The Nikkei 225 closed down 0.62% as valuation concerns over technology stocks grew ahead of earnings announcements. The TOPIX edged higher, while individual stocks showed a mixed performance, with both gainers and decliners.
The Nikkei 225 fell 0.62% to close at 64,916.70 points. Although it fell more than 2% at one point during trading, it later recovered before the close. By contrast, the TOPIX rose 0.04% to finish at 4,067.48 points.
Nikkei constituents showed a mixed performance, with 111 stocks advancing, 108 declining and 6 unchanged.
Taiyo Yuden recorded the largest decline, falling 4.85%. Trend Micro followed with a 4.21% decline, while Mercari fell 3.95%. On the upside, Toho led gainers with a 7.04% increase, followed by SHIFT, up 5.48%, and BAYCURRENT, which finished 5.35% higher.