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<Asian Mkt>Nikkei Cascades 1,011 Pts or 2.7% at Close; USD/ JPY at 154.39
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The JPY Index added 0.14%, as USD fell against JPY at 154.39, after Israeli missiles attacked a target in Iranian territory, escalating the tension in the Middle East. Nikkei 225 Stock Average reversed the previous day's upswing and closed down 1,011 pts, or 2.66%, to 37,068. Heavyweights/ popular stocks dampened the market. Lotte plummeted 5.2%. Softbank slid nearly 3%. Nomura dived 3.3%. As for automakers, Mitsubishi Motors tumbled 3.5%. Nissan fell 1.5%. Toyota and Honda lost 2.2% each. As anticipation for U.S. rate cut subsided, the interest rate-sensitive chip sector came under pressure. SUMCO, Socionext and Renesas Electronics cratered more than 6%, while Tokyo Electron and Lasertec collapsed more than 8%. AAStocks Financial News |
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