Japan’s Nikkei share average fell 0.6% on February 17, 2026, to 56,451.43, dragged by SoftBank Group’s decline as post-election enthusiasm waned and U.S. markets were closed for Presidents’ Day, leaving investors short on trading cues. The index marked a fourth consecutive session of losses. Analysts pointed to a lack of catalysts and technical factors as the main drivers.
Tokyo, Feb 17 (Reuters) – Japan’s Nikkei share average dropped on Tuesday, with SoftBank leading losses, as post-election euphoria lost momentum and the U.S. Presidents’ Day market holiday left investors with few trading cues.
The Nikkei .N225 was down 0.6% at 56,451.43, as of 0130 GMT, extending its decline for a fourth consecutive session. The broader Topix .TOPX dropped 0.4% to 3,771.16.
“There’s just far too little in the way of catalysts,” said Ryotaro Sawada, senior analyst at Tokai Tokyo Intelligence Laboratory. “The price action seems mainly driven by technicals and supply-demand.” The post-general-election rally from last week, following fiscal dove Prime Minister Sanae Takaichi’s landslide victory, also appeared to fade, he added.
Shares of SoftBank Group fell 4.6%, making them the biggest percentage losers and weighing in the Nikkei index by 170 points. The technology and investment conglomerate’s stock has been volatile, swinging between gains and losses over the past four sessions.
General engineering manufacturer Kawasaki Heavy Industries 7012.T lost 4.3%, while Recruit Holdings 6098.T, a human-resources service provider, slid nearly 4%.
Defying the overall somber trend, Sumitomo Pharma 4506.T turned the largest percentage gainer with a 6% jump, as Japan’s health ministry is set to review the drugmaker’s iPS cell-derived therapy for advanced Parkinson’s disease this week.
Shares of Sojitz 2768.T climbed 5.7% after the trading house said it would expand imports of Australian rare-earth elements from Lynas Rare Earths LYC.AX. Sumco 3436.T, a high-purity silicon maker, climbed nearly 5%.
