Global Market: Japan's Nikkei Slips as Intervention Fears Weigh; Toyota Earnings in Focus
5 Articles
5 Articles
Global Market: Japan's Nikkei slips as intervention fears weigh; Toyota earnings in focus
Japan’s Nikkei edged 0.11% lower, while the Topix fell 0.26%, as investors remained cautious over possible further yen-buying intervention by authorities and awaited Toyota’s quarterly earnings. The yen traded around 157.5 per dollar after Japan and the US coordinated intervention to support the currency, raising concerns for exporters.
TOKYO (Reuters) - Japan's Nikkei share average fell on Tuesday from a one-week high hit in the previous session, weighed down by a sharp rise in the yen after Tokyo and Washington confirmed they would intervene jointly in the currency market late last week. The Nikkei slipped nearly 1 percent to close at 63,754.90, while the broader Topix index lost 1.1 percent to 3,960.03. Of the 225 stocks on the Nikkei, 169 declined and 52 advanced. The yen r…
Nikkei 225 Index on edge ahead of Softbank earnings as Japanese yen dips
The Nikkei 225 Index retreated by over 1.25% today, August 6, as technology companies like Softbank, Kioxia Holdings, Tokyo Electron, and Advantest pulled back. It also dropped as the Japanese yen resumed its downtrend despite the Bank of Japan (BoJ) and US government rescue. It retreated to 65,455 points, down from the year-to-date high of 72,845. Softbank, Kioxia, and Tokyo Electron retreated Technology companies, which fueled the Nikkei 225 i…
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