Japanese shares showed mixed performance on Monday
Japanese shares showed mixed performance on Monday, with the Nikkei 225 rising 0.08% to 39,533 while the Topix shed 0.09% to 2,740 as the Bank of Japan’s October policy meeting summary revealed divisions among policymakers on the timing of future interest rate hikes.
Some members expressed concerns over global economic uncertainties and rising market volatility, particularly regarding the yen. Despite these concerns, the central bank maintains its forecast to raise the benchmark interest rate to 1% by the second half of the 2025 fiscal year. In corporate news, Sony Group surged 5.9% after reporting stronger-than-expected second-quarter profits, driven in part by the robust performance of its gaming business.
Fujikura and Furukawa Electric also posted gains, rising 5.6% and 14.8%, respectively, following positive quarterly results. In contrast, Nissan Motors dropped 4.3% after cutting its annual sales forecast.(Cay)
Source:Trading economi