PT Solid Gold Berjangka | Japanese Stocks Fall as Yen Stays Steady Ahead of BOJ Decision
Japanese stocks fall as the yen retains gain ahead of the Bank of Japan’s policy decision later today.
Topix Index fell 0.8% to 2,363.46 as of 9:01 a.m. Tokyo time Nikkei declined 0.9% to 32,272.61
Toyota contributed the most to the Topix’s decline, decreasing 1.1%. Out of 2,157 stocks in the index, 245 rose and 1,731 fell, while 181 were unchanged.
US stocks slid on Thursday as the latest reading on the labor market reinforced the case for the Federal Reserve’s higher-for-longer stance.
“In the aftermath of the FOMC meeting, US yields rose on the back of a strong labor market,” said Nobuhiko Kuramochi, market strategist at Mizuho Securities. “Stocks that are overvalued could see a selloff.”
Source : Bloomberg
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