Japanese stocks fell on Thursday as the yen slumped to its lowest since July, with Donald Trump's victory in the U.S. presidential election fueling expectations of a weaker yen due to his expansionary economic agenda.
The Nikkei 225 fell 0.25% to close at 39,381.41.
Trump's economic policies are seen as more expansionary and inflationary than Harris', reducing the likelihood of aggressive Federal Reserve interest rate cuts.
The Japanese market, known for its size and liquidity, saw heavy trading in the dollar-yen pair during Asian hours.
The yen fell 1.6% to 153.98 per dollar in Tokyo, raising import costs and adding pressure on the central bank to consider raising interest rates, further complicating matters for the ruling Liberal Democratic Party after its recent drubbing in the House of Representatives elections.
In economic updates, Japan's cash income in September rose 2.8% year-on-year to 292,551 yen, the Health Ministry said, following a 3% increase in August.
Contractual income rose 2.4%, while special income jumped 16.1%.
Companies with 30 or more employees saw cash income rise 3.6% to 328,230 yen, although overtime pay fell 0.4% for companies with five or more employees.
In corporate moves, Hoshino Resorts REIT (TYO:3287) locked in interest rates on 980 million yen of loans, with an 800 million yen loan from Mizuho Bank at 1.405% until April 2032 and a 180 million yen loan at 1.486% until October 2032.(ayu)
Source: MT Newswires
The Nikkei 225 index closed down around 0.9% at 50,150 on Thursday, down nearly 450 points from the previous day. The main pressure came from the technology sector and stocks related to the AI/chip th...
The Nikkei index opened up around 0.2% to 50,707.54, following positive sentiment on Wall Street after the Fed cut interest rates. Today's gains were led by financial and trading house stocks; Dai-ich...
Japanese stocks closed slightly lower on Wednesday, with the Nikkei 225 index down 0.1%, or 52.30 points, to 50,602.80. This weakening occurred ahead of the Fed's important decision, while the yen had...
The Nikkei 225 index closed slightly higher by 0.1% at 50,635 on Tuesday, while the Topix index rose a very slight 0.02% to 3,385, after opening lower. The market managed to reverse initial losses tha...
Japanese stocks rallied in recent trading, led by the machinery and electronics sector, which benefited from a weaker yen. Kawasaki Heavy Industries shares rose around 3.4%, while Tokyo Electron Ltd. ...
European shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the U.S. Federal Reserve's overnight interest rate cut and assessed a policy decision from the Swiss National Bank. The pan-European STOXX 600...
Silver climbed above $61 per ounce, extending a record rally as markets digested the Fed's 25 basis point cut and parsed Chair Powell's remarks which markets read as relatively dovish even as committee guidance remained cautious. The cut itself...
Gold prices surged tonight due to a combination of dovish sentiment from the Fed and market concerns about the future economic outlook. Following the interest rate cut and signals that the Fed is no longer aggressive about raising interest rates,...
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the U.S. Bureau of Labor Statistics. Due to the prolonged...
The latest survey data from the US Bureau of Labor Statistics has reported an increase in JOLTs Job Openings, a key indicator of the health of the...
European stocks edged higher on Tuesday (December 9th) as global investors awaited the US Federal Reserve's monetary policy update.
The...
US President Donald Trump has escalated trade tensions with Canada again after threatening to impose "severe" tariffs on fertilizer exports from the...