The Tokyo Stock Exchange lost 1.28% due to doubts about the US
The Tokyo Stock Exchange closed today with a 1.28% decline in the Nikkei, its main indicator. It resulted from the losses on Wall Street the day before due to the cooling of expectations about the economic recovery in the United States.
The Nikkei registered a decline of 362.39 points to 28,044.45 integers. At the same time, the broader Topix index, which groups the securities with the largest capitalization, ended the day with losses. The Tokyo Stock Price Index dropped by 12.5 points or 0,66%, up to 1,895.24 units.
The Tokyo stock market was influenced by the uncertainty that prevailed on Wall Street the day before. The technology sector experienced sales, and worse-than-expected housing market data withdrew the world’s leading economy from the prospects for the recovery.
Softbank sank by more than 2%
Among the securities with the highest capitalization in Tokyo, the technology giant Softbank lost 2.04%, and the leading Japanese vehicle manufacturer, Toyota Motor, decreased by 1.36%.
The textile multinational Fast Retailing, an owner of the clothing store chain Uniqlo, lost 3.12%. Meanwhile, the video game company Nintendo advanced 1.22%.
As for the stocks which ended the day positively, the advances of Lasertec, the electronic components manufacturer, stood out. It increased by 1.13%. On the other hand, the Sony technology conglomerate profited 0.96%. These gains saved the company from the generalized losses in the sector.
The sectors that experienced the most significant setbacks were paper, machinery, and glass and ceramics.
In the first section, 1,454 shares dropped. At the same time, 662 shares increased, and 78 of them ended the day without changes.
The trading volume amounted to 2.5 trillion yen (22,908 million dollars).
Korea and Hong Kong Stock Exchanges are not trading today
The Seoul Stock Exchange and the Hong Kong stock market do not operate today due to a holiday. The trading will resume tomorrow.
