TOKYO, Aug. 19 (Xinhua) — Tokyo stocks retreated from record highs on Tuesday after selling pressure emerged as investors grew cautious about overheating.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, went down 168.02 points, or 0.38 percent, to close at 43,546.29.
SoftBank Group, which announced an investment in U.S. chipmaker Intel, initially surged to fresh post-split record highs. However, the stock later reversed course, shaving about 135 points off the Nikkei that weighed heavily on the broader market.
Game-related shares, including Nintendo, which had recently hit record highs, also saw notable declines.
Optimism over a potential U.S. Federal Reserve rate cut in September and easing concerns about corporate earnings further supported the advance.
The broader Topix index fell 4.33 points, or 0.14 percent, to close at 3,116.63.
On the Tokyo Stock Exchange Prime Market, 1,055 gained, 511 declined, and 54 were unchanged. ■