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As on : 11-Apr-2025
Market Commentary - Foreign Markets
11-Apr-2025     17:12

Japan equities under stress after testing 18-month low this week

Japan stocks slumped on Friday amid sustained selling pressure as electronics and communication shares saw hefty selling. The benchmark index Nikkei 225 slumped around 3% to end at 33585. The index had lost around 6% in intraday moves but cut losses as session progressed. Sony Corp and Seiko Epson Corp lost 7.40% and 6.70% respectively. With this slide, Nikkei has lost around 11% in last two weeks. The index tested lowest in one and half years this week before witnessing a recovery. Strength in Japanese Yen against the US dollar is keeping stocks under stress in Japan. Broad worries over US tariffs are hurting as well.

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