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Home » GLOBAL MARKETS-Yen’s drop to 1990 low lifts Nikkei; China stocks sag

GLOBAL MARKETS-Yen’s drop to 1990 low lifts Nikkei; China stocks sag

    Japanese stocks advanced on Wednesday as the yen sagged to its weakest since 1990, but Chinese markets slipped and regional stocks overall lacked strong direction in a holiday-shortened week that ends with a key reading on U.S. inflation. Japan's Nikkei finished the day up 0.9% at 40,762.73, bringing it close to the all-time high of 41,087.75 reached last Friday. The yen weakened to as far as 151.975 to the dollar, spurring an immediate warning from Japan's finance minister of "decisive action," a phrase he last used in late 2022, ahead of yen-buying intervention.

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