Thursday, November 21, 2024

The Nikkei 225 Index Closes 0.74% Lower



PT Rifan Financindo Berjangka -  The Nikkei 225 Index declined by 0.85% to close at 38,026, while the broader Topix Index lost 0.57% to 2,683 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector.

The drop followed a sharp decline in Nvidia’s stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance.

Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-1.6%), Lasertec (-0.8%), SoftBank Group (-1.1%), Tokyo Electron (-0.4%), and Hitachi (-1.7%).

Other key index components also saw declines, including Mitsubishi Heavy Industries (-3.1%), IHI Corp (-3.9%), and Fast Retailing (-2.4%). On the economic front, investors are awaiting Japan's latest inflation data, set to be released on Friday, to assess the outlook for the country’s economy and monetary policy. PT Rifan Financindo Berjangka.


Source: Trading Economics


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