Wellness Communications IPO soars; Nikkei edges down; Fed Governor Michelle Bowman supports July rate cut - Mon 23 Jun 2025

Nikkei 225 Summary
Wellness Communications IPO soars; Nikkei edges down; Fed Governor Michelle Bowman supports July rate cut - Mon 23 Jun 2025

Tokyo Electric Power (-4.17%) leads losers as oil prices hits 5 month highs amid Middle East tensions.

Chugai Pharmaceutical (+4.47%) leads gainers as traders rotate into the pharma sector.

Healthcare Data Platform, Wellness Communications Corporation (366A) soars +47.58% to hit 3,660 yen from its IPO price of 2,480 yen on its Monday debut today.

Meanwhile, Wall Street turns positive midday after another Fed Governor Michelle Bowman supports a July rate cut to help the labor market and to bring the short-term rates closer to being net neutral for the economy.

Nikkei225  38,354.09 (-49.14 -0.13%) 69 up 154 down 2 flat

JGB 10YR   1.414% (+0.016)            

USD/JPY    146.42 (+0.35 +0.24%)


 

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