The Japanese stock market fell for the third consecutive day. Automotive and pharmaceutical stocks declined.

The Japanese stock market has fallen for the third consecutive day, with investors remaining cautious as central bank governors gather in Jackson Hole, Wyoming. The TOPIX index fell 0.5% to 3,082.92, while the Nikkei 225 index dropped 0.4% to 42,733.87. Automobile and pharmaceutical stocks declined, while the transportation and construction sectors faced profit-taking. Meanwhile, some artificial intelligence-related stocks such as IBM attracted investors' favor after being sold off yesterday. Daiichi Sankyo suffered the largest decline in the TOPIX index, down by 6.1%. Out of the 1,679 stocks in the index, 397 rose, 1,190 fell, and 92 remained unchanged.