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Foreign Markets - Detailed News

Profit Booking drags Japanese stocks
07-Oct-26   17:26 Hrs IST
The Nikkei 225 declined 0.92% to settle at 70,035 on Wednesday, interrupting a two-session advance as investors initiated profit-taking following the benchmark index’s ascent to a three-month peak. Japanese equities demonstrated relative weakness compared to Wall Street, which registered further record highs overnight.

Technology and artificial intelligence equities were under significant downward pressure, evidenced by declines in Kioxia Holdings, which decreased 4.5%, Advantest, down 1.3%, Fujikura, falling 2.7%, Disco Corp, losing 6.3% and Tokyo Electron, dropping 2.4%. Financial sector participants also demonstrated weakness, with Mitsubishi UFJ retreating 1.3%, Sumitomo Mitsui decreasing 1.7% and Mizuho Financial declining 2.4%.

Crude prices advanced as persistent threats to energy distribution from the Middle East tempered indications of enhanced regional production. The increase in oil prices maintained heightened inflation anxieties and contributed to a circumspect tone in equities.

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