Shares from electric power, automobile, precision instruments, manufacturing and banking sectors are among the prominent losers.
The benchmark Nikkei 225 index is currently down 72.9 points or 0.7 percent at 10,059.2.
Tokyo Electric Power, down 6 percent, is the biggest loser in the Nikkei index. Yahoo Japan, Mitsubishi Paper, Komatsu, Japan Steel Work, Kansai Electric Power, Mizuho Securities, Sony Corp., Trend Micro and Fast Retailing are trading lower by 1.5 percent to 3.5 percent.
Chubu Electric Power, Denso, Oki Electric, Mitsubishi Corp., Bridgestone, Kobe Steel and Resona Holdings are also trading notably lower.
In the banking space, Mizuho Trust & Banking is down 2.7 percent. Chiba Bank, Bank of Yokohama, Mitsubishi UFJ Financial, Mizuho Financial and Shizuoka Bank are also trading weak. Among automobile stocks, Nissan Motor, Toyota Motor, Honda Motor, Mazda Motor and Suzuki Motor are down 0.8 to 1.5 percent.
Meanwhile, Mitsui Mining, Mitsubishi Engineering & Shipbuilding, Toyobo, NEC Corp., Furukawa, Nippon Paper and Mitsubishi Chemicals are trading in positive territory, gaining between 1 and 3 percent.
In the currency market july 25 2011 , the U.S. dollar traded at the mid-78 yen level in early deals in Tokyo. The yen is currently trading at 78.45 to the U.S. dollar.
Japanese stock market Closed july 25 2011
Japan's Nikkei average snapped three days of gains to end 0.8 percent lower, with export shares bearing the brunt of the selling due to the strengthening yen. The broader Topix index also closed down around 0.8 percent. Among export-linked shares, Honda Motor lost 1.6 percent, Toyota Motor fell 1.4 percent and Sony dropped 2.2 percent.
Komatsu fell 3.1 percent and Hitachi Construction Machinery declined 1.5 percent after U.S.-based Caterpillar, the world's biggest maker of construction and mining equipment, reported disappointing earnings for the second quarter. Yahoo Japan closed down 3.7 percent after reporting a 7.6 percent rise in April-June quarter net profit. Shares of Inpex closed unchanged after the nation's top oil and gas developer said it would sell a 30 percent stake in Indonesia's Abadi gas field in the Masela block of the Timor Sea to an affiliate of Royal Dutch Shell Plc
Related Post:
Japan Stocks
- Tokyo stock market Nikkei outlook next week october 22-26 2012
- Japanese stock futures Nikkei outlook may 8 2012
- Japan Stock Futures Drop may 7 2012
- Tokyo shares Nikkei outlook week april 2-6 2012
- Tokyo Stock market open down feb 24 2012
- Tokyo Stock Exchange open feb 21 2012
- japan stock Nikkei rose feb13 2012
- Japan stock futures Nikkei down feb 9 2012
- Nikon Corp stock forecast 2012
- Nippon Sheet Glass stock outlook feb 3 2012
No comments:
Post a Comment