Economy Politics Country 2025-12-08T13:15:31+00:00

Japanese Market Pressured by SoftBank Stock Decline

Japan's Nikkei 225 fell 124 points as SoftBank shares dropped 3.3%. Investors are cautious ahead of the Bank of Japan's rate decision, but the index was supported by 177 of its 225 components rising.


Japanese Market Pressured by SoftBank Stock Decline

The Japanese stock market ended the day in the red due to a decline in SoftBank shares. The Nikkei 225 index fell by 124 points, driven by a 3.3% drop in SoftBank Group's stock. Despite growing market expectations that the Bank of Japan will raise interest rates next week, traders are refraining from making large moves, unlike those seen in the market last week. Nevertheless, the Nikkei index still rose 0.2% to 50,581.94, with 177 of the 225 constituent stocks increasing. Meanwhile, the sharp decline in SoftBank's stock, a market leader, limited the overall gains. The market's uptick was also supported by the recent stabilization of the yen. In contrast, shares of Fast Retailing, the owner of the Uniqlo brand, showed a positive trend.