Japan’s Nikkie index settled lower on Tuesday as the yen strengthened toward 153 per dollar with growing speculation that the Bank of Japan will raise interest rates as early as April 2026. Besides, soft Japanese GDP data released on Monday and a significant sell-off in technology and artificial intelligence-related stocks have dented sentiments. Further, Japanese shares weakened amid thinned trading following yesterday’s US holiday, while most markets in Asia were closed for Lunar New Year holidays. Meanwhile, investors were awaiting for release of US economic readings, including gross domestic product data, PCE inflation figures and minutes from the Federal Reserve’s last meeting.
Japan’s Nikkei closed down by 239.92 points or 0.42% to 56,566.49.
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