Japanese stock markets opened sluggishly and were immediately dragged down by concerns about the state of the United States economy and the outlook for domestic corporate earnings. The electronics and pharmaceutical sectors were the biggest drags, with NEC Corp. falling 2.2% and Sumitomo Pharma plunging 4.3%. On the currency side, USD/JPY weakened to 155.85, lower than Friday's close of 156.39, adding to market sentiment.
Investors are now awaiting clear signals from Prime Minister Sanae Takaichi's government, particularly regarding her plans to strengthen the Japanese economy and warm diplomatic relations with China. However, global uncertainty remains dominant, causing the Nikkei Index to decline 0.3% to 50,094.96. Given these fragile conditions, the market is said to be in "high alert" mode. (az)
Source: Newsmaker.id
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