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Japan`s Nikkei Edge Signals Mixed Investor Sentiment Pre-Election
Wednesday, October 23, 2024       09:04 WIB

Japan's Nikkei inched up by 0.11% to 38,453.66, thanks to a weaker yen boosting exporters right before the upcoming lower house elections.
The yen's weakest point against the US dollar since July, at 151.19, has improved the outlook for exporters by raising their overseas earnings when converted back to yen.
This currency shift has lifted investor spirits, especially toward domestic stocks. However, the upcoming lower house elections have introduced some caution in the market. Prime Minister Shigeru Ishiba's call for a snap election on October 27 has raised concerns about the ruling LDP and Komeito party potentially losing their majority.
Despite this political uncertainty, sectors like automakers gained significantly, with Toyota Motor rising 3.85% and Honda Motor 2.98%, pushing the broader Topix index up by 0.17% to 2,656.02.

Sumber : finimize.com

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