financetom
World
financetom
/
World
/
Japan's Nikkei falls after Wall Street's weak finish
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei falls after Wall Street's weak finish
Oct 7, 2024 6:50 PM

TOKYO, Oct 8 (Reuters) - Japan's Nikkei share average

retreated on Tuesday, weighed down by Wall Street's weak finish

overnight and rising U.S. yields on reduced bets of another

large rate cut following Friday's strong jobs report.

The Nikkei was down 0.8% at 39,016.79, as of 0008

GMT, after closing 1.8% higher on Monday. The broader Topix

was down 0.98% to 2,712.59.

Wall Street's three major indexes closed down around 1% on

Monday while Treasury yields rose, as traders tamped down bets

for Federal Reserve interest-rate easing and worried about the

Middle East conflict's impact on oil prices.

U.S. Treasury yields climbed, with the yield on the

benchmark 10-year note rising to its highest since Aug. 1.

Technology start-up investor SoftBank Group fell

2.12% to drag the Nikkei the most. Uniqlo brand owner Fast

Retailing ( FRCOF ) slipped 0.63%.

All but four of the Tokyo Stock Exchange's 33 industry

sub-indexes fell, with the brokerage sector declining

1.87% to become the worst performer.

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Connexa Licenses Matchmaking Technology Eternity Technology Covering UK, Europe -- Shares Surge
Connexa Licenses Matchmaking Technology Eternity Technology Covering UK, Europe -- Shares Surge
Oct 7, 2024
03:34 PM EDT, 10/07/2024 (MT Newswires) -- Connexa Sports Technologies ( YYAI ) said Monday that it licensed Yuanyu Enterprise Management's matchmaking services to Eternity Technology that covers UK and other major European markets. The agreement covers minimum payments of over $19 million to Yuanyu across calendar 2024 to 2026, according to the company. Eternity will offer matchmaking services using...
PRECIOUS-Gold flat as markets await Fed minutes
PRECIOUS-Gold flat as markets await Fed minutes
Oct 7, 2024
Oct 8 (Reuters) - Gold prices were flat in early Asian hours on Tuesday as market participants awaited minutes of the U.S. Federal Reserve's last meeting and more economic data for further clarity on policy easing this year. FUNDAMENTALS * Spot gold was little changed at $2,643.68 per ounce, as of 0013 GMT. U.S. gold futures fell 0.1% to $2,662.90....
Japan's Nikkei falls after Wall Street's weak finish
Japan's Nikkei falls after Wall Street's weak finish
Oct 7, 2024
TOKYO, Oct 8 (Reuters) - Japan's Nikkei share average retreated on Tuesday, weighed down by Wall Street's weak finish overnight and rising U.S. yields on reduced bets of another large rate cut following Friday's strong jobs report. The Nikkei was down 0.8% at 39,016.79, as of 0008 GMT, after closing 1.8% higher on Monday. The broader Topix was down 0.98%...
European Investment Bank to boost funding for EU tech start-ups
European Investment Bank to boost funding for EU tech start-ups
Oct 7, 2024
LUXEMBOURG, Oct 7 (Reuters) - The European Investment Bank proposed on Monday to help close the funding gap and retain the most innovative start-up companies looking to grow in Europe through support for the EU venture capital and private equity markets. The initiative, presented by the bank to finance ministers at a meeting in Luxembourg, is part of the EU's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved