Kimuratan Corp gains 42.86%, while Sunwels Co. falls 22.09% in today’s market
Kimuratan Corp surged by 42.86% as one of the day's top gainers, while Sunwels Co. saw a sharp 22.09% decline among the worst performers.
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Yen strength stabilizes as markets anticipate policy decisions
During the second week, the yen appreciated amid expectations of a domestic interest rate hike, which led to a decline in Japanese stocks. The Tokyo Stock Price Index (TOPIX) fell by 1% over the week. Market participants are expected to remain cautious in the first half of the third week as they monitor currency fluctuations.
Nikkei hits lowest point since August as yen surges amid U.S. economic worries
The Nikkei Stock Average and the Tokyo Stock Price Index (TOPIX) both recorded their largest declines since August 5, a day marked by significant global market volatility. This latest selloff was precipitated by the Institute for Supply Management’s (ISM) report on August’s manufacturing activity, which revealed a contraction for the fifth consecutive month, falling short of market expectations. Particularly hard-hit were technology stocks in the U.S., including Nvidia, which saw its shares plummet, erasing $278.9 billion in market value—an unprecedented drop for a single U.S. stock.
Japan’s Nikkei surges to over two-month high driven by tech rally
Japan’s Nikkei index soared to a two-month high, fueled by a robust rally in technology stocks, reflecting investor optimism and a positive outlook for the tech sector’s growth.