HONG KONG: Japan stocks declined on Wednesday, with the yen jumped against the US dollar, as crude oil prices continuously fell that eroded shareholders’ confidence.
The Nikkei Average NIK, -1.71% ended 1.7% lower, and the broader Topix I0000, +0.03% dropped 1.2%. The yen USDJPY, -0.77% , a traditional safe-haven currency, climbed against the dollar to ¥117.01, its highest level since October, compared with ¥117.84 late Tuesday in New York.
Oil futures kept falling, with light, sweet crude futures for delivery in February down to $45.81 in recent trade in the Globex electronic session in New York.
Meanwhile, overnight losses in the U.S. markets and a Nikkei news report saying the Bank of Japan was set to cut its inflation forecast also affected the sentiment.
In Japan, market movers included console maker Nintendo Co., Ltd. 7974, -4.32% , tumbling 4.3%, Sony Corporation 6758, -3.43% , down 3.4%, and oil refiner Showa Shell Sekiyu K.K. 5002, -2.75% , off 2.8%.
Other major Asian markets retreated broadly.
Sydney’s S&P/ASX 200 XJO, -0.95% declined 1%, both Hong Kong’s Hang Seng Index HSI, -0.43% and mainland China’s Shanghai Composite Index SHCOMP, -0.40% lost 0.4%, and Seoul’s Kospi Composite Index SEU, -0.18% finished 0.2% lower.
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...
