PT Rifan Financindo Berjangka - The Nikkei 225 Index fell 0.7% to below 38,100, while the broader Topix Index fell 0.4% to 2,677 on Friday, reversing some of the previous session’s gains.
Investors were reacting to data showing that Tokyo inflation rose above 2% in November, fueling speculation that the Bank of Japan will raise interest rates next month. Markets now price in a 60% chance of a 25 basis point rate hike in December, up from about 50% a week ago.
Meanwhile, the latest data on industrial production, retail sales and employment showed signs of slowing economic activity. Technology stocks led the decline, with significant losses for Disco (-1.6%), Lasertec (-1.2%), Tokyo Electron (-2.6%), Advantest (-0.9%) and SoftBank Group (-0.7%). For the week, the Nikkei and Topix are expected to end lower, down 0.7% and 0.8%, respectively. PT Rifan Financindo Berjangka.
Source: Trading Economics
No comments:
Post a Comment