FX168 Financial News (Asia Pacific) News The Tokyo stock market had mixed ups and downs on Friday (November 8). Although technology stocks rose, automakers' stock prices fell due to concerns that the Japanese government might intervene in yen purchases due to concerns that the Japanese government might intervene in yen purchases.

By the close, the Nikkei Average for 225 stocks had risen 118.96 points, or 0.30%, to close at 39,500.37 points. The broader TSE index fell 0.93 points, or 0.03%, to close at 2,742.15 points. #日本市场 #

In the motherboard market, stocks in the precision instruments and services sector rose, while stocks in the pulp, paper, and transportation equipment categories led the decline.

The Federal Reserve cut interest rates by 0.25 percentage points as expected by the market on Thursday to support growth. Optimism about the US economy boosted the market, and the Tokyo stock market was boosted. The US NASDAQ index reached a record high, driving tech stocks higher.

However, as the appreciation of the yen boosted the sell-off of automobile stocks, the Nikkei index turned negative for a while, and Nissan Motor's stock price plummeted 6%. The company announced a sharp drop in profits from April to September and plans to lay off 9,000 employees, which also dampened market sentiment.

In Tokyo, the dollar fell slightly to a high range of 152 yen against the yen. Earlier, Japan's Finance Minister Katsushin Kato said that the government would take “appropriate measures” to deal with recent excessive fluctuations in the yen.

Traders said that the yen has recently weakened against the US dollar because the market expects that policies such as tax cuts and tariff increases proposed by US President-elect Donald Trump may cause US interest rates to rise.

Shingo Ide, chief stock market strategist at the NLI Institute, said that although the Chancellor of the Exchequer's remarks were not surprising, the appreciation of the yen dampened market sentiment.

“The so-called Trump deal — a rise in US interest rates, a rise in the stock market, and a stronger dollar — has now come to an end,” he said. Investors are awaiting the implementation of Trump's policies and the order in which they are implemented.