U.S. Rate Hike Hints Affect Japan Stocks
Japanese stocks declined by about 1% today, Thursday, continuing their decline for the second consecutive session due to a decrease in investor appetite after previous gains, amid concerns over US interest rate forecasts and geopolitical tensions. The Nikkei 225 index fell by 0.9% to 69,366.14 points, while the broader Topix index dropped by 1.54% to 4,090.19 points. Despite Samsung's forecasts of a ninefold increase in third-quarter profits, stocks linked to artificial intelligence remained weak due to concerns over US monetary policy, which has been divided over interest rate hikes, as well as escalating tensions in the Gulf and the Strait of Hormuz, which have led to rising oil prices.
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