The Nikkei 225 fell 212 points, or 0.4%, to close at 50,255 on Wednesday, reversing early gains as sentiment turned sour amid a stronger yen that eroded overseas earnings for export-heavy firms.
Autos led declines, with Toyota down 1.8%, Subaru off 1.2%, and Honda Motor slipping modestly. Financial shares also retreated, giving back part of last week's sharp rally after the Bank of Japan last week raised rates to a three-decade high.
Meanwhile, minutes from the central bank's October meeting showed policymakers broadly agreed real interest rates remain low, reinforcing expectations of gradual tightening and reduced monetary accommodation.
On the other hand, tech stocks were mixed but mostly firmer, with Advantest jumping 2.5% in line with Wall Street's overnight peer gains. Tokyo Electron added 0.7%, while Screen Holdings surged 10% to top the index after Morgan Stanley MUFG Securities lifted its price target. Japanese markets will remain open on Thursday and Friday.
Source: Trading Economi
US stock indexes closed higher in Wednesday's shortened trading session (December 24), maintaining strong momentum from this week amid expectations that the current economic backdrop continues to supp...
The STOXX 50 index closed little changed at 5,749 during a shortened and quiet Christmas Eve trading session, while the STOXX 600 ended slightly above the flatline at 588.8, after closing at a record ...
The STOXX 50 rose 0.1% and the STOXX 600 added 0.4% during the shortened Christmas Eve trading session, following the STOXX 600's close at a fresh record high the previous day. Trading volumes are exp...
Asian stocks rose at the opening session today, tracking significant gains on Wall Street, which hit a record high after data showed the US economy grew at its fastest pace in two years. The MSCI Asia...
The S&P 500 rose 0.6% to close at a new record on Tuesday (December 24th), while the Nasdaq also rose 0.6% and the Dow Jones Industrial Average added 0.3%, as technology and energy stocks led broa...
US stock indexes closed higher in Wednesday's shortened trading session (December 24), maintaining strong momentum from this week amid expectations that the current economic backdrop continues to support earnings prospects for the coming year. The...
Oil prices edged lower on Wednesday (December 25th), and are on track for their steepest annual decline since 2020 as investors weigh US economic growth and assess the risk of supply disruptions from Venezuela and Russia. Brent crude futures...
Gold (XAU/USD) traded under pressure on Wednesday (December 24th) after surging to a new all-time high near $4,526 earlier. Volatility increased amid thin holiday liquidity ahead of Christmas, prompting mild profit-taking at elevated levels. At the...
Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank...
European markets moved into negative territory on Monday as last week's positive sentiment wears off.
The pan-European Stoxx 600 provisionally...
Asian stocks opened higher, following Friday's rise in US stocks, which fueled hopes for a year-end rally. Many investors are starting to re-enter...
The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer...