Tokyo's Nikkei Index Opens Slightly Lower 18 October 2018
Rukhshan Mir (@rukhshanmir) Published October 18, 2018 | 10:54 AM
Tokyo's benchmark Nikkei index opened slightly lower on Thursday after falls on Wall Street, with a stable yen offering some support to exporters.
Tokyo, (UrduPoint / Pakistan Point News - 18th Oct, 2018 ) :Tokyo's benchmark Nikkei index opened slightly lower on Thursday after falls on Wall Street, with a stable Yen offering some support to exporters.
The Nikkei 225 index was down 0.12 percent or 26.70 points at 22,814.42 in early trade, while the broader Topix index was up 1.14 percent or 2.48 points at 1,716.35.
The Dollar fetched 112.63 yen in early Asian trade against 112.59 yen in New York.
The US Federal Reserve's minutes helped US yields edge up, creating a trend for the yen's decline which "will be a tailwind" for Japanese exporters, Okasan Online Securities said in a commentary.
The US Treasury's decision in a report on Wednesday to avoid calling China a Currency manipulator also offered investors some relief, analysts said.
In Tokyo, Takeda Pharmaceutical was up 0.88 percent at 4,702 yen and game giant Nintendo was up 0.48 percent at 39,960 yen while market heavyweight and Uniqlo casual wear operator Fast Retailing was down 0.79 percent at 56,180 yen.
In New York, the Dow ended down 0.4 percent at 25,706.68.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
9 hours ago -
US stocks rebound on tech earnings, London hits new record
9 hours ago -
US approves gene therapy treatment for hemophilia
9 hours ago -
KATI president for inclusion of agri sector in tax net
9 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
11 hours ago -
Police to take every step for security of business community: IGP
11 hours ago
-
WB director, Planning minister discuss reforms in development projects
11 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
12 hours ago -
FBR’s data protection efforts commended by OECD assessment team
12 hours ago -
US stocks rebound on tech earnings, London hits new record
13 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
13 hours ago -
SBP to announce monetary policy on April 29
13 hours ago