end at 39,149.43 but still had a good week overall, going up 1.74%.
Traders wanted to cash in on their gains after a big increase of more than 1% the previous day, the most significant rise in three weeks. The yen went up by 0.21% against the dollar, now at 152.5 yen. Investors are waiting for clear information about U.S. tariffs, which is affecting their confidence in pushing the Nikkei past the 40,000 mark.
Fast Retailing, known for its Uniqlo stores, fell by 1.55%, which affected the Nikkei the most. Tokyo Electron, a company that makes chip-making equipment, dropped 2.07%. Meanwhile, the broader Topix index fell by 0.23% to 2,759.21.
Sony Group was a standout performer, rising by 8.65% as it announced strong results from its gaming and music divisions. Toppan Holdings jumped by 15.52% after it raised its annual profit forecast. Nissan and Honda also saw gains of 2.55% and 2.48%, respectively, after stopping talks about a $60 billion car company. Among more than 1,600 stocks on the Tokyo Stock Exchange’s prime market, 28% went up, 68% went down, and 3% stayed the same.
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