Nikkei Slightly Weakens, Japanese Markets Also Cautionary
The Nikkei 225 index weakened slightly by 0.1% to 49,336.22 after losing early gains. This decline followed declines in most US stock markets in the previous session, prompting Japanese investors to remain cautious.
US employment data released Tuesday provided mixed signals for the market. According to the Sucden Financial research team, investors are reluctant to draw too many conclusions from the data. Expectations of further interest rate cuts by the Federal Reserve are also considered to be delayed, thus curbing risk appetite.
Several stocks recorded significant declines. Eneos Holdings fell 3.3%, Shimizu Corp. fell 2.55%, and M3 Inc. fell 2.45%. Meanwhile, the US dollar exchange rate against the yen was around 154.83, slightly weaker than its position in New York on Tuesday evening. (az)
Source: Newsmaker.id
