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Indonesia News Portal for Traders | Financial & Business Updates

14 January 2025 08:33  |

Japanese Stocks Down in Post-Holiday Trading

The Nikkei 225 Index fell 1.3% to around 38,700, while the broader Topix Index fell 0.6% to 2,698 on Tuesday, extending last week’s downtrend as Japanese markets reopened after a long holiday weekend. The declines were in line with global markets, as stronger-than-expected U.S. jobs data dampened speculation of further interest rate cuts by the Federal Reserve.

Investors also took a cautious stance amid growing speculation that the Bank of Japan will raise its inflation forecast at its policy meeting this month, potentially signaling further rate hikes. Technology stocks led the declines, with significant losses from Advantest (-6.2%), Disco (-3.6%), and Tokyo Electron (-2.4%). Other index heavyweights also suffered losses, including Mitsubishi UFJ (-1.7%) and Fast Retailing (-1.3%).

Source: Trading Economics

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