Japan's Nikkei loses ground as investor focus shifts to BOJ, Fed meetings

Japan's Nikkei 225 Index fell 1% to 50,491.87, influenced by rising domestic interest rate expectations and an 18-year peak in Japanese government bond yields. Investors are focused on upcoming BOJ and Fed meetings, with speculation of a BOJ rate hike and high odds of a Fed rate cut. Major decliners included Trend Micro and Bridgestone, while Ibiden and SoftBank Group were among the gainers.

Asian shares are mixed after Wall Street inches closer to its all-time high

Asian shares showed mixed performance as the U.S. stock market remained near record highs. U.S. futures rose, but oil prices declined. Japan's Nikkei 225 lost 1.2%, closing at 50,408.70, amid data revealing a 3.0% year-on-year drop in Japanese household spending for October.

"Asian Stocks" Mixed Developments in Asia-Pacific Stock Markets, Japanese Stocks Retreat, Indonesian Stock Market Hits Record High

The Asia-Pacific stock markets showed mixed developments, with the Taiwan and South Korean markets performing well, while the Japanese market retreated. The People's Bank of China conducted large-scale reverse repurchase operations. The Shanghai Composite Index and Shenzhen Component Index rose slightly, while the Hong Kong Hang Seng Index fell. Stocks such as Taiwan Semiconductor and MediaTek rose in Taiwan's market. The Nikkei Index declined, with AI concept stocks showing mixed performance. The South Korean Kospi Index rose, with Hyundai Motor reaching a new intraday high. The Australian stock market rose slightly, while mining stocks fell. The New Zealand stock market declined. The Indian stock market rose slightly. Southeast Asian stock markets showed mixed performance, with the Indonesian stock market reaching a new intraday high

Japanese Shares Fall on Market Caution

Japanese shares fell as the Nikkei 225 Index dropped 1.2% and the Topix Index fell 1% amid market caution ahead of a US inflation report. Rising global bond yields and potential rate hikes by the Bank of Japan pressured equities. Notable losses included Advantest, Fanuc, Fujikura, Tokyo Electron, and Toyota Motor. Mitsubishi UFJ plans to partner with Morgan Stanley in asset management.

The Nikkei 225 index's decline has expanded to 1%