Japan's Nikkei Index Closes Lower in Asian Trading

Japanese stocks closed lower on Monday, with the Nikkei index declining across several sectors. Transportation and telecommunications were among the hardest hit.

Among the leading stocks that saw significant declines were Marui Group Co., down 8.7%; Nikon Corp., down 7.9%; and Subaru Corp., down 7.1%.

The Nikkei index itself fell by 1.81%.

On the other hand, Terumo Corp. was the top performer, surging 18.2%.

The Nikkei

While the Nikkei index remains in a strong upward trend, it has begun a corrective pullback, falling to around 60,375 on the daily timeframe.

The outlook still points to a continued rise in the long term, and the buying zones near the 59721 levels are still considered among the most important buying zones on the index, which may push the index to rise again in the medium term.