Investing.com - Financial Markets Worldwide
🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Japan stocks fall as U.S. stimulus hopes fade, yen firms

Published 10/15/2020, 10:27 AM
Updated 10/15/2020, 10:30 AM
JP225
-
TOPX
-
8766
-
9984
-
6861
-
6981
-

By Stanley White
TOKYO, Oct 15 (Reuters) - Japanese stocks fell on Thursday
as fading hopes for a new round of U.S. fiscal stimulus hit
sentiment, while a stronger yen weighed on exporters.
The Nikkei index .N225 fell 0.38% to 23,537.52 by 0204
GMT, with the telecommunications and healthcare sectors leading
the decline. The broader Topix .TOPX fell 0.39% to 1,637.44.
U.S. Treasury Secretary Steve Mnuchin said reaching a
compromise with the Democrats on a fiscal stimulus was unlikely
before elections on Nov. 3, raising concerns about the economic
outlook for an economy reeling from the impact of the COVID-19
pandemic. Stocks in Japan also weakened as the yen JPY=D3 edged
higher against the dollar, which tends to reduce overseas
earnings for the country's exporters.
The biggest underperformers among the top 30 core Topix
names were venture capitalist SoftBank Group Corp 9984.T down
1.95%, followed by electronic parts maker Keyence Corp 6861.T
losing 1.63%.
The stocks that gained the most among the Topix 30 were
insurer Tokio Marine Holdings Inc 8766.T up 1.05%, followed by
electronic parts maker Murata Manufacturing Co Ltd 6981.T
rising 1.28%.
There were 115 advancers on the Nikkei index against 102
decliners.
The volume of shares traded on the Tokyo Stock Exchange's
main board .TOPX was 0.33 billion, compared with the average
of 1.11 billion in the past 30 days.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.