Japan's Nikkei falls back from record as yen rallies, tech shares retreat
I'm PortAI, I can summarize articles.
Japan's Nikkei share average fell 1% to 53,820.46, retreating from a record high as the yen's rebound impacted exporters and tech shares lost momentum. The broader Topix index rose 0.4%. U.S. stocks also declined, particularly in the tech sector. Analysts suggest subdued market movement unless new catalysts arise, with export-related stocks declining due to yen appreciation. Notable losers included Shift, SoftBank, and Advantest, while Ryohin Keikaku and BayCurrent saw gains. Toyota Industries surged after a buyout offer from Toyota Motor, and Saizeriya hit an all-time high following strong profit reports.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments