Asia stocks muted with Japan shares dipping due to election uncertainty and yen risks

From Barchart.: 2024-10-24 22:25:11

Most Asian stocks stayed rangebound on Friday ahead of a closely contested general election in Japan. The Nikkei and Topix indexes in Japan sank due to increased political uncertainty and warnings of potential currency market intervention. The Yen weakened on soft inflation data. U.S. stock index futures stabilized as attention shifted to upcoming megacap technology earnings. Meanwhile, broader Asian markets remained subdued, with China’s indexes up slightly after the People’s Bank kept rates steady. Hong Kong’s Hang Seng index was the best performer, while Australia’s ASX 200 and South Korea’s KOSPI edged higher. India’s Nifty index futures indicated a quiet opening, with mixed earnings and foreign outflows contributing to losses for the week.



Read more at Barchart.: Asia stocks muted; Japan shares dip amid election, yen risks By Investing.com