Slightly lower Japanese market | Nasdaq
(RTTNews) – The Japanese stock market was slightly lower on Wednesday, extending the losses of the previous three sessions, with the Nikkei benchmark sitting just above the 29,200 level, following negative signals from Wall Street overnight , while a stronger yen weakens investor sentiment.
The benchmark Nikkei 225 is down 84.81 points or 0.29% to 29,200.65, after hitting a low of 29,155.80 earlier. Japanese stocks closed significantly lower on Tuesday.
Market heavyweight SoftBank Group loses 4.5% and operator Uniqlo Fast Retailing is flat. Among automakers, Honda lost more than 1%, while Toyota gained almost 1%.
In the tech space, Screen Holdings is down 0.2%, Tokyo Electron is down nearly 1% and Advantest is down nearly 2%.
In the banking sector, Sumitomo Mitsui Financial, Mizuho Financial and Mitsubishi UFJ Financial rose 0.2% to 0.4% each.
Among the main exporters, Panasonic gained more than 1%, Mitsubishi Electric gained almost 2% and Canon grew slightly by 0.3%. Sony is flat.
Among the other big losers, Toho Zinc plunges nearly 17%, DeNA is down more than 12%, Credit Saison is down almost 10% and Yokohama Rubber is down more than 6%, while Mitsubishi Materials and Mitsui Mining & Smelting are down by almost 6 percent each. Kirin Holdings is down more than 5%, IHI nearly 5% and Pacific Metals more than 4%, while Keisei Electric Railway, Nippon Sheet Glass and Takara Holdings are down almost 4% each.
Conversely, Nexon skyrockets over 14%, Nissan engine grows nearly 8%, NTT Data gains 6% and Tokyu gains nearly 4%, while Resona Holdings and Kawasaki Kisen Kaisha are close to 3 % each. In the currency market, the US dollar is trading in the upper range of 112 yen on Wednesday.
On Wall Street, stocks lost ground in Tuesday’s session after trending upward in recent sessions. Major averages retreated from yesterday’s record close highs, although selling pressure remained relatively subdued.
Major averages came out of their worst levels of the day well but still closed in negative territory. The Dow Jones fell 112.24 points or 0.3% to 36,319.98, the Nasdaq slipped 95.81 points or 0.6% to 15,886.54 and the S&P 500 lost 16.45 points or 0.4% to 4,685.25.
Major European markets also all fell during the session. While the UK FTSE 100 index fell 0.4%, the French CAC 40 index edged down 0.1% and the German DAX index closed just below the line unchanged.
Crude oil futures stabilized sharply higher on Tuesday amid growing hope over the outlook for energy demand after the United States lifted travel restrictions in several countries. West Texas Intermediate crude oil futures for December ended $ 2.22 or 2.7% at $ 84.15 a barrel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.