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As on : 22-Oct-2024
Market Commentary - Foreign Markets
22-Oct-2024     16:39

Japan's Nikkei down 1.39%

Japanese stocks tumbled amid concerns the ruling party may lose its lower house majority in the Oct. 27 election.

The Nikkei average fell 1.39 percent to 38,411.96 while the broader Topix index settled 1.06 percent lower at 2,651.47.

Tech stocks suffered heavy losses, with Advantest and Tokyo Electron falling around 3 percent each. Uniqlo-brand owner Fast Retailing lost 3.2 percent.

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