Japanese Stocks Decline 2.2%

Dow Jones10-02

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

Stocks in Japan fell Wednesday, as the Nikkei Stock Average dropped 2.2% to 37808.76.

TDK Corp. posted the largest decline, dropping 5.1% to Y1,848, followed by shares of Disco Corp., which fell 5.0% to Y37,410. Shares of Isetan Mitsukoshi Holdings Ltd. fell 4.9% to Y2,229.

Inpex Corp. was the biggest gainer during the session, gaining 4.4% to Y2,059, and Sumitomo Metal Mining Co. Ltd. gained 3.2% to Y4,589. Idemitsu Kosan Co. Ltd. rounded out the top three movers, as shares gained 3.1% to Y1,059.

On the currency front, the yen weakened 0.2% against the dollar to Y143.86.

In the bond markets, the two-year Japanese government bond yield fell 2.01 basis point to 0.365% and the 10-year JGB yield fell 3.38 basis point to 0.819%. In the U.S., the 10-year Treasury yield rose 0.20 basis point to 3.739%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 02, 2024 02:30 ET (06:30 GMT)

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

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