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Japan stocks fall as technology shares see heavy selling

07-Jul-26 15:41 Hrs IST

Japanese stock markets ended sharply lower on Tuesday, led by a broad selloff in technology shares. The Nikkei 225 fell 2.12% to close at 68,257, its lowest level in three weeks, while the broader Topix index declined 0.97% to 4,062.

Investors also assessed domestic economic data, which showed nominal wages rose 3.2% in May, while household spending fell 0.4%, reflecting mixed signals for the economy.

Technology stocks were among the biggest losers, with Kioxia Holdings tumbling 11.3%, Taiyo Yuden falling 11%, Murata Manufacturing losing 10.1%, Lasertec declining 6.4%, and Ibiden Co dropping 7%.

In contrast, financial and consumer stocks outperformed the broader market. Mitsubishi UFJ gained 2.3%, while Fast Retailing rose 1.1%, helping limit the overall market decline.

76,503.60 -1,677.12 ( -2.15%)

52,927.94 -148.97 (-0.28%)

7,522.05 -36.38 (-0.48%)

67,213.51 -1,043.45 (-1.53%)

10,469.05 -196.83 (-1.85%)

95.36 0.17 (0.18%)

108.98 0.13 (0.12%)

127.38 0.36 (0.28%)

0.59 0.00 (-0.24%)