Japanese stocks declined on Friday, reversing Thursday’s sharp gains as concerns over rising energy costs persisted. The Nikkei Stock Average fell 1.0% to 68263.52, dragged down by weakness in technology, automotive, and pharmaceutical sectors. Soft Bank Group dropped 3.6%, Honda Motor declined 1.8%, and Chugai Pharmaceutical fell 2.4%.
The dollar traded at 157.81 yen, down from Y158.27 at Thursday’s Tokyo market close. Investors remained focused on geopolitical tensions involving Iran, crude oil price movements, and fluctuations in bond yields. The broader market sentiment was cautious as traders assessed the potential impact of higher energy prices on corporate earnings and economic growth.
Market participants continued to monitor developments in the Middle East and global commodity trends for further directional cues.
Quelle: Wall Street Journal Markets · Zusammengefasst von HeadlinesBriefing