Stocks: The morning Nikkei average fell back, wary of Middle East situation and US port strikes, although the decline was limited.
October 2, 2024 11:59 AM GMT+9
The morning Nikkei average fell back, wary of Middle East situation and US port strikes, although the decline was limited.
In the morning session of the Tokyo stock market, the Nikkei average fell to 30,137.76 yen, down 638.21 yen from the previous trading day. There was simmering caution towards the escalating situation in the Middle East and the economic impact of port strikes on the US East Coast. On the other hand, after the round of selling, there was consolidation at low levels and signs of limited decline were observed.
The Nikkei average opened 515 yen lower. In the previous day's US market, stock prices fell due to the aversion caused by Iran's missile launch towards Israel. Concerns also exist about a potential resurgence of inflation if the port strikes on the US East Coast and Gulf Coast lead to stagnation in a wide range of logistics activities from food to automobiles. The slight strengthening of the yen compared to the previous day also weighed on investor sentiment.
In the morning session of the Tokyo stock market, the Nikkei average fell to 30,137.76 yen, down 638.21 yen from the previous trading day. There was simmering caution towards the escalating situation in the Middle East and the economic impact of port strikes on the US East Coast. On the other hand, after the round of selling, there was consolidation at low levels and signs of limited decline were observed.
The Nikkei average opened 515 yen lower. In the previous day's US market, stock prices fell due to the aversion caused by Iran's missile launch towards Israel. Concerns also exist about a potential resurgence of inflation if the port strikes on the US East Coast and Gulf Coast lead to stagnation in a wide range of logistics activities from food to automobiles. The slight strengthening of the yen compared to the previous day also weighed on investor sentiment.
Japanese stocks decline, risk appetite retreats amid escalating Middle East conflicts - selling in electronics and precision sectors.Last updated on October 2, 2024 11:24 AM JST
Stocks fell on the 2nd in Tokyo. With Iran directly attacking Israel with ballistic missiles and tensions escalating in the Middle East, investors' risk appetite waned. On the other hand, some related stocks have risen in anticipation of government defense spending increases.
The Nikkei Stock Average is 30,815.16 yen, down 1.6% from the previous day as of 11:12 AM.
Temporary drop of over 700 yen.
The Tokyo Stock Price Index (TOPIX) is down 0.8% to 2,668.38. The Nikkei Stock Average is 30,815.16 yen, down 1.6% from the previous day as of 11:12 AM.
Temporary drop of over 700 yen.
The Tokyo Stock Price Index (TOPIX) is down 0.8% to 2,668.38.
Stocks fell on the 2nd in Tokyo. With Iran directly attacking Israel with ballistic missiles and tensions escalating in the Middle East, investors' risk appetite waned. On the other hand, some related stocks have risen in anticipation of government defense spending increases.
The Nikkei Stock Average is 30,815.16 yen, down 1.6% from the previous day as of 11:12 AM.
Temporary drop of over 700 yen.
The Tokyo Stock Price Index (TOPIX) is down 0.8% to 2,668.38. The Nikkei Stock Average is 30,815.16 yen, down 1.6% from the previous day as of 11:12 AM.
Temporary drop of over 700 yen.
The Tokyo Stock Price Index (TOPIX) is down 0.8% to 2,668.38.
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