TOKYO: Japanese stocks took a rollercoaster ride early Monday, opening higher and then dropping to negative territory, only to recover its gains about half an hour into the session, with the Nikkei Average NIK, +0.65% up 0.2% but the Topix 0.2% lower. Still, the Tokyo market faced headwinds as the yen crept higher and industrial data disappointed. The dollar USDJPY, +0.09% edged modestly lower to ¥119.23, compared to ¥119.44 at the end of the previous stock session, causing some currency-sensitive blue chips to give ground. The situation wasn’t helped by industrial-production numbers released just before the open, showing output down 3.4%, significantly worse than the 1.8% drop forecast in separate Wall Street Journal and Reuters surveys. In the wake of all this, Sony Corp. 6758, +0.86% SNE, +0.90% and Honda Motor Co. 7267, +0.15% HMC, -0.27% fell 1.1% each, Toshiba Corp. 6502, -1.09% TOSYY, -0.75% lost 1%, Fanuc Corp. 6954, +1.03% FANUF, -0.11% dropped 1.3%, and Toyota Motor Corp. 7203, -0.54% TM, -0.50% weakened by 1.4%. Stock in Seiko Epson Corp. 6724, -3.70% SEKEY, -2.05% retreated 4%, the move coinciding with a Digitimes report citing unnamed company sources as saying the U.S. inkjet-printer market is expected to grow in value, but shipments overall are likely to decline this year. On the other hand, Panasonic Corp. 6752, -0.38% PCRFF, +0.38% added 1%, and while reasons for the advance weren’t immediately clear, the gain came as the Nikkei reported that Panasonic Healthcare planned to buy German drugmaker Bayer AG’s BAYRY, +0.91% blood-glucose-meter unit for about ¥100 billion ($830 million). Still, Panasonic Healthcare is only 20% owned by Panasonic Corp., with the rest having been sold to KKR & Co. LP KKR, +0.27% of the U.S. last year. Among other early gainers, drug maker Astellas Pharma Inc. 4503, +2.05% ALPMF, +1.02% and ad agency Dentsu Inc. 4324, +2.14% DNTUF, +8.98% improved by 2.1% each, Yamato Holdings Co. 9064, +1.15% YATRY, +2.94% advanced 3%, and Yahoo Japan Corp. 4689, +0.20% YAHOF, +3.68% added 2% after U.S. parent and minority owner
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...
