Reuters | Sep 17, 2020 10:50
By Stanley White
TOKYO, Sept 17 (Reuters) - Japanese stocks fell on Thursday,
dragged lower by major exporters after the U.S. Federal
Reserve's dovish tone pushed the yen to a seven-week high
against the dollar.
The Nikkei 225 Index .N225 fell 0.68% to 23,316.75 by 0159
GMT, with consumer discretionary and industrial sectors leading
the decline. The broader Topix .TOPX fell 0.47% to 1,636.65.
The U.S. Federal Reserve on Wednesday vowed to keep interest
rates near zero until inflation is on track to overshoot the
U.S. central bank's 2% price target, pushing the yen JPY=EBS
to 104.80 per dollar, the strongest since July 31. The auto sector, which is a major exporter, fell due to the
yen's strength. Honda Motor 7267.T declined by 1.03%, Isuzu
Motors Ltd 7202.T lost 3.71%, and Nissan Motor Co 7201.T
Investors now eye the Bank of Japan's policy meeting
outcome. While the BOJ is not expected to change its
quantitative easing, participants will watch how the central
bank will cooperate with new Prime Minister Yoshihide Suga.
Among the top 30 core Topix names, convenience store Seven &
i Holdings Co Ltd 3382.T and electronics maker Keyence Corp
6861.T gained 0.75% and 0.42%, respectively.
East Japan Railway Co 9020.T , down 3.77%, and Central
Japan Railway Co 9022.T , which shed 3.08%, were among the top
There were 82 advancers on the Nikkei index against 141
The volume of shares traded on the Tokyo Stock Exchange's
main board .TOPX was 0.46 billion, compared with the average
of 1.13 billion in the past 30 days.
(Editing by Uttaresh.V)
Written By: Reuters
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.
Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.
More content, faster quotes and charts, and a smoother experience is available only on the App.