TOKYO, July 25 (Xinhua) -- Tokyo stocks ended lower Thursday, as tech shares tracked Wall Street plunges and exporters were hit by the yen's sharp appreciation, with the Nikkei benchmark logging its biggest single-day point fall in eight years.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 1,285.34 points, or 3.28 percent, from Wednesday at 37,869.51, extending its losing streak to seven days and registering the largest point loss since June 24, 2016.
The broader Topix index, meanwhile, finished 83.26 points, or 2.98 percent, lower at 2,709.86.
Heavyweight technology shares such as Advantest and SoftBank Group lost ground after their U.S. counterparts were sold widely as the latest earnings reports from major tech firms disappointed investors, fueling concerns that the market had been overly optimistic about prospects for growth in the sector, analysts said.
The yen's surge to the 152 range against the U.S. dollar also spurred selling of export-oriented auto and electronics issues, they added.
Market watchers here said the Nikkei is in a correction phase, as the market had been overheated due to rapid advances. ■
