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Nikkei dips as soft data, post-election lull cap moves
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Nikkei dips as soft data, post-election lull cap moves
Mar 11, 2026 4:12 AM

TOKYO, Feb 16 (Reuters) - Japan's Nikkei share average

drifted lower on Monday, with financials leading losses, as

weaker-than-expected economic data and a ​post-election lull

capped moves.

The Nikkei 225 Index ‌was down 0.2% at 56,824.37, as

of 0146 GMT. The broader ⁠Topix slid 0.7% to 3,792.63.

Preliminary October-December gross domestic ⁠product (GDP)

figures showed that the Japanese ‌economy missed economists'

median ‌forecast on softer capital spending, although it did

reverse the previous ​quarter's contraction.

"I figured the ‌GDP figures would be treated as past figures,

but seeing the Nikkei average struggling ​to gain, there may ​be

some slight ‌impact," said Masahiro Ichikawa, chief market

strategist at Sumitomo Mitsui DS Asset Management.

The rally in Japanese ⁠equities following Prime Minister

Sanae Takaichi's snap-election victory ⁠earlier this month may

also have run its course for now, Ichikawa added.

The banking sector was down 3.22%, with Resona

Holdings ( RSNHF ) and Mizuho Financial Group ( MFG ) ⁠dropping

7% ‌and nearly 5%, respectively.

The largest loser ‌by percentage in the Nikkei was medical

equipment maker ⁠Olympus, down nearly 13%, following

disappointing earnings. Printing and electronics firm Toppan

Holdings fell 5.5%.

Bucking the overall sombre mood, shares of Sumitomo Pharma ( DNPUF )

surged 13.9% to lead the Nikkei's gainers by percentage

after the drugmaker said Japan's health ministry ​would review

its iPS cell-derived therapy for advanced Parkinson's disease

this week.

Credit card company Credit Saison ( CSASF ) jumped 9%, ​and

furniture maker Nitori ( NCLTF ) ‌Holdings gained 8.2%.

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