Japanese stocks dip on profit-taking

The Japanese Nikkei index declined by 0.92% today to 70,035.71 points, after surpassing the 70,000-point mark for the first time in three months. Investors booked profits following a strong upward wave that saw gains of nearly 5% during the current month. Stocks of artificial intelligence and semiconductor companies, such as Advantest and Tokyo Electron, fell due to weak performance in American stocks and stable market expectations. Meanwhile, pressure continued on some major company shares, as some experts predict that the start of the Japanese fiscal year typically marks a period for profit-taking and cashing out by investors.

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