Japanese market falls over 1% following negative cues from Wall Street, with various sectors experiencing losses

From Nasdaq: 2025-01-16 21:03:27

The Nikkei 225 in Japan falls over 1% following negative cues from Wall Street, with the index hovering just above 38,100. Market heavyweights like SoftBank Group and Fast Retailing are down, along with automakers Toyota and Honda. In the tech sector, Advantest and Tokyo Electron are also seeing losses. On the other hand, Hino Motors is surging almost 8%. Major exporters like Panasonic, Canon, Sony, and Mitsubishi Electric are also in the red. The U.S. dollar is trading in the lower 155 yen-range. Wall Street closed with modest losses, while major European markets moved upward. Crude oil prices dropped after Israel and Hamas agreed to a ceasefire.



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