Japan shares Drop on Chip Companies and Sony jump on Positive Outlook

Japanese shares ended a three-day winning streak on Thursday, February 4th, pressured by declines in shares of chip-related companies, but higher Sony shares limited some of the losses.

Sony shares rose 9.54%, reaching their highest levels since September 2000, and was among the biggest gainers on the Nikkei index after the electronics and media giant raised its one-year profit forecast.

The Nikkei index fell 1.06% to 28,341.95 points, while the broader Topix index fell 0.32% to 1,865.12 points.