Japanese stocks tumbled after BoJ decision

Source: Dukascopy Bank SA

Nikkei 225 posted the largest decline in more than a month on Wednesday after BoJ refrained from additional easing measures. FOMC minutes also added pressure on the Japanese stocks. Fed did not announce extension of asset-purchasing policy despite faltering US economy. Meanwhile, high-tech equities remained weak after Tuesday's profit warnings from the US. Sharp and Panasonic tumbled 7% and 4.5%. Industry stocks also declined. Asahi Glass dropped 6.6%, attaining three-year low after the company reduced its profit estimates amid poor demand from indebted Eurozone.  Shionogi & Co, drug producer, moved up 4.5% after its newly developed medicine proved to be more effective than competitor's one.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.