The Japanese stock market weakened on Friday. Compared to the steady earnings report released by Nintendo, investors are more concerned about SoftBank's valuation pressure. The trading day since SoftBank's earnings report was released has closed down for four consecutive days. Furthermore, Lasertec's performance fell short of expectations, causing its stock price to drop sharply by more than 9% in early trading, which also brought about a negative market perception. The Nikkei Index's upward momentum since last month's low appears to be weakening, and has now fallen below the 50% retracement level of the June-July decline. This may keep trending trading funds on the sidelines for a period of time.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.