Nikkei 225 Falls 1.26% to 66,618 After Record Highs

The Nikkei 225 closed 1.26% lower at 66,618 on June 5, extending losses after hitting a record high of 68,402.13 on June 3. The pullback follows a volatile stretch of multiple all-time highs, including 67,476 on June 4, 66,934 on June 1 and 66,329 on May 31, with daily swings exceeding 2% in both directions. Gains were driven by tech and financial heavyweights such as SoftBank, Taiyo Yuden and Kioxia, while implied volatility fluctuated between three-month lows near 26 and rebounds above 33 amid mixed commodity and FX moves.