After opening on a positive note on the back of the yen's weakness against the U.S. dollar, the Japanese market retreated on Tuesday with investors indulging in some profit taking. However, amid selective buying, the market is currently trading marginally up.
The benchmark Nikkei 225 index, which declined to around 14,760 after rising to 14,839.8 in early trades, is currently up 20 points or 0.1 percent at 14,802.2.
Pioneer Corp. is up nearly 30 percent. Konami Corp. shares are trading higher by more than 11 percent. Nippon Electric Glass, Kansai Electric Power and Tokyo Electric Power are up 8 to 9 percent.
Citizen Holdings shares are up nearly 7 percent following a strong earnings forecast from the company. Dainippon Screen Manufacturing, Amada, Panasonic Corp. (PC), Ebara Corp., Chubu Electric Power, Astellas Pharma and Showa Shell Sekiyu KK are trading higher by 4 to 6 percent.
Nippon Sheet Glass, Sumitomo Electric Industries, Sony Corp. (SNE), Hitachi, Konica Minolta, Mitsui Chemicals, Inpex Corp. and Yahoo Japan are also trading sharply higher.
Meanwhile, Nisshin Steel Holdings, Takashimaya, NSK, Shinsei Bank, Heiwa Real Estate, Tokyu Land and Japan Steel Works are trading weak, losing 3 to 6 percent. J Front Retailing, Fujikura, Mitsubishi UFJ Financial (MTU), Olympus Corp., Bank of Yokohama, SMFG and Chiba Bank are trading lower by 1.4 to 2.8 percent.
On the economic front, the index measuring the prices of domestic corporate goods in Japan was up 0.3 percent on month at 101.4 in April, the Bank of Japan said. That beat forecasts for an increase of 0.1 percent, which would have been unchanged from the March reading.
On a yearly basis, prices were flat versus expectations for a decline of 0.2 percent following the 0.5 percent contraction in the previous month.
Export prices were down 1.2 percent on month and 2.9 percent on year, while import prices dipped 1.0 percent on month and 4.5 percent on year.
In the currency market, the U.S. dollar traded in the upper 101 yen range in early deals in Tokyo. The yen is currently trading at 101.53 to the U.S. dollar.
Among other markets in the Asia-Pacific region, Australia, Hong Kong, Malaysia, Singapore, South Korea and Taiwan are trading firm. New Zealand is up marginally, while Shanghai and Indonesia are trading weak.
On Wall Street, stocks showed a lack of direction on Monday after moving modestly lower during the earlier part of the session. Upbeat retail sales data limited the market's downside.
The major averages ended the day mixed, with the Dow posting a modest loss. While the Dow dipped 26.8 points or 0.2 percent to 15,091.7, the Nasdaq edged up 2.2 points or 0.1 percent to 3,438.8 and the S&P 500 inched up by less than a tenth of a percent to 1,633.8.
Major European markets ended mixed on Monday. While the French CAC 40 index edged down by 0.2 percent, the U.K.'s FTSE 100 index inched up by 0.1 percent and the German DAX index closed just above the unchanged line.
U.S. crude oil ended at a one-week low on Monday, mostly on demand growth concerns after a sharp decline in refined crude output for April in China and some soft economic data out of the world second largest economy.
Crude for June delivery ended down $0.87 or 0.9 percent at $95.17 a barrel on the New York Mercantile Exchange.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.