FX.co ★ Japanese Shares Fall for Third Consecutive Session

On Tuesday, the Nikkei 225 index dipped by 0.9%, dropping below 40,700, while the broader Topix Index decreased by 0.8% to 2,908. This marked the third consecutive day of declines for Japanese stocks. The initial boost of confidence from recent trade deals started to fade as investors refocused on ongoing US-China trade discussions taking place in Stockholm. Additionally, focus shifted to a bustling week ahead for domestic corporate earnings, with prominent companies including Advantest, Keyence, Tokyo Electron, Nintendo, ANA Holdings, and Japan Airlines slated to report their results. The technology sector experienced significant declines, with Disco falling by 1.4%, Lasertec plummeting by 4.9%, and Hitachi decreasing by 1.4%. Other notable decliners included Mitsubishi Heavy (-1.3%), Nomura Research (-1.7%), and Toyota Motor (-1.6%), collectively exerting further downward pressure on the broader market.