Headline indices of the Japan share market closed down on Thursday, 07 February 2019, as profit-taking and position-squaring selling triggered on tracking fall in Wall Street overnight and yen's appreciation against the U.S. dollar. Total 32 sub-indexes out of 33 sub-indexes of TOPIX closed down, with shares in Oil & Coal Products, Pulp & Paper, Mining, Real Estate, Construction, and Foods issues being notable losers. At closing bell, the 225-issue Nikkei index declined 122.78 points, or 0.59%, at 20,751.28. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 13.10 points, or 0.83%, to 1,569.03.

US shares ended down after a batch of mixed earnings, with President Donald Trump's State of the Union address on Tuesday night having little effect on stocks.

Investors were also taking a wait-and-see attitude on concerns over China-US trade talks and the two day US-North Korea summit planned for later this month.

Shares of exporters were lower, with automakers leading losses, partly because of concerns over the US-China trade war and the risk of a wider global economic slowdown. Toyota fell 1.9%, Honda was off 1.1%, and Nissan finished down 0.2%. Sony slumped 2.6% following its lowering of sales and profit estimates for the current business year to March. Chemical producer Asahi Kasei lost 4.8% due to its profit warning for the same year.

Technology conglomerate SoftBank Group shot up 17.7% on buying triggered by its announcement of an own-share buyback plan of up to 600 billion yen. Chipmaking gear manufacturers Tokyo Electron, Screen and Disco rose by 1.7%, 3.7% and 2.2%, respectively, thanks to a leading U.S. semiconductor producer's surge on Wall Street.

CURRENCY NEWS: Japanese yen was little changed against greenback on Thursday. The dollar fetched 109.98 yen, against 109.97 yen in New York.


Powered by Capital Market - Live News

0 thoughts on “Japan Nikkei falls on Wall Streets slide yens rise”

Post Comment

  Intraday Tips

Buying and selling recommendation given for intraday trading is called as intraday tips. Accurate intraday calls are commonly provided in all segments such as equity, nifty future, nifty option, stock future and commodities. In today's trend intraday tips are also called as day trading calls.

View My Stats