The 225-issue Nikkei Stock Average ended down 632.73 points, or 1.63 percent, from Tuesday at 38,202.37. The broader Topix index finished 39.79 points, or 1.45 percent, lower at 2,706.43.
On the top-tier Prime Market, decliners were led by insurance, wholesale trade and electric appliance issues.
The
Stocks opened lower and extended their losses, with the
The declines were briefly trimmed after Toyota announced a share buyback plan, in line with its robust earnings results as its operating profit almost doubled in fiscal 2023 from a year earlier to top
But it failed to reverse the overall trend in the market, with the auto giant's earnings outlook for the current business year coming short of market expectations. Toyota ended the day down 0.6 percent at
"Investors moved to lock in recent gains even though
==Kyodo
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