Tokyo stocks end lower over profit-taking selling, firm yen

Xinhua
21 Nov 2023, 14:00 GMT+10

TOKYO, Nov. 21 (Xinhua) -- Tokyo stocks closed lower on Tuesday as cautious investors took profit-taking moves, while the strong yen dragged down the stock prices of exporters.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 33.89 points, or 0.1 percent, from Monday to close the day at 33,354.14.

The broader Topix index, meanwhile, finished 4.81 points, or 0.2 percent, lower at 2,367.79.

Market watchers here noted that profit-taking selling gradually prevailed again in Tokyo on Tuesday after the Nikkei index saw a 33-year high on the previous trading day, although market sentiment was supported by overnight gains in the U.S. stock market.

Export-related issues saw losses as a firm yen continued to weigh on the prospect of their export profits.

On the top-tier Prime Market, decliners were led by transportation equipment, wholesale trade and securities issues.

Issues that rose outpaced those that fell by 987 to 622, while 50 ended the day unchanged.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

null in null

Business

Section

Bitcoin soars to a record on Trump policies, institutional demand

NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...

Huawei eyes new buyers for AI chips amid U.S. export curbs

SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...

U.S. food prices at risk as Brazil tariff hits key imports

LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...

WK Kellogg sold to Ferrero as food giants chase shelf power

BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...

Filmmaker joins biotech effort to bring back extinct giant bird

WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...

India seeks WTO nod for retaliatory tariffs on US

NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...

Sectors - Broadcasting

Section