Stocks: The morning session of the Nikkei average continued to decline due to weak U.S. stocks and a strong yen, responding to comments from Bank of Japan officials.
The morning session of the Nikkei average continued to decline due to weak U.S. stocks and a strong yen, responding to comments from Bank of Japan officials.
In the morning session of the Tokyo stock market, the Nikkei average fell by 130.17 yen to 36,917.44 yen compared to the previous trading day. This was due to the negative sentiment towards a weak dollar/yen trend and the previous day's decline in U.S. tech stocks. There were moments when the index briefly rose to the positive side as the Bank of Japan's deliberation committee member Takada's greeting began, but it fell back into negative territory and experienced volatile movements. The Tokyo Stock Price Index (TOPIX) closed in positive territory.
After opening 511 yen lower, the Nikkei average quickly hit a low of 36,359.23 yen, 688 yen lower. It then narrowed its losses, entered positive territory, and recovered the psychological milestone of 37,000 yen. When the remarks of deliberation committee member Takada were reported, saying, 'Given that significant fluctuations in the stock and foreign exchange markets occurred in the first half of August, it is necessary to monitor their trends and assess their impact for the time being,' the Nikkei average briefly rose to the positive side amid weakness in the dollar/yen, but was pushed back into negative territory amidst volatile exchange rates.
In the morning session of the Tokyo stock market, the Nikkei average fell by 130.17 yen to 36,917.44 yen compared to the previous trading day. This was due to the negative sentiment towards a weak dollar/yen trend and the previous day's decline in U.S. tech stocks. There were moments when the index briefly rose to the positive side as the Bank of Japan's deliberation committee member Takada's greeting began, but it fell back into negative territory and experienced volatile movements. The Tokyo Stock Price Index (TOPIX) closed in positive territory.
After opening 511 yen lower, the Nikkei average quickly hit a low of 36,359.23 yen, 688 yen lower. It then narrowed its losses, entered positive territory, and recovered the psychological milestone of 37,000 yen. When the remarks of deliberation committee member Takada were reported, saying, 'Given that significant fluctuations in the stock and foreign exchange markets occurred in the first half of August, it is necessary to monitor their trends and assess their impact for the time being,' the Nikkei average briefly rose to the positive side amid weakness in the dollar/yen, but was pushed back into negative territory amidst volatile exchange rates.
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