Nikkei Closes Nearly Flat; Record Euphoria Fades
The Nikkei 225 closed nearly flat on Wednesday (October 22nd), hovering around 49,308 (-0.02%), after a rally to its previous record triggered profit-taking—particularly in technology stocks—leading to volatile movement throughout the session. This "flat" closing tone aligns with the weakening technology sector in Asia following Wall Street's sluggish performance.
On the sentiment side, the market weighed news that new Prime Minister Sanae Takaichi is preparing a large stimulus package—a factor that temporarily curbed intraday declines—as well as data showing Japanese exports rose 4.2% year-on-year in September. Going forward, the index's direction will be largely determined by the details of the fiscal stimulus and the release of further data that will influence the profit outlook for domestic issuers. (asd)
Source: Newsmaker.id
