Nikkei Hits One-Month Low Amid Rate Concerns
The Japanese Nikkei index declined for the fourth consecutive session, reaching its lowest closing level in a month, impacted by uncertainty surrounding interest rates and exchange rates, which led investors to avoid high-risk assets. The index closed down by 0.17% at 64,214.48 points, while the broader Topix increased by 0.5% to 4,102.04 points. The market focused on interest rate expectations and currency fluctuations, resulting in a wave of sell-offs in technology and semiconductor-related stocks, with company performances showing mixed results. Meanwhile, the yen weakened by 1.24% against the dollar, reaching 156.71, amid significant declines in oil and energy stocks, contrasting with gains in machinery manufacturers and trading companies.
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