nikkei loses 170 pct on renewed debt fears in europe
Last Updated : GMT 12:29:28
Arab Today, arab today
Arab Today, arab today

Nikkei loses 1.70 pct on renewed debt fears in Europe

Arab Today, arab today

Arab Today, arab today Nikkei loses 1.70 pct on renewed debt fears in Europe

Tokyo - Xinhua

Tokyo stocks closed lower Tuesday, with the benchmark Nikkei stock index falling 1.70 percent on renewed concerns about Europe\'s debt woes as Greek Prime Minister George Papandreou asked the public to vote on whether Athens should accept the new deal agreed on by European leaders to bailout the debt-ridden nation. Local brokers said that shares in firms like Panasonic Corp. and Fanuc lost ground on an overall pessimistic market mood on Tuesday, specifically on fears that Europe is far from putting its debt issues behind it and that the pace of manufacturing in China may be slowing. Papandreou unexpectedly called a referendum on Monday to decide on the E.U. bailout deal for Greece. A snap election could result if the Greek public chooses to reject the deal. \"We trust citizens, we believe in their judgment, we believe in their decisions. In a few weeks the agreement will be a new loan contract we must spell out if we are accepting it or if we are rejecting it,\" Papandreou, who is dealing with Greek\'s worst financial crisis in 40 years, told ruling Socialist party leaders. Following Papandreou\'s announcement, the euro fell further against the U.S. dollar and analysts here said that the move may well derail resolutions agreed upon by European leaders to steer the region out of its crippling debt. \"Papandreou\'s comments poured cold water on agreements that Europe finally got into shape last week,\" said Ayako Sera, a strategist at Sumitomo Trust & Banking Co. \"The Greek Prime Minister is thrusting responsibility onto the public. That sparked a lot of risk-off moves in the market,\" she said. The 225-issue Nikkei Stock Average lost 152.87 points to close at 8,835.52, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 9.56 points, or 1.25 percent, to finish the day at 754.50. Also contributing to a lackluster market mood was mid-morning news that a key manufacturing gauge in China had dropped for the first time in three months and to its lowest level since 2009. China\'s Purchasing Managers\' Index (PMI) dropped to 50.4 percent in October after rising for two consecutive months, down 0. 8 percentage points from September, the China Federation of Logistics and Purchasing (CFLP) said Tuesday. The CFLP report said the decline indicated the country\'s economic growth might continue to slow in the fourth quarter. Subsequently, China-linked shares declined with industrial robotics manufacturer Fanuc falling 3.6 percent to 12,460 yen and Hitachi Construction Machinery losing 2.9 percent to finish at 1, 496 yen. Komatsu Ltd., meanwhile, lost 1.8 percent to 1,940 yen. Exporters also comprised today\'s notable decliners as they were pressured by currency fluctuations and worse-than-expected earnings reports and forecasts due to the yen\'s recent strength clouding profit outlooks. Honda Motor was flat at 2,406 yen, following the automaker posting July-September quarter earnings that missed market expectations and declining to report its yearly forecast. Panasonic plunged 5.1 percent to 768 yen after the consumer electronics maker forecast its biggest loss in 10 years, slumping TV business and plans to slash 17,000 jobs. Mitsubishi Corp. also closed in negative territory, falling 2.4 percent to 1,601 yen, after the trading house reported an 8 percent drop in operating profit and a yearly outlook that came in well below median expectations. Trading volume on Monday slipped to 1.46 billion shares on the Tokyo Exchange\'s First Section, down from Monday\'s volume of 1.77 billion shares, with declining issues outnumbering advancing ones by 1,095 to 429.

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 loses 170 pct on renewed debt fears in europe nikkei loses 170 pct on renewed debt fears in europe

 



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 loses 170 pct on renewed debt fears in europe nikkei loses 170 pct on renewed debt fears in europe

 



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 Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
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