Asia markets faltered with Japan's Nikkei leading losses on week-long losing streak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
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Source: CNBC
Market Performance: Asia-Pacific markets declined, with Japan's Nikkei 225 falling 1.49% for its eighth consecutive loss, while South Korea reported a record low unemployment rate of 2.4%.
Economic Insights: Business confidence in Japan decreased to a seven-month low, and the Bank of Japan indicated potential interest rate hikes if economic conditions align with forecasts; meanwhile, U.S. stocks showed mixed results as traders anticipated an interest rate cut.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
