Japan Market dips as yen gains

The Japan share market declined for third straight session on Thursday, 07 July 2016, dragged down by yen appreciation against the US dollar. The yen climbed for a third day to near its highest since November 2013 after minutes from the Federal Reserve showed less urgency to tighten interest rates given the uncertainty over the global economic outlook, sapping demand for the dollar. Total 28 out of 33 TSE sectors declined, with Real Estate, Construction, Chemicals, Information & Communication, Nonferrous Metals, Retail Trade, and Mining issues being major losers while Electric Power & Gas issue was notable gainers. The 225-issue Nikkei Stock Average dropped 102.75 points, or 0.67%, to 15276.24. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.11 points, or 0.66%, to 1226.09.

Powered by Capital Market - Live News