Japanese stocks close lower, pressured by the decline of Wall Street, and Toshiba shares jump

Japanese shares closed lower on Friday for the first time in four sessions, tracking Wall Street, which fell overnight after the Fed’s interest rate views, while Toshiba shares rose sharply after opening the door to acquisitions.

The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the broader Topix index fell 1.19 percent, recording 1905.15 points. Technology stocks led to the decline.

The Nikkei fell for the whole week by 0.04 percent, while Topix rose 0.47 percent.

Toshiba shares jumped 4.65 percent after the company said it would seek deals, including potential acquisitions.

Chip equipment maker Tokyo Electron led the declines in the Nikkei, which fell 2.1 percent. The shares of Fast Retailing, which operates Uniqlo stores, fell by 2.7 percent, and SoftBank’s shares fell by 3.01 percent.

All sub-indices of sectors in the Japanese stock market declined except for three.

The index of insurance companies rose 0.91 percent with the increase in US Treasury yields.