Japanese stocks are expected to fall, with risk aversion due to escalating Middle East tensions, particularly in electronics and precision instruments.
October 2, 2024 7:30 JST (excerpt)
The Tokyo stock market on the 2nd is expected to decline. Iran directly attacked Israel with ballistic missiles, leading to a decline in investors' risk appetite due to the escalating situation in the Middle East. Tech stocks are down in the US market, and related stocks in Japan such as electronics and precision instruments are likely to decrease in value. The pause in yen depreciation tends to weigh on export-related stocks such as automobiles and machinery.
The Tokyo stock market on the 2nd is expected to decline. Iran directly attacked Israel with ballistic missiles, leading to a decline in investors' risk appetite due to the escalating situation in the Middle East. Tech stocks are down in the US market, and related stocks in Japan such as electronics and precision instruments are likely to decrease in value. The pause in yen depreciation tends to weigh on export-related stocks such as automobiles and machinery.
The settlement price of the Nikkei futures (yen-denominated) on the US Chicago futures market (CME) was 30,830 yen, which is 740 yen lower than the closing price on the Osaka Exchange (30,870 yen).
US stocks fell - US 10-year bond yields fell by about 5 basis points to 3.73%.
US stocks fell - US 10-year bond yields fell by about 5 basis points to 3.73%.
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