TOKYO (AP) — Asian shares were mixed on Wednesday after U.S. stocks held relatively steady on Wall Street.
U.S. futures and oil prices slipped, while the yen weakened further against the U.S. dollar.
Tokyo’s Nikkei 225 lost 1.6% to 38,202.37.
Nintendo Co.’s share price sank 5.4% after the company’s forecasts disappointed investors and it announced that news of a successor product to its popular Switch device will be made by March 2025.
Sony Corp. shed 5% amid speculation over a potential buyout of Paramount Global by Sony Pictures and the private equity firm Apollo Global Management.
Market players are watching to see how authorities react to the yen’s persisting weakness against the U.S. dollar.
The dollar rose to 155.20 Japanese yen from 154.50 yen. Japanese officials have expressed concern after the yen’s value slipped to 160.25 per dollar in recent days, prompting the Ministry of Finance to intervene.
Kai Cenat's riot charges dropped after he apologizes and pays for Union Square mayhem
Culture, Museum Craze Drives Consumption During China's Eight
11th Straits Youth Day Marked in Fuzhou
Experts Restore Terracotta Warriors in Xi'an
Rojas and France help the Mariners knock off the Twins 10
Highlights of Cultural Activities at Chengdu Universiade
New Semester for Primary and Middle Schools Begins in Urumqi, Xinjiang
Asian Games Torch Relay Highlights History, Vitality of Jiaxing
Noting campus protests, Democrats are preparing for intense action at their summer convention
Calligraphy, Painting Industry Thrives in E China's County
Hong Kong court bans 'Glory to Hong Kong' song
Culture, Museum Craze Drives Consumption During China's Eight