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المشهد العربي
Japanese stocks fall as yen rises
The Japanese stock market recorded a decline during the session due to the appreciation of the yen, which reached its highest level in seven months, putting pressure on exporting companies' shares and prompting investors to shift toward domestic firms. Shares mainly fell in the automotive sector by about 8% since the beginning of the month, while the construction, electricity, and gas sectors performed well thanks to strong local demand. The Nikkei index decreased by 0.19%, closing at 65,142 points, and the Topix index declined by 0.09% to 4,064 points. Meanwhile, the yen’s exchange rate remained stable at 153.11 against the dollar, amid expectations of future interest rate hikes.
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