![Tokyo shares down by break after rally fizzles](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1470306775.jpg)
Tokyo Shares Down By Break After Rally Fizzles
Rukhshan Mir (@rukhshanmir) Published August 04, 2016 | 03:32 PM
![Tokyo shares down by break after rally fizzles](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1470306775.jpg)
TOKYO,(UrduPoint / Pakistan Point News - 4th Augst,2016) - Tokyo shares dropped Thursday morning after a rally at the start of trade fizzled, with a stronger Yen hitting exporters. The decline came despite a positive lead from Wall Street, where the main indexes rose following a survey showing private US companies in July added slightly more jobs than expected. Tokyo investors were now awaiting the US government's official July employment report on Friday, analysts said. "We're in a wait-and-see mode ahead of the US jobs report," Mitsushige Akino, a Tokyo-based executive officer at Ichiyoshi Asset Management, told Bloomberg news. In forex markets, the Dollar edged lower to 100.98 yen from 101.25 yen Wednesday in New York, a negative for the profitability of Japan's exporters. By the break, the benchmark Nikkei 225 index slipped 0.
39 percent, or 62.96 points, to 16,020.15, after opening higher at the open. The broader Topix index of all first-section shares was down 0.24 percent, or 3.09 points, at 1,268.89. In share trading, factory robot maker Fanuc shed 0.59 percent to 16,615 yen, Honda was down 0.31 percent at 2,856 yen and mobile giant SoftBank, a market heavyweight, lost 1.58 percent to sit at 5,818 yen. Energy-linked shares bucked the downtrend on a sharp overnight rebound in crude prices, with explorer Inpex jumping 1.48 percent to 778 yen and oil refiner JX Holdings edging up 0.10 percent at 375.9 yen. ANA Holdings, the parent company of airline giant All Nippon Airways, soared 2.59 percent to 276.9 yen after leaving its annual profit and sales outlook unchanged despite a slump in its net profit for the April-June quarter.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
7 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
7 hours ago -
G20 seeks common ground on taxing super-rich
7 hours ago -
Stocks rise as inflation data boosts rate cut hopes
7 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
9 hours ago -
European medicines watchdog rejects new Alzheimer's drug
9 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
11 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
11 hours ago -
Russian central bank hikes key rate to fight inflation
11 hours ago -
SBP injects Rs9.545 trillion into market
11 hours ago -
PSX stays bearish, loses 439 points
12 hours ago -
US Fed's favored inflation measure cools further in June
12 hours ago