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Japan's Nikkei 225 jumps 2.5% as yen weakens; Hong Kong stocks slip

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Markets in mainland China will remain closed until Oct. 8 for a week-long holiday and South Korea will be shut Thursday for National Foundation Day.

The Japanese yen weakened against the U.S. dollar, a day after clocking its largest single-day decline since June 2022.

The uptick came as the yen slid to as weak as 147.15 against the U.S. dollar, a day after clocking its largest single-day decline since June 2022.On Wednesday, Japan's new prime minister, Shigeru Ishiba, told reporters economic conditions don't currently support another rate hike. Ishiba made his commentsafter hitting a 22-month high. Chinese stocks have been on a tear ever since authorities announced a slew of support measures last week.data came in at 49.

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