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Japan Nikkei extends losses

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Headline indices of the share market extended losses on Friday, 12 October 2018, following a slide on Wall Street overnight as jitters over rising yields and signs of slowing global growth prompted broad selling of risky assets. Among TSE 33 issues, 19 TSE issues declined and remaining 14 TSE issues inclined, with Insurance, Land Transportation, Electric Power & Gas, Real Estate, and Banks issues being notable losers, while Metal Products, Machinery, Information & Communication, and Electric Appliances issues were notable gainers. Around late afternoon trade, the 225-issue Nikkei index eased 18.49 points, or 0.08%, at 22,572.37. The broader index of all First Section issues on the Stock Exchange fell 2.43 points, or 0.14%, to 1,699.43.

Shares of export-related companies declined as yen hovered around the 112 yen line against greenback amid safe-haven appeal. and fell more than 1% each, while dropped almost 1%.

Shares of also added to the bearish sentiment, after Brent crude futures fell 3.4% on Thursday. Petroleum shed almost 5% and fell more than 1%.

NEWS: was hovered around the 112 yen line against greenback on Friday, amid safe haven demand after bitter Sino-U. S. trade war and worries over global growth sapped confidence.

The Japanese yen, which is a preferred intimes of market turbulence, traded at 112.28 on Friday.

OFFSHORE MARKET NEWS, US stock market tumbled for a second straight day on Thursday, rattled by rising interest rates, signs of a slowdown in the global and the US-trade dispute. The Dow Jones Industrial Average slumped 2.1% to 25,052.83, down 2.1% or 545 points. The broad-based also dropped 2.1% to 2,728.26, while the tech-rich Index fell 1.3% to 7,329.06.

European shares hit their lowest in more than 21 months on Thursday following a slide on Wall Street as jitters over rising yields and signs of slowing global growth prompted broad selling of risky assets. The German DAX Index slumped by 1.5%. The French Index and the U. K.'s Index both fell by 1.9%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 09:44 IST
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