Tokyo Stocks Close Lower As Investors Look For Direction 16 January 2019
Fakhir Rizvi Published January 16, 2019 | 02:11 PM
Tokyo stocks closed lower on Wednesday as investors looked for direction, and the currency market remained stable during Asian trade after volatility for the British pound around a Brexit vote.
Tokyo, (UrduPoint / Pakistan Point News - 16th Jan, 2019 ) :Tokyo stocks closed lower on Wednesday as investors looked for direction, and the Currency market remained stable during Asian trade after volatility for the British pound around a Brexit vote.
The benchmark Nikkei 225 index slipped 0.55 percent, or 112.54 points, to end at 20,442.75 while the broader Topix index was down 0.32 percent, or 4.95 points, at 1,537.77.
Investors appeared to have factored in the defeat in Britain's parliament for Prime Minister Theresa May's Brexit deal, which was overwhelmingly rejected by lawmakers.
The pound changed hands at $1.2860 in Asian trade, against $1.2871 in New York, while the Dollar fetched 108.
45 Yen against 108.72 yen in New York and 108.69 yen in Tokyo on Tuesday.
"The pound is seeing some buyback as traders factored in the British parliamentary vote" against a Brexit deal, said Rikiya Takebe, senior strategist at Okasan Online Securities, in a note.
Okasan also said in a note that investors were in wait-and-see mode with trade lacking a sense of direction.
In Tokyo, Honda was off 0.27 percent to 3,210 yen while Toyota fell 0.69 percent to 6,844 yen. Nissan was up 0.28 percent to 906.3 yen.
Sony lost 1.67 percent to 5,356 yen and Hitachi dropped 2.62 percent to 3,489 yen.
TOYOTA MOTOR NISSAN MOTOR SONY
Related Topics
Recent Stories
'Charter of economy is the need of the hour': Asif
14 bodies found in Haiti capital suburb amid gang violence
Punjab Chief Minister Maryam Nawaz Sharif announces metro bus projects in three ..
PM, UAE ambassador discuss ties
FM, US ambassador agree to enhance ties
Bear injures five in latest Slovak attack
Families of two WASA workers to be compensated properly: Minister
Jam Kamal expresses concern over delay in work of Bela, Jhao roads
FM desires to strengthen Pak-China ties
Michelin unveils 62 newly starred French restaurants
US hopes Haiti transitional council ready 'as soon as' Monday
Excise dept introduces mobile vehicle registration service
More Stories From Business
-
Current economic challenges can be tackled: Pasha
8 hours ago -
SECP issues advertisements, call centre management guidelines for digital lenders
8 hours ago -
Wall Street stocks lifted by tech rebound before key rate decisions
8 hours ago -
Stock markets rise before key rate decisions
10 hours ago -
SBP keeps policy rate at 22 per cent with emphasis on continued fiscal consolidation
10 hours ago -
Wall Street stocks rise before key rate decisions
11 hours ago
-
Commerce Minister engages with sugar mills, ethanol manufacturers to overcome challenges
11 hours ago -
KATI for prioritizing industrial zones in development budget
13 hours ago -
China's employment situation generally stable in Jan-Feb
13 hours ago -
Gold rates decline by Rs.600 to Rs.226,900 per tola
14 hours ago -
PSX gains 74 points
14 hours ago -
SBP decides to maintain policy rate at 22 percent
14 hours ago