Japanese stocks decline after weak US data, rising yen
Tokyo - (Saba):
Japanese stocks fell on Thursday, amid weak US economic data that raised concerns about the growth prospects for the world's largest economy. A stronger yen pressured export-oriented stocks, particularly automakers.
The Nikkei index fell 0.1 percent, closing at 37,704.91 points, after losing about 0.6 percent earlier in the session.
The broader Topix index also fell 0.64 percent to 2,627.17 points.
Markets were affected by a report from research firm ADP, which showed a slowdown in US private-sector hiring, with employers hiring the fewest workers since March 2023, and the services sector contracting for the first time in a year.
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