Reported 2 months ago
Japanese stocks dropped, ending a two-day rally, due to a strengthening yen and a decline in US shares. The Nikkei 225 stock average fell 0.7% while the Topix slid 1.1%, with technology firms like Hitachi affected by the drop in the Nasdaq 100. Exporters faced challenges as the yen gained 0.4% against the dollar, and bank stocks declined following a fall in long-term yields. Analysts note that the Nikkei appears to be reacting more closely to US market fluctuations.
Source: YAHOO