Jpanese stocks tumbled after China's export data

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Nikkei 225 tumbled for the first time in five days on Friday as disappointing quarterly results and weak China's export data weighted down on Japanese stocks. However, building expectations that the ECB and POBC will loosen monetary policy restricted the downswing. Nikkei 225 Index sank by 0.97% to end the week at 8,891.44. Nine out of ten industries in the index posted losses. The only gainer was oil and gas industry that rose by 1.12% despite lower oil prices. Sony edged up by 0.39%. The company plans to buy all shares of So-net Entertainment.  Inpex and JX Holdings advanced by 0.11% and 2.2%. On the downside were technology and telecommunication shares. Nikon and Yamaha retreated by 0.29% and 1.79% while KDDI and SoftBank moved lower by  1.63% and 1.57%. Canon slid by 2.35% on weakening Euro. Trend Micro plunged by 9.09% after the company reported lower earnings in Q2.

 

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