Japanese Market Slightly Lower

RTTNews | 960 gün önce
Japanese Market Slightly Lower

(RTTNews) - The Japanese stock market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous three sessions, with the Nikkei 225 staying above the 27,400 level, following the broadly negative cues from Wall Street overnight, with exporters and financial stocks leading the declines. The benchmark Nikkei 225 Index is down 10.28 points or 0.04 percent to 27,421.56, after hitting a low of 27,352.80 and a high of 27,450.26 earlier. Japanese stocks closed significantly higher on Wednesday.

Market heavyweight SoftBank Group is gaining almost 2 percent and Uniqlo operator Fast Retailing is edging up 0.1 percent. Among automakers, Honda and Toyota are losing more than 1 percent each.

In the tech space, Screen Holdings and Tokyo Electron are gaining more than 1 percent, while Advantest is adding almost 3 percent.

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

Among the major exporters, Mitsubishi Electric is down more than 1 percent and Panasonic is edging down 0.2 percent, while Sony is flat. Canon is plunging almost 7 percent after reporting disappointing third-quarter results and also slashed its annual net profit forecast.

Among the other major losers, Seiko Epson is plunging almost 5 percent, while Asahi Group and Concordia Financial are losing more than 4 percent each. Chiba Bank, Fukuoka Financial and Resona Holdings are slipping almost 4 percent each, while Sumitomo Mitsui Trust, Kawasaki Kisen Kaisha and Nitto Denko are down more than 3 percent each. Ricoh, CyberAgent and Toray Industries are declining almost 3 percent each.

Conversely, Hitachi Construction Machinery is gaining almost 5 percent, while Yaskawa Electric and Tokyo Electric Power are up almost 3 percent each.

In the currency market, the U.S. dollar is trading in the 146 yen-range on Thursday.

On Wall Street, stocks indexes went on a roller coaster ride over the course of the trading day on Wednesday after closing sharply higher for three straight sessions. The tech-heavy Nasdaq showed wild swings after an early sell-off before eventually ending the session down 228.12 points or 2.0 percent to 10,970.99.

The S&P 500 also slid 28.51 points or 0.7 percent to 3,830.60, while the narrower Dow inched up 2.37 points or less than a tenth of a percent to a new one-month closing high of 31,839.11.

Meanwhile, the major European markets have moved to the upside over the course of the session. While the German DAX Index jumped by 1.1 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index rose by 0.6 percent and 0.4 percent, respectively.

Crude oil prices climbed higher on Wednesday, buoyed by data showing a drop in gasoline stockpiles and a weak U.S. dollar. West Texas Intermediate Crude oil futures for December spiked $2.59 or 3 percent at $87.91 a barrel.

read more
Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | 33 dakika önce
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 1s 13 dakika önce
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | 2s 0 dakika önce
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 3s 34 dakika önce
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 3s 52 dakika önce