Arab Today, arab today japanese stocks pulled down by us debt impasse
Last Updated : GMT 12:18:37
Arab Today, arab today
Arab Today, arab today

Japanese stocks pulled down by US debt impasse

Arab Today, arab today

Arab Today, arab today Japanese stocks pulled down by US debt impasse

Tokyo - AFP

Tokyo shares fell in morning trade Monday, sliding 0.63 percent on concerns over stalled talks on raising the US debt ceiling that also spurred the safe-haven yen. Worries over a possible default by the world\'s top economy sent investors to buy the yen and sell the dollar, a trend that hurts Japanese exporters by eroding overseas earnings. The Nikkei index at the Tokyo Stock Exchange lost 63.48 points to 10,068.63. The Topix index of all first section shares fell 0.59 percent or 5.12 points to 863.69. As Asian financial markets opened for the new trading week, it was still uncertain whether the White House and US lawmakers would reach a deal by a deadline of August 2 to avoid a disastrous sovereign debt default. Investors who had previously written off the impasse as political gamesmanship were now being forced to consider the possibility of default, dealers said. \"If a deal cannot be reached by the end of this week, it will cause a major problem so markets will be jittery ahead of the deadline,\" Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management, told Dow Jones Newswires. Finance Minister Yoshihiko Noda said he would \"monitor\" the US negotiations, in a brief remark to reporters shortly before the opening bell. He said he would also watch the forex market, with the sustained strength of the yen hurting Japan\'s export sector. \"I will continue to closely monitor market movement today,\" Noda said, as the yen climbed to 78.39 to the dollar, firming further from 78.52 yen in New York Friday. Against the euro, the Japanese unit was at 112.87, down from 112.69 in New York. The yen\'s strength was \"throwing cold water\" on manufacturers that have recovered quickly from disruptions caused by the March earthquake and tsunami, said Tetsuya Miura, chief market analyst at Mizuho Securities. However, investors remained hopeful for solid corporate earnings from major Japanese firms. A slew of Japanese corporate earnings are due this week, including results from Nissan Motor, Sony, and Fanuc. Toyota Motor lost 1.34 percent to 3,290 yen in the morning session. Construction equipment producer Komatsu fell 2.24 percent to 2,482. Sony fell 1.85 percent to 2,061. Utility stocks were lower, with Tokyo Electric Power, the operator of Japan\'s crippled Fukushima Daiichi nuclear plant, off 6.3 percent at 509 yen.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japanese stocks pulled down by us debt impasse Arab Today, arab today japanese stocks pulled down by us debt impasse

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday