Tokyo Stocks Close Tuesday Lower
The 225-issue Nikkei Stock Average shed 239.92 points, or 0.42 percent, closing at 56,566.49 — pulling further back from the heights scaled during last week's election-fueled rally. The broader Topix index mirrored the downward trend, sliding 25.83 points, or 0.68 percent, to finish at 3,761.55.
Analysts attributed the selloff largely to profit-taking following the market's sharp post-election advance, with traders reluctant to extend positions ahead of the parliamentary session set to open Wednesday. Adding to the cautious mood, Japanese Prime Minister Sanae Takaichi is expected to deliver a closely watched policy speech later in the week — a address markets will be parsing for signals on the government's economic and fiscal direction.
The back-to-back declines underscore a broader pattern of consolidation as Japan's financial markets shift from reacting to the election result toward assessing what the new political landscape will mean in practice for policy and economic governance.
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