Stocks lost ground for the third straight day on the Tokyo Stock Exchange Thursday, hit by the yen’s advance against the dollar, with the benchmark Nikkei average closing below 15,500 for the first time in more than a month.
The 225-issue Nikkei average lost 117.05 points, or 0.75 percent, to close at 15,478.93, the lowest finish since Sept. 1. On Wednesday, the key market gauge sagged 187.85 points.
The TOPIX index of all First Section issues ended down 14.07 points, or 1.1 percent, at 1,260.78, after falling 16.04 points the previous trading day.
Tokyo stocks attracted buying at the outset of Thursday’s trading following an overnight surge in U.S. equities.
via Japan News
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
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