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Japan's Nikkei retreats from record high as SoftBank Group falls
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Japan's Nikkei retreats from record high as SoftBank Group falls
May 7, 2026 7:09 PM

TOKYO, May 8 (Reuters) - Japan's Nikkei share average

pulled back on Friday from a record high set in the last

session, as SoftBank Group fell and renewed U.S.-Iran

hostilities weighed on investor sentiment.

The Nikkei was down 0.3% at 62,636.00, as of 0104

GMT. It jumped 5.6% on Thursday to close at a record high after

crossing the psychological level of 63,000 for the first time.

The broader Topix was down 0.66% at 3,815.09.

"Compared with the previous session's sharp gains, the

decline in today's market is marginal," said Hitoshi Asaoka,

chief strategist at Asset Management One.

Also weighing on the market was a rise in crude oil prices

after the United States and Iran exchanged fire and put a

month-long Middle East ceasefire in doubt.

Technology investor SoftBank Group fell 4.6% to

drag the Nikkei lower the most after the U.S.-listed shares of

Arm Holdings tumbled overnight on smartphone market

weakness and AI chip supply concerns.

Fibre optic cable maker Fujikura ( FKURF ) lost 1.18%.

Bank shares weighed on the Topix, with Mitsubishi UFJ

Financial Group ( MUFG ) and Mizuho Financial Group ( MFG )

losing 2.11% and 3.54%, respectively.

Sony Group ( SONY ) slipped 2.3%.

Chip-testing equipment maker Advantest ( ADTTF ) reversed

early losses to rise 1%.

Silicon wafer maker Sumco ( SUMCF ) jumped 10.22% to become

the top percentage gainer on the Nikkei.

Robot maker Fanuc ( FANUF ) rose 7.4%.

Of the more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 69% fell, 27% rose and 3% traded flat.

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