Tokyo: Nikkei falls to more than 1-week low as stronger yen sours mood
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Japan's Nikkei share average fell on Thursday to its lowest in more than a week after a stronger yen soured sentiment.
Toyota Motor Corp underperformed after posting weak monthly sales in the United States.
Eyes were also on Japanese domestic corporate earnings, with Mitsubishi Heavy and Mitsubishi Electric falling 4.6 per cent and 4.8 per cent respectively in afternoon trade after their forecasts fell short of market expectations.
The Nikkei fell 1.2 per cent to 18,914.58, the lowest closing level since Jan 24.
The broader Topix shed 1.1 per cent to 1,510.41 and the JPX-Nikkei Index 400 declined 1.1 per cent to 13,550.30 points.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore