Asia-Pacific markets slip with Japan's Nikkei leading losses; yen strengthens
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 1.57% and extending a seven-day losing streak, while South Korea reported its lowest unemployment rate since 1999 at 2.4%.
Economic Indicators: 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, Taiwan Semiconductor Manufacturing Corp reported a year-on-year revenue increase despite a slight monthly decline.
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.
