Japanese Stocks Drop 2.6%

Dow Jones11-01

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

Stocks in Japan fell Friday, as the Nikkei Stock Average dropped 2.6% to 38053.67.

Lasertec Corp. posted the largest decline, dropping 16% to Y19,615, followed by shares of Socionext Inc., which dropped 15% to Y2,486. Shares of Subaru Corp. dropped 12% to Y2,462.

Mitsubishi Electric Corp. was the biggest gainer during the session, surging 14% to Y2,726, and Panasonic Holdings Corp. surged 8.5% to Y1,344. Asahi Kasei Corp. rounded out the top three movers, as shares surged 6.4% to Y1,127.

On the currency front, the yen weakened 0.3% against the dollar to Y152.49.

In the bond markets, the two-year Japanese government bond yield rose 2.44 basis points to 0.464% and the 10-year JGB yield rose 0.49 basis point to 0.946%. In the U.S., the 10-year Treasury yield fell 1.80 basis point to 4.272%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 01, 2024 02:30 ET (06:30 GMT)

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