Tuesday, January 7, 2025

Nikkei Down 0.6% as Electronics Shares Fall

 


PT Rifan Financindo Berjangka - Japanese stocks fell as overnight U.S. services data stoked concerns about high inflation and borrowing costs. Electronics shares led the decline. Omron dropped 4.6% and Renesas Electronics dropped 2.6%. The yield on the benchmark 10-year Japanese government bond rose 3 basis points to 1.170%, the highest since July 2011. USD/JPY was at 158.14, compared with 157.78 at the close of the Tokyo Stock Exchange on Tuesday. Investors were focused on any developments related to U.S.-China trade relations and the conflict in the Middle East. The Nikkei Stock Average fell 0.6% to 39,855.06. PT Rifan Financindo Berjangka.

Source: Bloomberg


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