Japan's Nikkei 225 slid 1.21% to 38,482.12 amid political uncertainty around the upcoming election, with Wall Street's downturn amplifying market jitters.
Concerns are brewing in Japan as the ruling Liberal Democratic Party (LDP) and its coalition partner Komeito could lose their majority in the lower house election on October 27.
Prime Minister Shigeru Ishiba dissolved the lower house earlier this month, heightening investor doubts about stability and future policies. If the LDP fails to secure a majority, new alliances might be necessary, adding to the uncertainty.
These political jitters are unsettling markets in Japan and beyond, with Wall Street's recent downturn reflecting fears over high valuations and rising Treasury yields before major US corporate earnings. Tokyo giants like Fast Retailing and Tokyo Electron felt the impact, signaling broader market anxiety.
The Topix index's 0.96% drop underscores sector-wide concerns, particularly with financial firms like Mitsubishi UFJ Financial Group falling 1.33%.
Sumber : finimize.com
powered by: IPOTNEWS.COM
