• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

17 September 2024 15:20  |

Japanese Stocks Fall as Banks Slide Before BOJ; Exporters Drop

Japanese stocks fell, led by financials as bond yields slid ahead of US and Japan's central bank policy decisions this week. The yen's strength over the long weekend also squeezed exporters.

Topix Index fell 0.6% to 2,555.76 as the close

Nikkei declined 1% to 36,203.22.

Tokyo Electron Ltd. contributed the most to the Topix Index decline, decreasing 5.2%. Out of 2,131 stocks in the index, 1,199 rose and 843 fell, while 89 were unchanged.

Japan's currency strengthened past the psychological level of 140 per dollar on Monday amid expectations the gap between US and Japanese interest rates will narrow. The Federal Reserve and Bank of Japan hold monetary policy meetings this week, and traders will be closely watching for any comments on future rate trajectories. The yen traded at around 140.63 to the dollar on Tuesday.

Source: Bloomberg

Related News

NIKKEI

Japan Stocks Lower at Close of Trade; Nikkei 225 Down 1.07%

Japan stocks were lower after the close on Thursday, as losses in the Precision Instruments, Mining and Chemical, Petroleum &...

5 September 2024 13:57
NIKKEI

Japan's Nikkei Closes Down More Than 4% After Wall Street Dr...

Japan's key Nikkei index dived more than four percent on Wednesday, weighed down by falls on Wall Street and a higher yen aga...

4 September 2024 13:41
NIKKEI

Japan's Nikkei Plunges 3% After Wall Street Drop

Japan's key Nikkei index dropped more than three percent on Wednesday, weighed down by falls on Wall Street following lacklus...

4 September 2024 08:23
NIKKEI

Japanese Shares Decline on Rate Hike Signals from BOJ

Japanese shares declined on Wednesday after a Bank of Japan board member suggested interest rates might continue to rise if i...

11 September 2024 14:38
BIAS23.com NM23 Ai