Japanese Nikkei Index Records Longest Losing Streak of 2023

The Japanese Nikkei index recorded its longest losing streak of the year today, Tuesday, as shares of many major technology companies in the country declined. The Nikkei closed down 0.49%, reducing losses that persisted for most of the afternoon trading. Earlier in the day, the index had fallen by as much as 1.2%. The Nikkei dropped 3.1%, continuing a losing streak that has lasted for four days, the longest since mid-December. It had previously hit a 33-year high of 33,772.89 points on June 19. The broader Topix index also fell, down 0.28%.