Japan’s Nikkei index closed just above its lowest level in 2-1\/2 months on Thursday, as worries about a stalled economic recovery in China and prospects of a US interest rate hike affected investor sentiment in Asia.<\/p>\n\n\n\n
The Nikkei index fell nearly 1.5 percent to 31,309.68 points, the lowest level since early June, before paring some losses to end the session down 0.44 percent at 31,626.00 points.<\/p>\n\n\n\n
The broader Topix index fell 0.34 percent to 2,253.06 points, after earlier touching a one-month low of 2,227.62 points.<\/p>\n\n\n\n
Benchmark 10-year US Treasury yields reached their highest since October at 4.3120% on Thursday, amid expectations that interest rates will remain high for longer after a series of data confirmed the strength of the US economy.<\/p>\n\n\n\n
Minutes of the Federal Reserve’s July meeting, released on Wednesday, also showed that officials are divided on the need to continue raising interest rates.<\/p>\n\n\n\n
That pushed the yen to a nine-month low of 146.565 per dollar.<\/p>\n\n\n\n
Fast Retailing, owner of the Uniqlo brand, lost 0.16 percent.<\/p>\n\n\n\n
SoftBank Group shares ended the day slightly higher, while healthcare equipment maker Terumu closed 2.24 percent lower.<\/p>\n\n\n\n
Tourism-related stocks fell even after the data indicated a strong recovery in tourism in Japan.<\/p>\n\n\n\n
Official data showed on Wednesday that the number of visitors to Japan in July rose to its highest level since the pandemic, as a weaker yen helped boost tourism and contribute to higher growth in the world’s third-largest economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index closed just above its lowest level in 2-1\/2 months on Thursday, as worries about a stalled economic recovery in China and prospects of a US interest rate hike affected investor sentiment in Asia. The Nikkei index fell nearly 1.5 percent to 31,309.68 points, the lowest level since early June, before paring some …<\/p>\n","protected":false},"author":9,"featured_media":57860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[8230,8108,7187],"class_list":["post-88037","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-asian-financial-crisis","tag-south-korea","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=88037"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88037\/revisions"}],"predecessor-version":[{"id":88038,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88037\/revisions\/88038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57860"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=88037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=88037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=88037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}