Japanese Stocks Decline Wednesday

Dow Jones04-10

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Japan slipped Wednesday, as the Nikkei Stock Average fell 0.5% to 39581.81.

IHI Corp. posted the largest decline, dropping 5.4% to Y3,758, followed by shares of ZOZO Inc., which fell 4.0% to Y3,477. Shares of Chugai Pharmaceutical Co. Ltd. fell 3.0% to Y5,236.

Tokyo Gas Co. Ltd. was the biggest gainer during the session, surging 5.1% to Y3,739, and Japan Steel Works Ltd. surged 4.0% to Y3,746. Teijin Ltd. rounded out the top three movers, as shares gained 3.8% to Y1,500.

On the currency front, the yen held steady against the dollar at Y151.80.

In the bond markets, the two-year Japanese government bond yield rose 1.14 basis points to 0.235% and the 10-year JGB yield rose 1.30 basis points to 0.798%. In the U.S., the 10-year Treasury yield fell 0.30 basis point to 4.366%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 10, 2024 02:31 ET (06:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares of Chugai Pharmaceutical Co. Ltd. fell 3.0% to Y5,236. \n\n\n  Tokyo Gas Co. Ltd. was the biggest gainer during the session, surging 5.1% to Y3,739, and Japan Steel Works Ltd. surged 4.0% to Y3,746. Teijin Ltd. rounded out the top three movers, as shares gained 3.8% to Y1,500. \n\n\n  On the currency front, the yen held steady against the dollar at Y151.80. \n\n\n  In the bond markets, the two-year Japanese government bond yield rose 1.14 basis points to 0.235% and the 10-year JGB yield rose 1.30 basis points to 0.798%. 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