Stock movements
The index fell Nikki By 2.63 percent to 38,053.67 points, the largest daily decline since September 30.
However, the index recorded a weekly increase of 0.37 percent.
The index also fell Topix The broader index rose 1.9 percent to 2,644.26 points today, but rose 0.99 percent during the week.
The three US stock indices closed lower yesterday, Thursday, after two companies indicated Microsoft anddead Platforms increase costs artificial intelligence In a way that may affect their profits, which limited the demand for stocks with a high market value that led the market’s rise this year.
The Bank of Japan kept very low interest rates unchanged yesterday, Thursday, which was widely expected, but statements less inclined to maintain monetary easing strengthened the yen against the dollar at the end of yesterday’s trading.
A rise in the yen would negatively affect the shares of export companies because it reduces the value of profits coming from abroad when companies return these profits to Japan in yen.
In a press conference after the Bank of Japan’s meeting yesterday, Thursday, Central Bank Governor Kazuo Ueda said that he would not say that the Bank of Japan “can endure for a while” before making a decision on when to change monetary policy.
Some dealers considered that… Bank of Japan This opens the door to raising interest rates by December.
A group stock fell Softbank For investment in the technology sector, 5.62 percent.
The shares of Fast Retailing, owner of the Uniqlo brand, fell 2.79 percent, with the Nikkei index suffering the largest losses.
Shares also declined Adventist Manufacturer of electronic chip testing equipment, 4.41 percent.
All but one of the 33 sub-sector indices on the Tokyo Stock Exchange fell.
The glass and ceramic sector index rose 0.57 percent, while the automobile sector index fell 2.83 percent.