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Japan’s Nikkei hits one-month low with mixed US tech earnings and a yen rally

Japan’s Nikkei share average dropped for a sixth consecutive session, closing at a one-month low. This marked its longest losing streak. The broader Topix index also slid. The decline was driven by mixed earnings reports from major U.S. tech firms and a strengthening yen. Wall Street had ended slightly lower as investors awaited earnings from Alphabet and Tesla. Alphabet exceeded second-quarter earnings estimates, but Tesla reported its lowest profit margin in over five years and missed estimates, contributing to market uncertainty. Read more to find out how will Nikkei trend.

how will Nikkei trend

Disclaimer:

Traders should be wary of the potential for sudden market shifts triggered by other political and economic developments, where proper risk management is vital.

Publication date:

2024-07-27 11:54:37 (GMT)

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