Sana’a: Japanese stocks closed higher on Thursday: supported by a decline in the yen against the dollar after new trade threats from US President Donald Trump.
According to Yemen News Agency, the Nikkei 225 index rose 0.30% to 38,256.17 points, while the broader Topix index rose 0.73% to 2,736.25 points. The weaker yen, which traditionally benefits Japanese exporters, provided a boost to the stock market amid the ongoing trade tensions.
Nissan shares gained 3.65% to close at 446 yen, highlighting investor confidence in the auto sector. However, Seven and I Holdings shares experienced a drop, falling 10.95% to 2,118 yen, following the company’s announcement that the founding family had failed to secure sufficient financing for a full takeover.
This market movement occurred in conjunction with the dollar rising against the yen by 0.13% to 149.28 yen in morning trading. The stronger dollar and weaker yen dynamics played a significant role in Thursday’s stock performance, as investors reacted to the latest developments in international trade policies.