Nikkei Weakens After Wall Street Drop
The Nikkei index weakened 0.4% to 48,397.29 in early trading, following Wall Street's overnight decline that sparked risk-off sentiment. According to Commerzbank Research analysts, the market is still searching for new catalysts amid a lack of US data releases due to the government shutdown, so the short-term direction is likely cautious.
Several stocks led the decline: SBI Holdings -3.6%, Sugi Holdings -3.3%, and Sumitomo Forestry -2.7%. In the forex market, USD/JPY was around 153.15 (vs. 153.08 in New York), indicating a persistently weak yen—a factor that typically helps exporters, but was not enough to stem the pressure on sentiment this morning. (az)
Source: Newsmaker.id