Tokyo Stock Exchange
12:28 JST, April 25, 2024 (updated at 16:00 JST)
TOKYO (Reuters) – Japan’s Nikkei share average fell 2% on Thursday after a three-session rally, with technology stocks leading the retreat, while investors waited for a Bank of Japan policy decision on Friday for further direction.
The Nikkei closed 2.16% lower at 37,628.48. It had risen 2.4% on Wednesday in its biggest jump in more than a month and reclaimed the 38,000 level.
The broader Topix fell 1.74% to 2,663.53.
“The market has been volatile lately because there are many uncertainties that have changed investors’ premises,” said Kentaro Hayashi, a senior strategist at Daiwa Securities.
“Inflation in the U.S. is more persistent than expected, which has pushed U.S. yields higher, and tensions in the Middle East have lifted oil prices.”
A Nikkei volatility index , which on April 19 hit its highest…
