Japanese Stocks Decline Friday

Dow Jones05-17

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

Stocks in Japan slipped Friday, as the Nikkei Stock Average fell 0.3% to 38787.38.

Sumitomo Pharma Co. Ltd. posted the largest decline, dropping 5.4% to Y336, followed by shares of Dentsu Group Inc., which fell 4.3% to Y4,143. Shares of CyberAgent Inc. fell 4.3% to Y1,031.

Japan Steel Works Ltd. was the biggest gainer during the session, surging 7.0% to Y4,456, and Dai-ichi Life Holdings Inc. surged 3.5% to Y3,796. Sumitomo Mitsui Financial Group Inc. rounded out the top three movers, as shares gained 3.4% to Y9,723.

On the currency front, the yen improved 0.2% against the dollar to Y155.72.

In the bond markets, the two-year Japanese government bond yield rose 0.94 basis point to 0.337% and the 10-year JGB yield rose 2.15 basis points to 0.948%. In the U.S., the 10-year Treasury yield fell 0.20 basis point to 4.379%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 17, 2024 02:31 ET (06:31 GMT)

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

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