The Nikkei index fell for the third straight session Friday in Tokyo, ending at a fresh two-month low on selling prompted by the dollar’s dive amid concerns over U.S. labor market conditions.
The 225-issue Nikkei Stock Average closed down 26.49 points, or 0.21 percent, from Thursday at 12,877.53, after sliding to as low as 12,548.20. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 13.82 points, or 1.29 percent, at 1,056.95.
Decliners were led by steel, tire and oil firms while gainers included real estate, utilities and consumer finance issues.
The Nikkei briefly fell more than 350 points, shedding most of the gains made since April 4, when the Bank of Japan unveiled aggressive monetary easing, which had driven the market to its highest level in about five years and five months of 15,627 in late May.
via Mainichi
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019