Tokyo: Nikkei slips as yen rebounds, China trade data disappoints
[TOKYO] Japan's Nikkei share average gave up early gains and slipped on Thursday as the yen clawed back ground it had lost to the US dollar, with sentiment further undercut by China's weak trade numbers.
Chinese exports in September dropped by a sharper-than-expected 10 per cent from a year earlier.
The US dollar skidded 0.4 per cent to 103.73 yen, moving away from its Wednesday high of 104.49 yen, which was its highest level since late July.
The Nikkei slipped 0.4 per cent to end at 16,774.24, moving away from last Friday's five-week highs.
The broader Topix finished flat at 1,342.31.
The JPX-Nikkei Index 400 edged down 0.1 per cent to 12,007.59.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Morgan Stanley strategists see inflation as key for path of US stocks
US dollar soft on renewed Fed rate cut bets; yen on back foot
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%