PT Rifan Financindo Berjangka - The Nikkei 225 Index dropped 0.5% to below 38,300, while the broader Topix Index lost 0.4% to 2,678 on Wednesday, extending losses from the previous session as the yen continued to strengthen amid speculation that the Bank of Japan may raise interest rates again next month. A stronger yen dampens the profit outlook for Japan’s export-driven industries and makes Japanese assets more expensive for foreign investors.
Traders are also awaiting the latest Tokyo inflation data, which is seen as a leading indicator for nationwide price trends. Export-heavy auto and consumer stocks led the decline, with notable losses from Toyota Motor (-3.1%), Honda Motor (-2.4%), Nissan Motor (-4.9%), and Fast Retailing (-0.9%). Major technology stocks also came under pressure, including Advantest (-1.3%) and Tokyo Electron (-1.7%). PT Rifan Financindo Berjangka.
Ssource: Trading Economics
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