Japanese Market Significantly Lower

RTTNews | 581 дней спустя
Japanese Market Significantly Lower

(RTTNews) - Snapping the six-session long record rally, the Japanese stock market is significantly lower on Tuesday, with the Nikkei 225 falling below the 35,700 mark, following the broadly negative cues from European markets overnight, with losses across most sectors led by financial and technology stocks.

The benchmark Nikkei 225 Index is down 234.05 points or 0.65 percent at 35,667.74, after hitting a low of 35,587.53 earlier. Japanese shares ended significantly higher on Monday.

Market heavyweight SoftBank Group is losing almost 1 percent and Uniqlo operator Fast Retailing is down almost 1 percent. Among automakers, Honda is edging down 0.4 percent and Toyota is edging down 0.5 percent.

In the tech space, Advantest and Tokyo Electron are losing almost 2 percent each, while Screen Holdings is declining almost 1 percent.

In the banking sector, Sumitomo Mitsui Financial is losing almost 2 percent, Mitsubishi UFJ Financial is declining almost 1 percent and Mizuho Financial is down more than 1 percent.

The major exporters are mostly lower. Panasonic is losing almost 2 percent and Mitsubishi Electric is declining more than 2 percent, while Sony and Canon are down almost 1 percent each.

Among the other major losers, Toppan Holdings and Dai Nippon Printing are losing almost 4 percent each, while Dowa Holdings, NEXON and Yamato Holdings are declining almost 3 percent each.

Conversely, Aeon is gaining almost 3 percent.

In the currency market, the U.S. dollar is trading in the higher 145 yen-range on Tuesday.

On Wall Street, the markets were closed for Martin Luther King Jr. Day on Monday after closing mixed on Friday.

Meanwhile, the major European markets moved to the downside on the day. The U.K.'s FTSE 100 ended lower by 0.39 percent, Germany's DAX drifted down 0.49 percent and France's CAC 40 lost 0.72 percent.

read more
U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

A report released by the Commerce Department on Tuesday unexpectedly showed a sharp increase by new residential construction in the U.S. in the month of July. The Commerce Department said housing starts shot up by 5.2 percent to an annual rate of 1.428 million in July after spiking by 5.9 percent to an upwardly revised rate of 1.358 million in June.
RTTNews | 3ч 19мин назад
Bay Street May Open On A Slightly Positive Note

Bay Street May Open On A Slightly Positive Note

Canadian shares look headed for a slightly positive start on Tuesday, tracking steady European markets amid hopes of a Russia-Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good."
RTTNews | 5ч 15мин назад
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK stock market is modestly higher a little past noon on Tuesday amid expectations of a Ukraine peace deal. Investors are also looking ahead to the Federal Reserve's economic symposium at Jackson Hole, Wyoming, that gets underway on Thursday.
RTTNews | 5ч 43мин назад
Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Tuesday.
RTTNews | 6ч 3мин назад
CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment

CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment

The French market is notably higher on Tuesday as investors pick up stocks amid hopes of a Russia - Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
RTTNews | 6ч 29мин назад
Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook

Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook

Home Depot Inc. reported Tuesday slightly lower profit in its second quarter, despite higher sales and comparable sales. Meanwhile, Adjusted earnings per share and top line missed market estimates. Further, the company maintained its outlook for fiscal 2025 earnings and sales growth.
RTTNews | 6ч 35мин назад