Japanese stocks fell after the yen strengthened as much as 1% against the dollar overnight and US technology shares slumped.
The Nikkei 225 Stock Average dropped 2% as of 9:12 a.m. in Tokyo, while the broader Topix slipped 1.3%. Exporters such as automakers and technology companies were among the heaviest drags on the Topix.
The yen reached a one-week high of 151.79 per dollar, after jumping as much as 1% on Thursday. Bank of Japan Governor Kazuo Ueda said Thursday that currency markets have had a major impact on the economy, pointing to another potential rate hike in coming months.
"Stocks will react negatively in the short term to the yen's strength" but any possibility of a rate hike means we're in an environment where the economy is warming up toward the 2% inflation target, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co.
The Nasdaq 100 dropped 2.4% on Thursday as disappointing outlooks from Microsoft Corp. and Meta Platforms Inc. fueled concern that a nearly 45% surge in the megacaps that have powered the bull market might have gone too far.
Source : Bloomberg
The Nikkei 225 jumped 1.2% to around 43,100 and the Topix gained 0.8% to 3,105 on Friday, with Japanese equities rising for a second session after US President Donald Trump signed an executive order c...
The Nikkei 225 Index rose 1.53% to close at 42,580 while the broader Topix Index added 1.03% to 3,080 on Thursday, rebounding from the previous session's decline and tracking a tech-led rally on Wall ...
Japanese stocks are trading higher, supported by positive overnight cues from the U.S. and a decline in Treasury yields. The Nikkei Stock Average is up 0.9% at 42308.62, helped by technology and finan...
The Nikkei 225 Index dropped 0.88% to 41,939 while the broader Topix Index slid 1.07% to 3,049 on Wednesday, reversing prior gains and tracking Wall Street's losses. US stocks tumbled overnight as ri...
Japanese stocks are trading lower, tracking overnight losses on Wall Street as inflation fears due to rising bond yields weigh on the index. Automobile and financial stocks are weighing on the index. ...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed. The S&P 500 gave up earlier gains, ending 0.3% lower and below...
The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which affirms weakening labor market conditions and likely guarantees a Federal Reserve...
Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after OPEC and allied producers meet over the weekend. Brent crude futures settled at $65.50 a barrel, down $1.49,...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide...
President Volodymyr Zelenskiy will urge stronger pressure on Moscow when he meets with allies in Denmark and France on Wednesday after Russian...
Hiring at US companies was lower than expected in August, consistent with other evidence of weakening labor demand.
Private-sector jobs increased...
Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto...