Markets Score 35 Bearish

Nikkei 225 Retreats as Profit Taking and SoftBank Slump Weigh on Tokyo

Apr 09, 2026 01:19 UTC

N225, 9984.T, 7203.T, 7267.T, 8306.T, 8309.T, 8411.T

Immediate term

The Japanese benchmark index fell below the 28,100 level on Monday as investors locked in gains following a strong previous session. A significant drop in SoftBank Group, driven by subsidiary losses, further pressured the market.

Nikkei 225 closed at 28,070.31, down 0.68%
SoftBank Group dropped nearly 11% on subsidiary losses
Major banks including Mizuho and Mitsubishi UFJ saw declines
Shiseido and Tokyo Electron provided positive offsets
USD/JPY traded in the lower 139 range

The Nikkei 225 Index declined 0.68%, dropping 193.26 points to close at 28,070.31. This downturn came despite positive momentum from Wall Street, where major indices reached multi-month highs on Friday, including a 1.9% surge in the Nasdaq. The retreat was primarily characterized by profit-taking after a sharp rally in the prior session. Market sentiment was further dampened by a steep decline in heavyweight SoftBank Group, which plummeted nearly 11% following a substantial quarterly loss reported by its subsidiary. Financial stocks faced broad selling pressure, with Mizuho Financial falling 1.5%, while Sumitomo Mitsui and Mitsubishi UFJ both declined approximately 1%. Other notable losers included Dowa Holdings, which crashed over 14%, and Olympus, which fell nearly 9%. In contrast, some sectors showed resilience. Tokyo Electron rose more than 2%, and Shiseido surged nearly 6%. In the currency market, the U.S. dollar remained in the lower 139 yen range. The Japanese dip occurred against a backdrop of rising crude oil prices, which climbed to $88.96 per barrel, supported by a weakening dollar and reports of China easing quarantine restrictions.