Tokyo stocks dropped 4% on September 30 due to a stronger yen after Shigeru Ishiba's election as Japan's ruling party leader.
Tokyo stocks dropped over 4% on September 30, driven by a stronger yen after Shigeru Ishiba's election as Japan's ruling party leader, leading to expectations of rising interest rates from the Bank of Japan. Conversely, Hong Kong and Shanghai markets continued to rise, buoyed by optimism regarding additional support measures from Chinese authorities to stabilize the struggling economy, particularly in the property sector.
September 30, 2024
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