Japan Markets Latest News Updates as of May 16, 2024:
Overall Market Sentiment:
- Mixed performance: Japan’s stock markets are showing a mixed performance with the Nikkei 225 closing slightly higher on May 15, 2024, while the broader TOPIX index closed marginally lower.
- Cautious optimism: Investors are optimistic about better-than-expected earnings from Sony Corp but remain cautious ahead of the release of the U.S. CPI report, which could give clues about the Federal Reserve’s next steps.
- GDP data awaited: Investors are also awaiting the release of first-quarter GDP data from Japan, which is expected to show a contraction and could potentially affect the Bank of Japan’s plans to raise interest rates.
Market Movements:
- Nikkei 225: Advanced 29.67 points, or 0.08%, to finish at 38,385.73.
- TOPIX: Closed slightly lower.
- Gains: Led by precision instrument, rubber product, and electric appliance shares.
- Declines: Oil and coal product, real estate, and land transportation issues.
Other News:
- Yen weakens: The yen weakened slightly against the dollar, trading at 134.60 yen per dollar.
- Government bonds: The yield on the benchmark 10-year Japanese government bond rose to 0.43%.
Where to Find More Information:
- CNBC: https://www.cnbc.com/2024/05/16/asia-markets-live-updates-japan-gdp-data-hong-kong-resumes-trading.html
- Business Standard: https://www.business-standard.com/markets/capital-market-news/japan-market-end-flats-124051500562_1.html
Additional resources:
- Japan Exchange Group: https://www.jpx.co.jp/english/news/index.html
- The Japan Times – Financial Markets: https://www.japantimes.co.jp/business/markets/
I hope this information is helpful!
