Previous close | 8,204.81 |
Open | 8,216.77 |
Volume |
Day's range | 8,207.85 - 8,253.59 |
52-week range | 6,773.82 - 8,253.59 |
Avg. volume | 56,519,676 |
Japanese stocks fell Thursday as markets remained focused on whether authorities will intervene to support the yen. The Nikkei 225 slipped 1.5% but has climbed 20% so far in 2024 aided by the weaker yen, which increases the value of Japanese companies’ overseas profits.
The FTSE and European stocks were higher on Thursday despite official figures confirming that the UK fell into a recession in the second half of 2023.
The Japanese yen fell to its lowest against the dollar since 1990 Wednesday, raising the prospect of intervention by Japan’s authorities. The yen fell to 151.97 per dollar earlier in the day before rallying. The currency rebounded slightly, last trading at 151.17 after authorities announced a meeting Wednesday to discuss international financial markets, between the Bank of Japan, the country’s Finance Ministry and its Financial Services Agency.