Arab Today, arab today nikkei drops 023 on tepid domestic economic data
Last Updated : GMT 23:24:06
Arab Today, arab today
Arab Today, arab today

Nikkei drops 0.23% on tepid domestic economic data

Arab Today, arab today

Arab Today, arab today Nikkei drops 0.23% on tepid domestic economic data

The Nikkei stock index
Tokyo - XINHUA

The Nikkei stock index declined 0.23 percent Friday as Japan's tepid industrial output data coupled with rising tensions in Ukraine contrived to sour the market mood on the last trading day of the week.
The Nikkei 225 index dropped 35.27 points to close at 15,424.59, while the broader Topix index of all first-section shares fell 0. 22 percent, or 2.77 points, to close at 1,277.97.
Traders here pointed to data released earlier Friday by the Ministry of Economy, Trade and Industry, showing that Japan's industrial production came in weaker than expected in July.
According to the government report, factory output rose by only 0.2 percent on month, missing median economists' forecasts for a 1 percent increase.
Both domestic and overseas demand were seen to be sluggish in the recording period, owing to the April 1 tax hike and METI maintained its assessment on Japan's factory output saying that, " Industrial production has weakened."
"Among the data, a weaker-than-expected rebound in industrial output particularly weighed on the market," said Masashi Akutsu, an equity strategist at SMBC Nikko Securities Inc.
Other data causing investors to hold off on buying in the early session included the Ministry of Internal Affairs and Communications saying that Japan's unemployment rate dropped to 3. 8 percent in July from 3.7 percent the previous month, marking the second straight monthly increase.
The ministry said that the number of unemployed people rose by 40,000 from a month earlier to total 2.48 million.
In a separate report, the ministry also said average monthly household spending declined an inflation-adjusted 5.9 percent in July from a year before, marking the fourth straight run of declines, in a sign that the nation has been unable to shake off the negative effects of the April 1 tax hike.
Analysts here said that despite a pause in the yen's appreciation against the U.S. dollar in later trade allowing for the market to recoup some of its earlier losses, investors were reluctant to chase issues higher ahead of the Labor Day weekend in the U.S.
In addition, mounting concerns about tensions in Ukraine also sidelined some investors, brokers said, as satellite imagery and NATO sources have been used to suggest to global powers that thousands of Russian troops have entered eastern Ukraine and are fighting there.
NATO released satellite images that it claimed showed Russian armored vehicles and artillery had been crossing into Ukraine for at least a week. Moscow has denied the reports.
In currency trade the U.S. dollar was fetching 103.82 yen in the afternoon in Tokyo, compared to 103.75 yen in New York.
Toyota closed the week in negative territory, easing 0.11 percent to 5,928 yen and Canon dropped 0.38 percent to finish at 3, 399 yen.
Pioneer was another notable decliner Friday, falling 1.5 percent to 323 yen, after Pioneer and Sharp said Thursday they will dissolve their capital tie-up.
Sharp said it will sell its stake in Pioneer and the electronics maker closed up 0.9 percent at 328 yen.
Machine tool maker Okuma relinquished 1.7 percent to 835 yen, after Mitsubishi UFJ Morgan Stanley cut its rating on the company to "underperform" from "neutral" and lowered its share-price target to 700 yen from 840 yen.
Nikkei heavy Fast Retailing, operator of the Uniqlo chain of high street apparel stores, also slipped into negative territory Friday, edging down 0.35 percent to finish at 32,550 yen.
Heavily weighted mobile carrier SoftBank, however, leapt 3.4 percent to close the week at 7,506 yen.
Trading volume on Friday rose to 2.05 billion shares on the Tokyo Exchange's First Section, up from Thursday's volume of 2.03 billion shares, with declining issues outnumbering advancing ones by 949 to 694.

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 nikkei drops 023 on tepid domestic economic data Arab Today, arab today nikkei drops 023 on tepid domestic economic data

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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