The Nikkei index fell sharply at the close of trading on Wednesday.

Japanese stocks closed sharply lower on Wednesday, with losses across several sectors, most notably transportation and paper.

Among the biggest decliners were NEC Corp., down 11.8%; Nintendo Co Ltd, down 11%; and Recruit Holdings Co., down 10.1%.

The Nikkei index also fell by 0.63%.

Regarding the leading stocks that rose, the most prominent was NSK Ltd, which saw a 9.2% increase.

Japanese Nikkei

As for the analysis of the Japanese Nikkei index, despite closing lower, it rose today to levels of 54,985. Based on current price action, the index may continue its upward trend, as we previously mentioned in our weekly analysis video.

Generally, the index remains a buy on any dips, and the demand zone around 51,940 remains a strong buying opportunity. It is advisable to focus on buying opportunities when price action on lower timeframes supports buying, and to avoid selling.