Japanese Stocks Drop 0.7%

Dow Jones2024-12-18

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

Stocks in Japan slipped Wednesday, as the Nikkei Stock Average declined 0.7% to 39081.71.

Sumitomo Pharma Co. Ltd. posted the largest decline, falling 4.5% to Y579, followed by shares of Nissan Chemical Corp., which fell 4.2% to Y4,832. Shares of SoftBank Group Corp. fell 4.1% to Y9,434.

Nissan Motor Co. Ltd. was the biggest gainer during the session, surging 24% to Y418, and Mitsubishi Motors Corp. surged 20% to Y487. Mazda Motor Corp. rounded out the top three movers, as shares surged 6% to Y1,011.

On the currency front, the yen strengthened 0.0% against the dollar to Y153.46.

In the bond markets, the two-year Japanese government bond yield fell 0.11 basis point to 0.589% and the 10-year JGB yield fell 0.98 basis point to 1.068%. In the U.S., the 10-year Treasury yield fell 1.90 basis point to 4.386%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 18, 2024 02:00 ET (07:00 GMT)

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