LOS ANGELES: Japanese stocks started sharply weaker on Monday morning, with European-exposed stocks seeing mostly strong losses as the euro tumbled following the projected Greek election victory of an anti-austerity party that lifted up worries about Greece remaining in the euro zone.
The Nikkei Average NIK, -0.66% was down 0.6% in early trades, though off an opening drop of 1.3%, while the Topix also lost 0.6%. The euro EURJPY, -0.31% fell to ¥131.66 from Friday’s ¥132.45 — though off an intraday low of ¥130.15 — while the dollar USDJPY, -0.08% bought ¥117.72, below its ¥118.05 level at Friday’s Tokyo stock close. Amid this forex environment, Nikon Corp. 7731, -1.75% NINOF, -3.85% fell 2.1%, Honda Motor Co. 7267, -1.98% HMC, -0.35% lost 2.2%, and Mazda Motor Corp. 7261, -4.06% MZDAF, +3.77% — among the most sensitive to the euro — dropped 3.9%. Losses for Toyota Motor Corp. 7203, -0.10% TM, -0.15% were more contained, with its shares down 0.4%, as a Nikkei news report said it would beat current guidance on its profit for the fiscal year ending in March. On the upside, Sony Corp. 6758, +0.37% SNE, +1.94% rose 0.7% even after saying Friday it would need to delay its quarterly earnings report — originally slated for Feb. 4 — due to the cyberattack on its Sony Pictures unit. Stock in Japan Display Inc. 6740, +0.26% rallied 3.3%, and while reasons for the move weren’t immediately apparent, the gain followed a Jiji News report that panel-maker Joled Inc. might seek business integration with Japan Display. December trade data out ahead of the market open, showing better-than-expected growth for exports, had little immediate impact on stocks.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
