Japan’s benchmark Nikkei stock index closed at a record high on Wednesday, boosted by gains in heavyweight technology shares.

Tokyo shares declined on Thursday as investors moved to secure profits after the previous day’s rally, while uncertainty lingered over the sustainability of the United States-Iran ceasefire.

Tokyo stocks closed lower on Friday, with the benchmark Nikkei index briefly dropping more than 2% in early trading as rising crude oil prices heightened concerns about inflation-driven economic slowdown.

Tokyo stocks closed higher on Wednesday, supported by a decline in crude oil futures as concerns over potential oil supply disruptions linked to the conflict in the Middle East eased.

Tokyo stocks closed higher on Tuesday, supported by renewed buying in heavyweight technology shares that had recently declined, although overall gains were limited amid continued uncertainty surrounding future U.S. tariff policies.