Asia-Pacific stocks mixed as yen strength pressures Tokyo markets By

Asia-Pacific stocks mixed as yen strength pressures Tokyo markets By

© Reuters.

TOKYO – Asia-Pacific stock markets ended Tuesday with mixed results, as gains in some regions were offset by declines in China and Japan. The and Japan’s Nikkei both fell for the second consecutive session, with the Nikkei closing down 0.1% at 33,354.14. Hong Kong’s also saw a decline, dropping 0.2% to end at 17,733.89.

The Tokyo stock market opened lower on Tuesday, with the down by 0.15 percent to 33,336.98 and the broader index decreasing by 0.32 percent to 2,365.06. The dip came amid a stronger yen, which impacted exporters by reducing their repatriated profits and competitiveness abroad.

Including positive gains in U.S. markets but weighed against currency challenges. The dollar traded at 148.25 yen during Asian trading hours.

Investors are looking ahead for insights from the upcoming Federal Reserve meeting minutes, with expectations for limited market movement set against a backdrop of soft core inflation data,

Major Japanese companies experienced mixed fortunes in Tuesday’s trading session. Automotive giant Toyota (NYSE:) and electronics leader Sony (NYSE:) saw their share prices decline while trading company Itochu notably dropped by 3.90 percent. Conversely, SoftBank (TYO:) Group shares edged up by 0.50 percent, and shipping firm Nippon Yusen rose by 1.83 percent despite recent news of its car carrier being seized in the Red Sea.

The varied performance among key Japanese firms underscores the complex interplay of global market dynamics and domestic economic indicators affecting investor sentiment in Asia-Pacific markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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