Tokyo Shares Close Lower On Middle East Tensions
Sumaira FH Published April 15, 2024 | 12:30 PM
Tokyo, (APP - UrduPoint / Pakistan Point News - 15th Apr, 2024) Tokyo stocks closed lower Monday after Iran's unprecedented missile and drone strikes on Israel raised fears of wider conflict in the middle East.
The benchmark Nikkei 225 index fell 0.74 percent, or 290.75 points, to end at 39,232.80, while the broader Topix index gave up 0.23 percent, or 6.44 points, to 2,753.20.
The Yen stood at 153.79 per Dollar, its weakest rate in more than three decades, sliding from 153.24 yen in New York on Friday.
Geopolitical risks in the Middle East and lingering worries about inflation weighed on the market, analysts said.
"Risk-off moves became more dominant" after the Iranian attack, Daiwa Securities said.
But bargain hunters helped the market avoid a free-fall, IwaiCosmo Securities said.
The yen's fall continued to concern Japanese authorities, but comments from Finance Minister Shunichi Suzuki reiterating that the government is ready to take "all possible measures" failed to quell its decline.
Heavily weighted shares drove down Tokyo markets. Tokyo Electron lost 0.53 percent to 39,290 yen and Advantest fell 1.31 percent to 5,938 yen.
Tech investor SoftBank Group lost 1.92 percent to 8,322 yen, while Uniqlo-operator Fast Retailing dropped 1.28 percent to 41,620 yen.
Mitsubishi UFJ Financial Group fell 0.48 percent to 1,542.5 yen and Toyota ended flat at 3,767 yen.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 30 April 2024
Today Gold Rate in Pakistan 30 April 2024
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
Dutch Embassy celebrates King Willem-Alexander's birthday
Need of concrete steps stressed for safe, nutritious milk availability
Scotland's leader Yousaf quits after a year
Services of GDA Pakistan China Friendship Hospital launched
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Georgia ruling party stages mass rally to counter protests
Bayern ready for 'extraordinary' Bellingham, says Tuchel
PTI leaders get interim bail
More Stories From World
-
At least 25 dead in Peru after bus plunges into ravine
19 minutes ago -
New post-Brexit controls: a thorn for UK horticulture
19 minutes ago -
Microsoft CEO pledges $1.7 bn AI, cloud investment in Indonesia
20 minutes ago -
Children's shoes highlight Gaza's Khan Younis city exodus chaos: UN
40 minutes ago -
At least 25 dead in Peru after bus plunges into ravine
50 minutes ago -
Amazon Purr-rime: Cat accidentally shipped to online retailer
60 minutes ago
-
Tokyo stocks open higher with focus on yen
1 hour ago -
Lewandowski treble fires Barca to Valencia win
1 hour ago -
Vardy leads Leicester to Championship title
1 hour ago -
Occupiers using fake news to de-legitimize freedom struggles, including in Kashmir, Palestine: Pakis ..
2 hours ago -
Thunder seal Pelicans sweep to advance as Celtics on brink
2 hours ago -
Nadal keeps his clay dream alive as he battles past Cachin
3 hours ago