PT Rifan Financindo Berjangka - The Nikkei 225 Index dropped 0.7% to below 38,400, while the broader Topix Index fell 0.6% to 2,696 on Monday, mirroring losses on Wall Street as the post-election rally continued to lose momentum and concerns over a slower pace of interest rate cuts by the US Federal Reserve weighed on sentiment.
Japanese stocks also faced pressure from a sharp rebound in the yen on Friday. On the economic front, investors reacted to data showing a surprising decline in Japan's machinery orders in September. Looking ahead, markets are focused on key economic releases later this week, including Japanese trade data on Wednesday and inflation figures on Friday, which are expected to provide further clarity on the outlook for both the economy and monetary policy. Notable decliners included major index heavyweights such as Mitsubishi Heavy Industries (-3%), Lasertec (-2.5%), SoftBank Group (-1.5%), Tokyo Electron (-1.9%), and IHI Corp (-2.9%). PT Rifan Financindo Berjangka.
Source: trading Economics
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