Shares fall in Japan, while most of Asia's markets are shut for the Lunar New Year holiday

Japan’s benchmark Nikkei 225 scale fell astir 1% connected Tuesday pursuing a U.S. nationalist holiday, while astir markets successful Asia were closed for Lunar New Year holidays.

U.S. futures declined and lipid prices were mixed. Prices for golden and metallic besides fell.

Weak economical information released Monday appeared to beryllium clouding sentiment successful Tokyo, and a 6.2% diminution for tech elephantine SoftBank Group besides pulled shares lower. The diminution follows a large rally aft a resounding triumph for Prime Minister Sanae Takaichi’s ruling statement successful a Feb. 8 wide election.

By midday, nan Nikkei 225 was down 1% astatine 56,237.65.

Traders apt were locking successful profits from nan caller gains that took nan Nikkei to grounds levels. Polls show Takaichi's fame is slow slipping, arsenic hopes for economical revival from her plans to summation authorities spending and trim taxes subside.

In Australia, nan S&P/ASX 200 gained 0.3% to 8,964.10, while India's Sensex edged 0.1% lower. In Thailand, nan SET was down little than 0.2%.

European shares ended mixed connected Monday and trading successful nan U.S. was closed for Presidents Day. U.S. markets are group to reopen Tuesday.

On Friday, nan S&P 500 edged up little than 0.1% a time aft 1 of its worst losses since Thanksgiving. The Dow Jones Industrial Average roseate 0.1%, and nan Nasdaq composite slipped 0.2%.

Share prices person been waxing and waning pinch fluctuations successful assurance complete monolithic investments successful AI. Investors are besides focused connected ostentation and really value pressures mightiness impact liking rates.

In different dealings early Tuesday, benchmark U.S. crude roseate 65 cents to $63.54 a barrel. Brent crude, nan world standard, mislaid 29 cents to $68.36 a barrel.

The U.S. dollar slipped to 153.17 Japanese yen from 153.51 yen. The euro costs $1.1841, down from $1.1852.

The value of golden fell 1.4% and metallic was down 3.4%.

Bitcoin fell 0.6% to astir $68,500.

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Yuri Kageyama is connected Threads: https://www.threads.com/@yurikageyama