country
EN
Nikkei Edges Higher as Electronics Gains Offset Bank Selling
['News On Japan']
News On Japan
TOKYO - Tokyo stocks ended mixed on July 30, with the Nikkei 225 closing at 61,683.96, up 0.4%, as gains in electronics and selected semiconductor-related shares offset selling in financial stocks ahead of the Bank of Japan’s policy decision.
Investors remained cautious, but the market avoided a third straight decline as bargain buying returned to some electronics names and as selling in the most volatile AI shares appeared to slow.
The selling reflected profit-taking and caution ahead of the BOJ decision after banks had benefited from expectations of higher interest rates.
Investors were reluctant to extend recent gains in banks before hearing Governor Kazuo Ueda’s assessment of inflation, the yen and future rate increases.
The yen remained near its weakest level in about 40 years.