Tokyo Stocks Turn Lower after 6-Session Climb
Tokyo, Aug. 14 (Jiji Press)--Tokyo stocks turned lower Thursday as investors locked in profits from the six-session rallies of the key Nikkei 225 and TOPIX indexes through the previous day.
The Nikkei fell 625.41 points, or 1.44 pct, to end at 42,649.26. The broader TOPIX gave up 33.96 points, or 1.10 pct, to finish at 3,057.95.
Selling hit many stocks due to investor concerns over the market's recent rapid advance.
"There was a sense of overheating after (the Nikkei) rose almost 3,000 points in the past six trading days," an official at a bank-affiliated securities company said. "The decline is within what can be considered a speed correction," the official added.
Semiconductor-related names that are heavily weighted in the Nikkei average led the market down. "While there were no specific selling cues, chip issues were pressured by selling after the (market's long) rally," an official at a major securities firm said.
(2025/08/14-16:03)
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