The Japanese Nikkei index fell on Tuesday, ending a six-day streak of gains that had pushed it to its highest level in 34 years.
Nikkei declined by 0.79 percent to 35,619.18 with only a rise of 47 shares versus a decrease of 178.
The Topix index, which is the broadest index, declined by 0.82 percent to 2503.98.
The Nikkei rose briefly to 36,008.23 points yesterday, reaching a level not seen since February 1990, but it did not sustain and closed at 35,901.73 points.
According to Kyle Rouda, senior financial market analyst at Capital.com, he stated that the market has reached irrational levels.
The volatility scale in the Nikkei index decreased to 21.2 points.
After the closure yesterday on Monday, the market witnessed the first release of a list of companies that complied with the invitation from the Tokyo Stock Exchange to disclose plans for improving capital efficiency.
The stock exchange stated that nearly half of the companies in the high-profit, internationally active companies section responded, although some Japanese companies such as Toyota Motor and SoftBank were not on the list.
It appears that there have only been slight changes in both companies today, Tuesday, with Soft Bank’s stock declining by 0.73% and Toyota Motor’s stock falling by 0.23%.
The stocks of Nixon, an electronic gaming company, declined by 4.73 percent, while the stock of Toho, an entertainment material production company, dropped by 3.81 percent. Additionally, the stock of Dai Nippon Printing decreased by 3.47 percent.
These three companies recorded the largest percentage loss on the Nikkei index.