Tokyo stocks extend losses in morning on firm yen, geopolitical concerns

BY  | FROM  | 2017-07-05 14:48

Tokyo stocks extended losses Wednesday morning as a comparatively firm yen against the U.S. dollar coupled with geopolitical concerns following the Democratic People's Republic of Korea's (DPRK) launch of an intercontinental ballistic missile a day earlier, saw investors in a risk off mood.
The 225-issue Nikkei Stock Average dropped 103.56 points, or 0.52 percent, from Tuesday to 19,928.79.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 4.02 points, or 0.25 percent, to 1,605.68.
Real estate, mining and marine transportation-linked stocks comprised those that declined the most by the morning break.

    Related News

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting

      Reuters

    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...

      USA TODAY

    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
      school
    Chinese Dictionary: