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The Nikkei average fell for the sixth consecutive day, closing at a low due to the decline in financial stocks.
On the 19th, the U.S. Stocks market was mixed. The Dow Inc. rose by $15.37 to close at $42,342.24, while the Nasdaq fell by 19.93 points to end at $19,372.77. After the opening, the market experienced an upward movement. The sharp drop the previous day, due to the indication from the Federal Reserve Board (FRB) of a slowdown in the pace of additional interest rate cuts during the Federal Open Market Committee (FOMC), was seen as an overreaction, leading to a wave of buying. The domestic Gross Domestic Product (GDP) for the July to September period was revised upward, and new unemployment Insurance claims were announced in the morning.
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The Nikkei average has fallen for five consecutive days, influenced by the decline in U.S. stocks, but the decrease in value has narrowed due to the "rate hike being put off."
On the 18th, the U.S. Stocks market continued to decline. The Dow Jones Industrial Average fell by 1,123.03 dollars from the previous day to 42,326.87 dollars, while the Nasdaq dropped by 716.37 points to 19,392.69 points. With a strong wait-and-see attitude ahead of the Federal Open Market Committee (FOMC) results announcement, the market opened mixed. While the Dow average, which had been declining until the previous day, saw some buying in major stocks and rose, the Nasdaq started with a slight decline. The FOMC is expected to raise the key policy interest rate by 0.25% as predicted.
Express News | Japanese stock market close: The Nikkei 225 Index fell by 0.69%, Rakuten Group dropped nearly 8%, and Nissan Autos rose again by over 6%.
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Express News | The Japanese stock market opened: the Nikkei 225 Index dropped by 1.43%, and Sony and Ricoh Holdings fell more than 2%.