tokyo stocks fall as investors opt to secure gains
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Tokyo stocks fall as investors opt to secure gains

Arab Today, arab today

Arab Today, arab today Tokyo stocks fall as investors opt to secure gains

Tokyo - XINHUA

Tokyo stocks lost ground Wednesday, with the benchmark Nikkei stock index losing 0.52 percent as investors looked to cash in on gains made following the market's rise yesterday on the Bank of Japan's move to bolster its loan support system. Local traders said that the yen's moves versus the U.S. dollar weren't enough to detract market players from locking in profits as jitters remained following worse-than-expected fourth quarter gross domestic product (GDP) data in Japan released at the beginning of the week and concerns that sluggish household spending may be further impacted by April's tax hike from 5 to 8 percent. Following Nikkei's biggest one-day gain Tuesday since August on the central bank's plans to stimulate borrowing, while holding off on fresh stimulus measures, it's natural that investors were looking to secure profits today, remarked one Tokyo-based equities strategist. Other analysts pointed to ongoing concerns about the health of the U.S. economy as creating a circumspect market mood and an unwillingness to chase issues higher, despite some stocks still deemed to be undervalued. Toshikazu Horiuchi, an equity strategist at IwaiCosmo Securities Co., said that "given the lackluster U.S. macroeconomic data, it has become difficult to evaluate U.S. economic strength." The 225-issue Nikkei Stock Average lost 76.71 points from Tuesday to close at 14,766.53, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange shed 5.48 points, or 0.45 percent, to finish the day at 1,218.52. With the yen climbing for the first time in three days against the U.S. dollar to the lower 102 level, exporters came under pressure, with Sony dropping 1.8 percent to 1,748 yen and rival Panasonic retreating 2.4 percent to close at 1,147 yen. Tire maker Bridgestone fell 4.3 percent to 3,637 yen, following worse-than-expected profit forecasts and Toyota, the world's largest automaker, skidded down 0.58 percent to close the day at 5, 910 yen. Trading volume on Wednesday dropped to 2.27 billion shares on the Tokyo Exchange's First Section, down from Tuesday's volume of 2.92 billion shares, with declining issues outnumbering advancing ones by 1,141 to 529.

arabstoday
arabstoday

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*

tokyo stocks fall as investors opt to secure gains tokyo stocks fall as investors opt to secure gains

 



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*

tokyo stocks fall as investors opt to secure gains tokyo stocks fall as investors opt to secure gains

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday