10 April 2024 – On Wednesday, April 10, 2024, the Japanese stock market ended the day slightly lower, giving up some of the gains from the previous two sessions. This was due to investors choosing to exercise caution and book profit in anticipation of the release of important U.S. inflation readings and the Fed’s March policy meeting minutes, as well as following mixed cues from Wall Street overnight.
Nikkei Stock Average index, which has 225 issues, finished at 39,581.81, down 191.32 points, or 0.48%. At 2,742.79., down 11.90 points, or 0.43%, was the overall Topix index of all First Section issues on the Tokyo Stock Exchange.
Of the thirty-three TSE sectors, twenty-one closed lower overall. The lowest performing sector was the insurance sector, down 1.74%, followed by the pharmaceutical, wholesale trade, machinery, and securities and commodities futures sectors, down 1.23%, 1.09%, and 1%, respectively.
Conclusion
The highest-performing sector was the electric power and gas sector, rising 2.68%, and the lowest-performing sector was nonferrous metals, up 0.95%. The performance of export-related company shares was varied, with Honda erasing by 1.3% and Toyota sliding by 1.2%. Fast Retailing lost 1.7%. The Bank of Japan, or BoJ, said on Wednesday that producer prices in Japan increased by 0.2% in March, remaining constant from the data from February.
