19.08.202503:08:25UTC+00Japanese Shares Slip, SoftBank Retreats

On Tuesday, the Nikkei 225 index declined by 0.2% to approximately 43,650, while the broader Topix index experienced a slight decrease of 0.1% to 3,118. This downturn in Japanese equities came as investors engaged in profit-taking and exercised caution, following a period of record highs. Market participants were particularly attentive to ongoing peace negotiations between Russia and Ukraine, catalyzed by US President Donald Trump's call for Russian President Vladimir Putin to arrange a summit with Ukraine's President, Volodymyr Zelenskiy. Meanwhile, global investors anticipated insights from Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole symposium later in the week, seeking indicators regarding the trajectory of US interest rates. In corporate developments, SoftBank Group saw a 2% decrease, retreating from its all-time high amid reports of its planned $2 billion investment in the financially troubled US chipmaker, Intel. Other significant losers included Sanrio, which declined by 6.5%, Fujikura by 3.2%, and Mitsubishi UFJ by 2%.