Japan's Nikkei retreats as traders take profits after tech rally
Japan's Nikkei index reversed early gains, closing down 0.14% as investors cashed in on a tech rally. While AI shares initially surged, profit-taking dominated the afternoon session. SoftBank Group and Sony Group saw significant movements, with SoftBank announcing a stock split and strong profits after market close. The broader Topix managed a slight increase.
Japan's Nikkei index reversed early gains, closing down 0.14% as investors cashed in on a tech rally. While AI shares initially surged, profit-taking dominated the afternoon session. SoftBank Group and Sony Group saw significant movements, with SoftBank announcing a stock split and strong profits after market close. The broader Topix managed a slight increase.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
