Tokyo stocks fell on Wednesday for the seventh trading day. Investors sold shares as a stronger yen weighed on the outlook for corporate earnings.
The Nikkei 225 closed at 35,619, down 1.49 percent. It briefly lost more than 900 points. Investors offloaded export-related companies including automakers.
The drop came after the Japanese currency rose to the upper 140-yen level against the dollar in Tokyo for the first time since last December.
Analysts say traders bought up the yen on remarks by a Bank of Japan board member.
Nakagawa Junko said the BOJ will adjust monetary policy if it's confident in the bank's outlook for economic activity and prices. Investors took this as a sign that more rate hikes could be on the table.
The Nikkei 225 closed at 35,619, down 1.49 percent. It briefly lost more than 900 points. Investors offloaded export-related companies including automakers.
The drop came after the Japanese currency rose to the upper 140-yen level against the dollar in Tokyo for the first time since last December.
Analysts say traders bought up the yen on remarks by a Bank of Japan board member.
Nakagawa Junko said the BOJ will adjust monetary policy if it's confident in the bank's outlook for economic activity and prices. Investors took this as a sign that more rate hikes could be on the table.
Similar Readings (5 items)
Nikkei 225 falls sharply amid yen's rise against dollar
summary of Nikkei 225 sees first slide in 3 days
Nikkei 225 slides on stronger yen, declines in US stocks
Nikkei 225 hits all-time high, closes lower on strong yen
Summary: Nikkei 225 falls after 3 straight days of record highs
Summary
Tokyo stocks experienced a seven-day decline, with the Nikkei 225 dropping 1.49% to close at 35,619, following a strengthening yen. The Japanese currency reached the 140-yen level against the dollar for the first time since December. Export-related companies like automakers saw significant selling
Statistics
123
Words1
Read CountDetails
ID: 613f0b06-1b3a-4f62-b1c7-7142b4a9ec80
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240911_25/
Date: Sept. 11, 2024
Created: 2024/09/12 07:00
Updated: 2025/12/08 10:37
Last Read: 2024/09/12 08:23