Japanese Stocks Drop 0.8%

Dow Jones10-23

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

Stocks in Japan slipped Wednesday, as the Nikkei Stock Average declined 0.8% to 38104.86.

Recruit Holdings Co. Ltd. posted the largest decline, falling 4.9% to Y9,170, followed by shares of Mercari Inc., which fell 4.9% to Y2,166. Shares of Disco Corp. fell 4.2% to Y37,680.

Konica Minolta Inc. was the biggest gainer during the session, surging 11% to Y533, and Tokyo Tatemono Co. Ltd. surged 6.1% to Y2,463. Kirin Holdings Co. Ltd. rounded out the top three movers, as shares gained 3.3% to Y2,273.

On the currency front, the yen weakened 0.7% against the dollar to Y152.20.

In the bond markets, the two-year Japanese government bond yield fell 0.50 basis point to 0.451% and the 10-year JGB yield rose 0.25 basis point to 0.982%. In the U.S., the 10-year Treasury yield rose 1.60 basis points to 4.230%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 23, 2024 02:30 ET (06:30 GMT)

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

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