November 21, 2024

Global

Japan’s Nikkei Index Falls Amid Concerns Over US Export Policies Toward China

Kaumimarg Bureau / IANS | November 12, 2024 06:38 PM

Tokyo, Nov 12 – Japan’s benchmark Nikkei index dropped 157.23 points (0.4%) to close at 39, 376.09 as investor anxiety rose over potential US export restrictions affecting Chinese tech. Semiconductor stocks, heavily reliant on Chinese demand, saw significant declines.

Key Highlights:

Nikkei Volatility: The index briefly plunged nearly 400 points in afternoon trading, reflecting market sensitivity to trade policy news.
Resistance Level: Nikkei has struggled to break past the 39, 800 threshold, leading to cautionary selling.
TOPIX Gains: In contrast, the TOPIX closed 0.07% higher at 2, 741.52, marking its first gain in three days.
Market sentiment remains cautious as investors await clarity on US trade moves, which could significantly impact Japan’s semiconductor and export-dependent sectors.

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