国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Tokyo stocks close lower as strong yen weighs on exporters, earnings outooks

Source: Xinhua| 2018-01-25 17:05:31|Editor: ZD
Video PlayerClose

TOKYO, Jan. 25 (Xinhua) -- Tokyo stocks closed lower Thursday as the strength of the yen against the U.S. dollar weighed on exporter issues and prompted concerns about corporate earnings and outlooks here.

The 225-issue Nikkei Stock Average dropped 271.29 points, or 1.13 percent, from Wednesday to close the day at 23,669.49, marking its lowest closing level since Jan. 12.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 16.67 points, or 0.88 percent, to finish at 1,884.56.

Market strategists here said the yen's rise against the U.S. dollar following U.S. Treasury Secretary Steven Mnuchin declaring a weaker U.S. dollar would be better for the nation's trade weighed heavily on exporter issues here.

The U.S. dollar dropped below the 110 line at one point during trading hours following Mnuchin's remarks Wednesday, this compared to many Japanese companies' pegging their outlooks this fiscal year at the U.S. dollar averaging 110.18 yen.

Firms with a sizable exposure to overseas markets suffer when the yen rises against other major currencies as profits are eroded when repatriated and earnings outlooks become murky.

The firm yen on Thursday also led to some investors opting to take profits on issues that had gained recently, local brokers said, amid a cautious stance on future currency moves pertaining to the possibility of global trade issues.

Along with exporters, retailers also lost ground on concerns the strength of the yen could negatively influence tourist foot flow to Japan and their spending.

By the close of play, air transportation, electric appliance and machinery-linked issues comprised those that declined the most, and falling issues beat rising ones by 1,519 to 462 on the First Section, with 82 ending the day unchanged.

On the main section on Thursday, 1,563.33 million shares changed hands, rising from Wednesday's volume of 1,523.56 million shares.

The turnover on the penultimate trading day of the week came to 2,962.6 billion yen (27.16 billion U.S. dollars).

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369243511
主站蜘蛛池模板: 陵川县| 申扎县| 全州县| 霍山县| 福建省| 衡阳县| 平乡县| 壶关县| 微山县| 措勤县| 永仁县| 廉江市| 磐安县| 黎川县| 三穗县| 泰宁县| 屏东市| 承德市| 克山县| 安阳市| 项城市| 龙南县| 武乡县| 梅州市| 陆丰市| 福海县| 文山县| 沁源县| 吉林省| 葫芦岛市| 齐齐哈尔市| 永新县| 福建省| 龙门县| 延寿县| 商南县| 海门市| 科技| 河池市| 西城区| 通海县|