Japanese Stock Market Falls for Third Consecutive Day as Auto and Pharmaceutical Stocks Decline
Deep News
Aug 21
Japanese stocks declined for the third consecutive day as investors remained cautious while central bank governors gathered in Jackson Hole, Wyoming. The Tokyo Stock Price Index fell 0.5% to 3,082.92, while the Nikkei 225 index dropped 0.4% to 42,733.87.
Automotive and pharmaceutical stocks led the decline, with transportation and construction sectors experiencing profit-taking. Meanwhile, some artificial intelligence-related stocks such as Advantest gained investor favor following yesterday's selloff.
Daiichi Sankyo was the biggest drag on the Tokyo Stock Price Index, falling 6.1%. Among the 1,679 stocks in the index, 397 advanced, 1,190 declined, and 92 remained unchanged.
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