Tokyo | January 26, 2026
Asian stock markets mostly declined on Monday after the Japanese yen strengthened against the US dollar, putting pressure on Japan’s export-driven equities and weighing on broader regional sentiment.
Japan’s benchmark Nikkei 225 index fell 1.9% to 52,812.45, led by losses in major exporters. Shares of Toyota Motor Corp. slid 3.2%, reflecting concerns that a stronger yen could erode overseas earnings.
Yen Strength Weighs on Exporters
A weaker yen typically benefits Japanese exporters by boosting the value of foreign revenues when converted back into local currency. However, the yen has strengthened in recent days after Japanese and US officials signaled readiness to intervene to support the currency.
The US dollar slipped to 154.26 yen from 155.01, continuing its decline from last week’s levels near 158 yen. The euro edged up to $1.1866 from $1.1858, signaling mild shifts across major currency markets.
Mixed Performance Across Asian Markets
Elsewhere in Asia, markets showed a mixed trend:
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South Korea’s Kospi fell 0.6% to 4,961.58
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Hong Kong’s Hang Seng Index dipped 0.1% to 26,722.89
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Shanghai Composite rose marginally by 0.1% to 4,141.10
Markets in Australia, New Zealand, India, and Indonesia remained closed.
US Futures Edge Lower on Policy Uncertainty
US stock futures traded slightly lower amid ongoing uncertainty surrounding American tariff policies. Futures for both the S&P 500 and the Dow Jones Industrial Average slipped 0.3%, signaling a cautious start for Wall Street.
Boeing Sees Growth Opportunity in India
Separately, US aircraft manufacturer Boeing expects additional orders for its 787 Dreamliner aircraft from India, despite ongoing tariff-related challenges between New Delhi and Washington.
Salil Gupte, President of Boeing India and South Asia, said the company remains optimistic about long-term growth in the Indian aviation market. He emphasized shared goals between India and the US for the industrialization of the aerospace sector and expressed confidence in Boeing’s ability to navigate short-term trade hurdles.
Dreamliner Fleet Expanding in India
In India, Air India operates Boeing 787 Dreamliner aircraft. The airline’s first purpose-built Dreamliner since its privatization is scheduled to begin commercial operations on February 1.
In an interview with PTI, Gupte said, “The future of the 787 in India is extremely bright. We expect potentially more orders for the 787 from India.”
Air India currently operates 33 Dreamliners, including 26 older 787-8s, six 787-9s acquired from Vistara, and one newly delivered aircraft. IndiGo also operates some Dreamliner planes leased from Norse Atlantic Airways.
