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Reuters on MSN1d
Japanese stocks hit new record as weaker yen boosts exporters
Japan's Nikkei share average extended its gains from last week to end at a record high on Monday, as a weaker yen pushed automakers' stocks higher. Julian Satterthwaite reports.
Asia-Pacific stocks were mixed Tuesday, Aug. 19, with the Hong Kong market declining for the fourth session.
Now, Japan is facing unprecedented headwinds, making foreigners worried. The biggest is the coming Donald Trump 2.0 presidency, which threatens to unleash trade wars like Asia has never seen before.
Japanese stocks will likely tumble on Monday after Shigeru Ishiba’s surprise victory in the ruling party’s leadership race raised expectations that interest rates will increase.
A version of this article appears in print on Aug. 3, 2024, Section B, Page 3 of the New York edition with the headline: Japanese Stocks Tumble as Yen Strengthens, Ending Long Surge.
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