☄️Japanese Stocks May Fall On Monday
⏺Japanese stocks are likely to fall on Monday after Shigeru Ishiba's surprise victory in the ruling party leadership race fueled expectations of higher interest rates.
⏺Nikkei 225 Stock Average futures fell 6% in Osaka after Ishiba's election. The Nikkei 225 jumped 2.3% ahead of the final result as traders bet on a win by Sanae Takaichi, who opposes higher bets. Analysts say the stock market is likely to see big swings in the near future until there is more clarity on Ishiba's policies.
⏺The yen rose sharply after Ishiba's victory. A stronger currency is likely to drag down exporters, while banks are likely to be supported by optimism that their profits will increase amid higher rates.
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⏺Japanese stocks are likely to fall on Monday after Shigeru Ishiba's surprise victory in the ruling party leadership race fueled expectations of higher interest rates.
⏺Nikkei 225 Stock Average futures fell 6% in Osaka after Ishiba's election. The Nikkei 225 jumped 2.3% ahead of the final result as traders bet on a win by Sanae Takaichi, who opposes higher bets. Analysts say the stock market is likely to see big swings in the near future until there is more clarity on Ishiba's policies.
⏺The yen rose sharply after Ishiba's victory. A stronger currency is likely to drag down exporters, while banks are likely to be supported by optimism that their profits will increase amid higher rates.
📌Powered by V3V Ventures