nikkei falls 059 as yens rise spurs profittaking
Last Updated : GMT 08:31:29
Arab Today, arab today
Arab Today, arab today

Nikkei falls 0.59%, as yen's rise spurs profit-taking

Arab Today, arab today

Arab Today, arab today Nikkei falls 0.59%, as yen's rise spurs profit-taking

The Nikkei stock index fell
Tokyo - XINHUA

 The Nikkei stock index fell 0.59 percent on Tuesday as investors opted to take profits as the U.S. dollar retreated against the yen.
The Nikkei 225 index dropped 92.03 points to close at 15,521.22, while the broader Topix index of all first-section issues lost 0. 49 percent, or 6.30 points, to finish at 1,285.01.
Local traders said despite Wall Street offering a strong lead overnight, the market mood was dashed by the U.S. dollar falling against the yen, which tends to drag Japanese stocks down, particularly exporter issues who rely on a weaker yen to boost repatriated profits from overseas.
The U.S. dollar was fetching 103.87 yen in afternoon trade in Tokyo, down from 104.01 yen logged in New York on Monday afternoon.
"A stronger yen triggered a selloff in the futures and cash markets. The fall is a reaction after two weeks of gains," said Yutaka Miura, a senior technical analyst at Mizuho Securities Co.
Other analysts said following the Nikkei's nine-day winning streak that ended last Thursday, there were some concerns among market players about overheating.
"A sense of overheating has led to a lull in buying," said Hiroichi Nishi, assistant general manager of equity research at SMBC Nikko Securities Inc.
Consumer finance related issues comprised some of the day's worst performers, with Credit Saison dropping two percent to close at 2,047 yen and Acom falling 2.4 percent to finish at 361 yen.
Kintetsu Department Store Co. was a notable decliner Tuesday, tumbling 4.8 percent to 355 yen, after the retailer slashed its full-year operating-profit forecast to 4.1 billion yen, down 45 percent from previous projections.
Among heavily weighted issues that closed lower, Mitsubishi UFJ Financial Group Inc. closed down one percent to 597 yen and mobile carrier SoftBank lost 1.8 percent to finish at 7,261 yen.
But DeNA bucked the downward trend, jumping 3.7 percent to 1, 324 yen, as two of the company's mobile games topped a free Apple iOS application download chart as of this morning.
Trading volume on Tuesday rose to 1.83 billion shares on the Tokyo Exchange's First Section, up from Monday's volume of 1.56 billion shares, with declining issues outnumbering advancing ones by 1,102 to 577.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
Arab Today, arab today
Arab Today, arab today

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*

nikkei falls 059 as yens rise spurs profittaking nikkei falls 059 as yens rise spurs profittaking

 



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*

nikkei falls 059 as yens rise spurs profittaking nikkei falls 059 as yens rise spurs profittaking

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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