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Japanese Shares Slip on Weak Wall Street Cues
Tuesday, 22 April 2025 09:34 WIB | NIKKEI |JAPAN

The Nikkei 225 fell 0.4% to below 34,200 while the broader Topix Index lost 0.2% to 2,523 on Tuesday, extending losses from the previous session and taking cues from a weak lead on Wall Street as political pressure on the Federal Reserve weighed on sentiment. Investor concerns grew after President Donald Trump intensified criticism of Fed Chair Jerome Powell, raising fears over the central bank's independence. The lack of progress on global trade talks also weighed on market sentiment. Moreover, a strengthening yen, which surged to a seven-month high on Monday, put downward pressure on Japan's export-heavy industries. Technology stocks led the decline, with losses from Lasertec (-0.9%), Tokyo Electron (-0.6%), and Recruit Holdings (-2.3%). Other major names also fell, including Fujikura (-1.6%), Mitsubishi Heavy (-0.9%), and Nintendo (-1%)

Source: Trading Economi

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