Nikkei falls 1.23% to lowest since May 1 on profit-taking
NewsBytes | May 20, 2026 5:39 PM CST
SoftBank Group falls, Ube Corp rises
SoftBank Group led declines with a 6% fall, and Tokyo Electron dropped 2.25%.
Fujikura, a key supplier for AI data centers, tumbled more than 8% after disappointing profit forecasts, prompting Kazuaki Shimada, chief strategist at IwaiCosmo Securities, to call it an appropriate adjustment of Nikkei's reliance on a small group of shares for the market.
Still, not all was gloomy: Advantest edged up ahead of NVIDIA's earnings report, and Ube Corp soared nearly 21% after announcing bigger dividend payouts.
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