Japanese Stocks Decline Wednesday

Dow Jones06-12

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

Stocks in Japan slipped Wednesday, as the Nikkei Stock Average dropped 0.7% to 38876.71.

Toho Co. Ltd. (9602) posted the largest decline, dropping 8.2% to Y4,692, followed by shares of Japan Steel Works Ltd., which fell 4.3% to Y4,374. Shares of West Japan Railway Co. fell 3.0% to Y3,020.

TDK Corp. was the biggest gainer during the session, gaining 4.4% to Y8,730, and Alps Alpine Co. Ltd. gained 3.3% to Y1,553. Aozora Bank Ltd. rounded out the top three movers, as shares gained 3.0% to Y2,474.

On the currency front, the yen improved 0.1% against the dollar to Y157.21.

In the bond markets, the two-year Japanese government bond yield fell 1.69 basis point to 0.344% and the 10-year JGB yield fell 2.87 basis point to 0.988%. In the U.S., the 10-year Treasury yield fell 0.80 basis point to 4.397%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 12, 2024 02:30 ET (06:30 GMT)

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

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