On March 4, 2024, on the streets of Tokyo, a person walked past an electronic board showing the stock prices of companies listed on the Tokyo Stock Exchange.
Kazuhiro Noki | AFP | Getty Images
Japanese stocks fell the most among Asian markets on Thursday, while Australian shares hit a record high, driven by mining stocks.
Japan’s Nikkei 225 Index It fell 1.22%, while the broader Topix fell 1.31%.
this yen It hit 151.97 to 151.37 against the U.S. dollar on Wednesday, its lowest level against the greenback in 34 years.
The yen’s multi-decade lows have fueled speculation that the government may intervene to support the yen. Japanese Finance Minister Shuni Suzuki said earlier this week that he would not rule out taking measures “to deal with disorderly fluctuations in foreign exchange.”
In Australia, S&P/ASX 200 Index It rose 0.91% after touching an all-time high of 7,901.20. The index was higher for a second day in a row.Gains among heavyweight miners included Rio Tinto up 1.1% and BHP Group up 1.8%.
South Korea’s Kospi fell 0.13%. The smaller Kosdaq edged up 0.06%.
Hong Kong’s Hang Seng Index rose 1.63%, and the Hang Seng Technology Index rose 3.8%.
China’s CSI 300 index rose 1.2%.
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