The Japanese Nikkei index fell at the end of the trading session on Friday, December 8th, and recorded its largest weekly losses since mid-September.<\/p>\n\n\n\n
At the end of the session, the Nikkei index fell by about 1.68% to 32,307 points, recording weekly losses of 3.36%, but it is still up by about 24% this year.<\/p>\n\n\n\n
The Nikkei’s losses came due to speculation that the Bank of Japan is close to ending its monetary easing cycle.<\/p>\n\n\n\n
The rise of the Japanese yen led to losses for car manufacturers and export companies. It was not good news for Toyota’s subsidiaries, as the shares of JTEKT, a spare parts manufacturer, fell by 4.98%, and the logistics arm of Toyota Tsusho, by 4.88%, while Denso shares fell by 4.51%.<\/p>\n\n\n\n
Of the 225 stocks listed on the Nikkei index, 189 stocks declined and 34 stocks increased, while two stocks stabilized.<\/p>\n\n\n\n
On the other hand, banking stocks witnessed increases driven by speculation about the end of very low bond yields in light of expectations that the monetary easing cycle will soon end.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japanese Nikkei index fell at the end of the trading session on Friday, December 8th, and recorded its largest weekly losses since mid-September. At the end of the session, the Nikkei index fell by about 1.68% to 32,307 points, recording weekly losses of 3.36%, but it is still up by about 24% this year. …<\/p>\n","protected":false},"author":9,"featured_media":52183,"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":[37,36],"tags":[6837,6885,8501,8143],"class_list":["post-93798","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eurozone","tag-fed","tag-feds-beige-book","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93798","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=93798"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93798\/revisions"}],"predecessor-version":[{"id":93799,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93798\/revisions\/93799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52183"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}