November 13, 2024 at 01:53 am EST
(MT Newswires) -- Japanese shares declined on Wednesday, pressured by investor concerns over US President-elect Donald Trump's policy agenda, which could fuel inflation and potentially hinder future interest rate cuts.
The Nikkei 225 ended 1.66% lower, down 654.43 points to close at 38,721.66.
Trump's proposed tariffs and top Cabinet appointments, seen as reinforcing "America First" policies, stoked unease about rising inflation and trade frictions.
Data from the Bank of Japan showed the Producer Price Index rose 0.2% in October from the previous month, with gains led by agriculture, metal products, and machinery.
In company news, Sekisui House Reit (TYO:3309) disclosed a $4.5 million investment in two US special-purpose firms to acquire Washington, D.C.'s City Ridge property, funded through a mix of internal cash and borrowings, it reported in a Tuesday filing.
F-code (TYO:9211) and its subsidiary Sakiyomi announced plans to acquire shares in Buzz, a newly formed venture from Active's social networking and marketer-matching units, aligning with F-code's digital transformation and SaaS expansion goals.
Semiconductor materials producer JSR (TYO:4185) will establish a metal oxide resist plant in Cheongju, South Korea, aiming for completion by 2026 to support advanced chip production, according to South Korea's Ministry of Trade, Industry and Energy.
Sumber : MT Newswires
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