Japanese stocks fluctuate between gains and losses on the last trading session of the year in Tokyo as higher US yields supported banks, while a slump on Wall Street weighed on exporters.
Topix rose 0.1% to 2,803.91 as of 9:30 a.m. Tokyo time
Nikkei 225 declined 0.3% to 40,141.08
Mitsubishi UFJ Financial Group contributed the most to the Topix's gain, increasing 1.4%. Out of 2,124 stocks in the benchmark index, 1,231 rose and 730 fell, while 163 were unchanged.
"US stocks are falling, led by technology stocks, due to profit-taking after the large annual gains and the impact of rising interest rates, and Japanese stocks in the morning are likely to follow this trend," said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab.
"However, rising US interest rates indicate that the US economy is firming up, and this will be a tailwind for Japan's economy-sensitive stocks," he said.
Tokyo's stock market will be closed from Tuesday for year-end holidays and reopen on Jan. 6.
Source : Bloomberg
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...
White House economic adviser Kevin Hassett said Tuesday there is "plenty of room" to cut interest rates further, though he noted that rising...