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Market Commentary - Foreign Markets
Japan equities under stress after testing 18-month low this week
11-Apr-2025, 05:12
Japan stocks slumped on Friday amid sustained selling pressure as electronics and communication shares saw hefty selling. The benchmark index Nikkei 225 slumped around 3% to end at 33585. The index had lost around 6% in intraday moves but cut losses as session progressed. Sony Corp and Seiko Epson Corp lost 7.40% and 6.70% respectively. With this slide, Nikkei has lost around 11% in last two weeks. The index tested lowest in one and half years this week before witnessing a recovery. Strength in Japanese Yen against the US dollar is keeping stocks under stress in Japan. Broad worries over US tariffs are hurting as well.
Japan stocks slumped on Friday amid sustained selling pressure as electronics and communication shares saw hefty selling. The benchmark index Nikkei 225 slumped around 3% to end at 33585. The index had lost around 6% in intraday moves but cut losses as session progressed. Sony Corp and Seiko Epson Corp lost 7.40% and 6.70% respectively. With this slide, Nikkei has lost around 11% in last two weeks. The index tested lowest in one and half years this week before witnessing a recovery. Strength in Japanese Yen against the US dollar is keeping stocks under stress in Japan. Broad worries over US tariffs are hurting as well.
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