---
title: "Japan's stock market: Giving back gains and closing near flat, market sentiment turns cautious ahead of Nvidia's earnings report"
description: "The Japanese stock market's Nikkei index closed flat on Wednesday, giving back an early gain of up to 1.2% as market sentiment turned cautious ahead of Nvidia's earnings report. The Nikkei index fell "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242144971.md"
published_at: "2025-05-28T07:47:08.000Z"
---

# Japan's stock market: Giving back gains and closing near flat, market sentiment turns cautious ahead of Nvidia's earnings report

> The Japanese stock market's Nikkei index closed flat on Wednesday, giving back an early gain of up to 1.2% as market sentiment turned cautious ahead of Nvidia's earnings report. The Nikkei index fell by 1.71 points to 37,722.40 points, ending a three-day winning streak. The weakening yen had previously boosted the market, but poor results from Japan's ultra-long-term bond auction led to rising yields, dampening market sentiment. Despite the overall cautious atmosphere, Nvidia supplier Advantest's stock price rose by 1.6%

Japanese Stock Market: Giving Back Gains, Closing Near Flat; Cautious Market Ahead of Nvidia's Earnings Report

Reuters Tokyo, May 28 - The Japanese stock market's Nikkei index closed flat on Wednesday, giving back as much as 1.2% of its early gains, as market sentiment turned cautious ahead of the earnings report from AI chip leader Nvidia (NVDA.O) later today.

The Nikkei index (N225) closed down 1.71 points at 37,722.40 points, remaining essentially flat but halting a three-day streak of gains.

The Tokyo Stock Price Index (Topix) also remained flat, edging up 0.02 points to close at 2,769.51 points.

Japanese stocks were initially buoyed by a significant weakening of the yen; however, poor results from Japan's ultra-long-term government bond auction led to rising yields, dampening market sentiment.

The Nikkei index briefly surged to 38,178.73 points in the morning session but struggled to maintain its position above the key psychological level of 38,000 points.

Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, stated that the Nikkei index needs some additional momentum, such as further positive developments in U.S. tariff negotiations, to firmly stand above 38,000 points.

He added that while the weakening yen has boosted market confidence, "it cannot be said that the currency market has stabilized."

Despite the cautious atmosphere at the market close, chip testing equipment manufacturer and Nvidia supplier Advantest (6857.T) saw a 1.6% increase in its stock price.

In contrast, chip manufacturing equipment maker Tokyo Electron (8035.T) turned from early gains to a 0.1% decline.

Automakers mostly performed strongly in the morning session, but ended mixed. Honda Motor (7267.T) rose 1.3%, while Toyota Motor (7203.T) gave back gains, falling 0.3%.

Nissan Motor (7201.T) was one of the most volatile stocks today, surging 4.6% at midday after media reports indicated the company plans to raise over $7 billion to help turn around its business. However, the stock ultimately closed down 0.3%

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
