Nikkei Slips Back Toward 70,000 as Investors Lock In Gains After Three-Month High, Oil Rebound Weighs
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The Japanese market starts the week in red, with the Nikkei under 70,000 and the yen being appreciated. Read more Nikkei drops to 69,855 points, yen reaches 157,90 towards the dollar on News.it.
On the morning of the 8th, the Tokyo stock market saw the Nikkei 225 average continue its decline. The index fell by more than 800 yen at one point, dropping below the key 70,000 yen mark. Concerns over the previous day's decline in US stocks and the worsening situation in the Middle East weighed on the market, leading to a surge in selling orders.
The Asian exchanges closed down on Wednesday (7), in the midst of the resumption of oil strength, despite Wall Street having advanced to record levels yesterday. The Japanese Nikkei index fell 0.92% in Tokyo, to 70,035.71 points, pressed by shares of the financial sector. In Seoul, South Korean Kospi declined 1.98%, to 6,803.90 points, under [...]
Nikkei Slips Back Toward 70,000 as Investors Lock In Gains After Three-Month High, Oil Rebound Weighs
Japan's Nikkei 225 fell 0.92% after surpassing 70,000, as investors took profits and rising oil prices, bond yields and interest-rate uncertainty pressured shares.
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