{"id":75337,"date":"2026-07-02T01:47:43","date_gmt":"2026-07-02T01:47:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/07\/02\/japanese-market-sharply-lower-96\/"},"modified":"2026-07-02T01:47:43","modified_gmt":"2026-07-02T01:47:43","slug":"japanese-market-sharply-lower-96","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/07\/02\/japanese-market-sharply-lower-96\/","title":{"rendered":"Japanese Market Sharply Lower"},"content":{"rendered":"
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The Japanese market is trading sharply lower on Thursday, snapping the three-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 69,500 level, with weakness in technology<\/span> stocks partially offset by gains in automakers and financial stocks.<\/p>\n

The benchmark Nikkei 225 Index is down 1,000.93 points or 1.42 percent to 69,474.03, after hitting a low of 68,676.26 earlier. Japanese stocks ended notably higher on Wednesday.<\/p>\n

Market heavyweight SoftBank Group is flat and Uniqlo operator Fast Retailing is gaining almost 1 percent. Among automakers, Toyota is gaining almost 4 percent and Honda is also adding almost 4 percent.<\/p>\n

In the tech space, Advantest is tumbling almost 7 percent, Screen Holdings is declining more than 5 percent and Tokyo Electron is slipping almost 5 percent.<\/p>\n

In the banking sector, Sumitomo Mitsui Financial and Mizuho Financial are advancing almost 3 percent each, while Mitsubishi UFJ Financial is gaining almost 2 percent.<\/p>\n

Among the major exporters, Mitsubishi Electric is losing almost 2 percent and Panasonic tumbling almost 4 percent, while Sony is advancing almost 4 percent and Canon is gaining almost 2 percent.<\/p>\n

Among other major losers, Kioxia Holdings is tumbling almost 13 percent and Mitsui Kinzoku is plunging more than 9 percent, while Furukawa Electric, Ibiden and Murata Manufacturing are slipping almost 8 percent each. Disco is sliding almost 7 percent, while Taiyo Yuden and Fujikura are declining more than 6 percent each. Resonac Holdings, Fuji Electric, Lasertec and Minebea Mitsumi are losing more than 5 percent each.<\/p>\n

Conversely, Nomura Research Institute, BayCurrent and Japan Airlines are soaring almost 7 percent each, while NEC, CyberAgent, SHIFT, Mercari, Tokio Marine and Konami Group are jumping almost 6 percent each. M3 and Olympus are surging more than 5 percent each, while Trend Micro, Otsuka Holdings, Shiseido and ANA Holdings are advancing almost 5 percent each.<\/p>\n

In economic news, the monetary base in Japan was down 13.7 percent on year in June, the Bank of Japan said on Thursday – coming in at 559.203 trillion yen. That missed expectations for a fall of 10.0 percent following the 12.2 percent decline in May. Banknotes in circulation fell 1.8 percent, while coins in circulation slipped 1.1percent. Current account balances lost 16.4 percent, including a 14.6 percent drop in reserve balances. For the second quarter of 2026, the monetary base was down an annual 12.4 percent.<\/p>\n

In the currency market, the U.S. dollar is trading in the higher 162 yen-range on Thursday.<\/p>\n

On Wall Street, stocks were higher for much of Wednesday’s trade but a late slump saw them finish under water. The weakness that emerged on Wall Street was the result of ongoing concerns that the AI companies and chipmakers may be overbought – which had the biggest effect on the tech-heavy NASDAQ.<\/p>\n

The Dow dipped 13.96 points or 0.03 percent to finish at 52,305.24, coming off a record closing high. The NASDAQ sank 173.69 points or 0.66 percent to close at 26.040.03 and the S&) 500 fell 16.13 points or 0.22 percent to end at 7,483.23.<\/p>\n

Meanwhile, the major European markets<\/span> turned in a mixed performance on the day. The UK’s FTSE 100 drifted down 0.18 percent and France’s CAC 40 closed 0.79 percent down, while Germany’s DAX moved up 0.18 percent.<\/p>\n

Crude oil prices tumbled again on Wednesday amid gradual recovery in tanker traffic across the Strait of Hormuz. West Texas Intermediate crude for August delivery was down $1.12 or 1.61 percent at $68.38 per barrel. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n