After an extended weekend, the Japanese stock market is trading lower on Tuesday with the overnight weak close on Wall Street amid lingering worries about the debt crisis in U.S. and Europe hurting sentiment. The yen's surge against the greenback too is contributing to the weakness.
The benchmark Nikkei 225 index, which recovered to around 9,946 after falling to 9,910, is currently trading at 9,918, down 56.5 points or 0.6 percent from its previous close.
Kansai Electric Power is losing more than 4 percent. Canon, Nikon Corp., Mitsumi Electric, Nomura Holdings, Sumco and NGK Insulators are down 2 to 2.3 percent.
Panasonic Corp., Dai-ichi Life, Daikin Industries, Tokyo Gas, Casio Computer, Advantest, Chubu Electric Power and GS Yuasa are also trading notably lower.
Among automobile stocks, Honda Motor, Isuzu Motors, Hino Motors, Toyota Motor and Nissan Motor are trading notably lower, while Mazda Motor and Mitsubishi Motor are trading flat.
In the banking space, Mitsubishi UFJ Financial is down 2.8 percent. Mizuho Financial and Mizuho Trust & Banking are also down with notable losses. Shinsei Bank, Bank of Yokohama, Shizuoka Bank and Chiba Bank are up with modest gains.
Oki Electric, Sojitz, Nippon Soda, UBE, Sumitomo Metal Mining, Sumitomo Osaka and Seven & I Holding are in positive territory with strong gains.
In the currency market, the U.S. dollar was trading slightly below 79 yen in early deals in Tokyo. The yen is currently trading at 79.04 to the U.S. dollar.
Among other markets in the Asia-Pacific region, Australia, Singapore and South Korea are trading modestly higher. Malaysia, New Zealand and Taiwan are trading weak, while Shanghai is trading flat. Markets across the region ended with modest losses on Monday.
On Wall Street, stocks ended notably lower on Monday amid continued uncertainty about the U.S. debt limit and on lingering concerns about the debt crisis in Europe.
The Dow ended down 94.6 points or 0.8 percent at 12,385.2, the Nasdaq slid 24.7 points or 0.9 percent to 2,765.1 and the S&P 500 closed lower by 10.7 points or 0.8 percent at 1,305.4.
Major European markets ended with sharp losses on Monday. The French CAC 40 index lost 2 percent, while the German DAX index and the U.K.'s FTSE 100 index both closed lower by 1.6 percent.
Crude oil prices declined on Monday amid growing fears about likely debt default in Europe and the United States. The possibility of an emergency stock release from the International Energy Agency too contributed to the crude's decline. Light, sweet crude for August delivery ended down $1.31 at $95.93 a barrel on the New York Mercantile Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.