The Japenese stock exchange closed with a loss on Tuesday. In Japan, the fiscal year is ending at the end of this month, and many Japanese investors seem to be taking some profit after the strong boom of nearly 90 percent of the stock market this year.
The other stock market indicators in the Asian region also predominantly fell after the substantial price gains the day before.
Tokyo’s leading Nikkei ended up going 0.9 percent down the day at 29,408.17 points. On the first day of March, the main index showed a substantial recovery with a price jump of more than 2 percent. Earlier this year, the Nikkei returned above the psychological threshold of 30,000 points for the first time in over thirty years.
The Chinese stock markets showed significant losses. The stock market gauge in Shanghai dropped 1.6 percent, and the Hang Seng index in Hong Kong fell 1.5 percent.
In Sydney, the All Ordinaries closed 0.4 percent. The Australian central bank maintained its stimulus policy and kept interest rates unchanged at 0.1 percent, as expected. The central bank emphasized that its employment and inflation targets are unlikely to be reached before 2024.
In South Korea, where investors returned after a long weekend, the stock market caught up and climbed 0.7 percent.