In afternoon trading on Monday, Japan’s benchmark Nikkei 225 index dropped to 38,496.66 points, marking a decline of three percent. This downward movement coincided with the yen’s advance to 146.60 per dollar, indicating a strengthening of the Japanese currency against the greenback.
The decline in Japan’s Nikkei index was primarily attributed to the strengthening yen, which negatively impacted the export-oriented companies in the country. Additionally, semiconductor stocks experienced a sell-off, further contributing to the overall decline in the stock market.
In afternoon trading, Japan’s benchmark Nikkei 225 index dipped to 38,496.66 points. Concurrently, the yen made gains against the dollar, reaching 146.60 per dollar.
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