Japanese technology stocks followed the losses of their American counterparts.
Shares of local pharmaceutical companies fell after the nomination of Robert F. Kennedy Jr., one of the most prominent vaccine skeptics, to take over the US Department of Health.
Ueda stressed that the central bank is ready to raise borrowing costs if the economy is in line with its expectations, while warning of external risks, including uncertainty about… American economy and volatile financial markets.
Stock movements
Cursor finished Nikki Japanese trading decreased by 1.09 percent, reaching the level of 38,220.85 points.
The broader Topix index fell by 0.73 percent.
Japanese stocks benefited from the yen’s decline to 155 to the dollar from 153.84 during the session, but the currency returned to 154.32 by 06:33 GMT.
A strong yen reduces the value of revenues recorded by Japanese exporters abroad, and also makes Japanese stocks more expensive for foreign investors.
All three Wall Street indexes fell on Friday, with the Philadelphia Semiconductor Index falling 3.4 percent.
The initial optimism about victory turned Donald Trump What was reinforced by expectations of regulatory easing and increased fiscal spending led to concerns about the possibility of rising inflation in light of his policies that may lead to slowing down… US Federal Reserve Board for interest rate cuts.
Chugai Pharmaceutical Industries shares fell 10 percent, making pharmaceutical companies, by a wide margin, the worst performers among the 33 industry sectors in the country. Tokyo Stock Exchange.
In the technology sector, shares of Tokyo Electron fell by 1.59 percent, and shares of SoftBank Group, which invests in emerging companies, fell by 2.09 percent.
Advantest shares witnessed fluctuations, losing 3.58 percent before rising 1.38 percent and ending the session with a loss of 0.39 percent.
Markets are closely awaiting Nvidia’s earnings statement, which is scheduled to be released on Wednesday.
