Japan's shares dropped as stong Yen weights on exporters

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

Japanese shares started the week on the negative note as solid Yen continued to pressurize exporters. Moreover, slower growth in China coupled with disagreements among the EU leaders regarding the next region's budge created pressure on the index. The Nikkei 225 Index shed 0.45% to close at 9,069.29. Only four in ten sectors within the index gained. The top-performers were telecommunication companies, with KDDI and Softbank climbing 2.96% and 0.95%. Sending the Japanese equity index lower, basic materials and technology firms tumbled 1.53% and 1.21%. Asahi Kasei, Dowa Holdings and Hokuetsu Kishu Paper slumped 0.48%, 1.83% and 0.25%, respectively. Among technology companies, Canon and Citizen Holdings dropped 3.86% and 1.88%. Automakers also moved lower after Bank of America Merrill Lynch stated that Japan's auto sales dropped about 60% in China's province of Guangdong since the beginning of anti-Japanese protests. Suzuki Motor, Toyota Motor and Mazda Motor dipped 0.48%, 1.56% and 4.04%, respectively.


Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
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.