Tokyo Stocks Open Lower On US Falls
Muhammad Irfan Published June 17, 2021 | 09:31 AM
Tokyo, (UrduPoint / Pakistan Point News - 17th Jun, 2021 ) :Tokyo stocks opened lower on Thursday as negative sentiment from falls on Wall Street overwhelmed support from a cheap Yen against the dollar.
The benchmark Nikkei 225 index was down 0.57 percent or 168.03 points at 29,122.98 in early trade, while the broader Topix index slipped 0.22 percent or 4.41 points to 1,971.45.
"Japanese shares are seen weighed down by falls on Wall Street" following the closely-watched US Federal Reserve meeting, Okasan Online Securities said in a note.
A cheaper yen against the dollar, however, is offering some support to the market, analysts added.
The Federal Reserve sent signals it was moving closer to tightening monetary policy while downplaying recent signs of inflation, a move that sent the Dollar up against some of its major peers.
The greenback fetched 110.78 yen in early Asian trade, against 110.64 yen in New York and 110.07 yen in Tokyo late Wednesday.
Among major shares in Tokyo, Sony was down 1.87 percent at 10,500 yen, Hitachi was off 0.75 percent at 6,204 yen, and chip-testing equipment maker Advantest dropped 2.72 percent to 10,000 yen.
However some blue-chip exporters were higher with Toyota rallying 0.44 percent to 10,220 yen, its smaller rival Mazda trading up 1.40 percent at 1,016 yen and Mitsubishi Heavy Industries up 1.46 percent at 3,407 yen.
On Wall Street, the Dow ended down 0.8 percent at 34,033.67.
Recent Stories
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
Pakistan, New Zealand to face off in 2nd T20I match at Rawalpindi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
Today Gold Rate in Pakistan 20 April 2024
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
More Stories From Business
-
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
5 hours ago -
Today Gold Rate in Pakistan 20 April 2024
6 hours ago -
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
16 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
16 hours ago -
BISP embraces E-procurement: launches inaugural tender
18 hours ago
-
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
18 hours ago -
China auto sector steps up Europe push with Spain plant
18 hours ago -
Condolence reference held in memory of FBR's officials
19 hours ago -
Health activists ring alarm bells over 10-stick cigarette pack
20 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
20 hours ago -
PSX turns bullish, gains 619 points
20 hours ago