Japanese Shares Fall for Second Session
The Nikkei 225 Index declined 1.1% to below 69,300, while the broader Topix Index fell 1.3% to around 4,100 on Thursday, with both benchmarks extending their losses for a second consecutive session following an overnight selloff on Wall Street as bond yields climbed to multi-decade highs. Minutes from the US Federal Reserve’s September meeting also revealed that all 19 policymakers supported the September rate hike, while most believed another increase would be appropriate by year-end. Meanwhile, oil prices advanced amid concerns over a potential escalation between the US and Iran and continued risks to shipping through the Strait of Hormuz, adding to inflationary pressures. Notable declines included Advantest (-1.12%), SoftBank Group (-3%) and Mitsubishi UFJ (-1.8%). In contrast, Kioxia Holdings gained 2.9% after Japan Exchange Group Inc. announced that the memory maker’s free-float weight would increase to 50% from 15% in its latest regular review.
3% to around 4,100 on Thursday, with both benchmarks extending their losses for a second consecutive session following an overnight selloff on Wall Street as bond yields climbed to multi-decade highs. Minutes from the US Federal Reserve’s September meeting also revealed that all 19 policymakers supported the September rate hike, while most believed another increase would be appropriate by year-end. Meanwhile, oil prices advanced amid concerns over a potential escalation between the US and Iran and continued risks to shipping through the Strait of Hormuz, adding to inflationary pressures. 8%).
9% after Japan Exchange Group Inc. announced that the memory maker’s free-float weight would increase to 50% from 15% in its latest regular review.