Nikkei 225 Falls 0.40% as Japanese Shares Conclude Trading Session
On Wednesday, Japanese stocks were lower at the close of the trading session as shares in the Shipbuilding, Insurance, and Banking sectors declined, contributing to the overall downward movement in the stock market.
At the close, the Nikkei 225 went down by 0.40%.
In the recent trading session on the Nikkei 225, NEC Corp led the charts, gaining 3.85% or 383 points to close at 10,325. Furukawa Electric Co. Ltd. also went up by 2.98% adding 87 points closing at 3,006, while Tokyo Electron Ltd. surged by 2.41% gaining 880 points and closing at 37,390 by the end of the session.
Meanwhile, Kawasaki Kisen Kaisha Ltd. experienced the most decline, dropping by 3.74% or 250 points closing at 6,431. Bandai Namco Holdings Inc. also went down by 93 points or 3.22% closing at 6,219.
These performances reflect the bearish movements in the Nikkei 225 index with some stocks showing significant gains while others witnessed declines during the trading session.
In February, Nikkei 225 made an impressive new ATH after over 30 years but only to experience volatility weeks after.
This shift was driven by speculation that the Bank of Japan (BOJ) might adjust its monetary policy in the coming week. In addition, rising wages, inflation concerns, and a robust economy in Japan trigger these expectations.
Bank of Japan Governor Kazuo Ueda shed a somewhat pessimistic economic outlook, suggesting ways to push up short-term borrowing costs of the centra bank moves to remove negative interest rates.
At press time, the Nikkei 225 went down again by 101.54 points, a 0.26% decrease closing at 38,695.97.
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