Global Market: Japan's Topix rises on oil price drop, Nikkei weighed down by tech

Japans Topix gained 0.50% to 4,084.74, extending its longest winning streak since August 2025, while the tech-heavy Nikkei 225 closed flat at 69,737.69. Gains were led by shipping, autos, and machinery sectors, with Toyota Motor up 3.36% and Mitsubishi Heavy Industries climbing 8.39%, while tech suppliers Taiyo Yuden, Ibiden, and Murata Manufacturing fell sharply. Investors weighed a hawkish Federal Reserve stance under Chair Kevin Warsh, expected Bank of Japan tightening, rising JGB yields touching levels last seen in October 1996, and yen weakness that raised intervention risks.