The Nikkei is down 0.33% at the close

Japan’s Nikkei fell at the close Tuesday in range-bound trade, with technology shares leading losses amid caution over the global economic outlook.

The Nikkei fell 0.33% to close at 27,279.80 points, following fluctuations between small gains and losses.

The Nikkei touched its highest level in more than a month on Monday, following Shanghai announced stimulus measures and a decision to ease the closure imposed in the city.

The broader Topix index fell 0.51% to 1912.67 points.

Tokyo Electron fell 1.92% and was the lowest on the Nikkei index. Shares of KDDI for phones fell 1.41%, and robotics maker Fanuc fell 0.99%.

The index of oil drilling companies jumped 5.93% and was among the highest gainers among the sub-indices on the Tokyo Stock Exchange.

Inpex’s stock rose 6.20%, to record the highest rise on the Nikkei index, followed by Subaru, the car manufacturer, which rose 4.45%.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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