You are here: Home » News-CM » International » Market Report
Business Standard

Japan Nikkei falls on profit booking

Capital Market 

Japan stock market finished session lower on Monday, 18 October 2021, as investors opted to book part profit after sizable gains in the previous two sessions on caution ahead of the corporate earnings and looming general elections. However, market losses capped on expectations that the Japanese government will issue fresh pandemic stimulus after the October 31 general election.

At closing bell, the 225-issue Nikkei Stock Average fell 43.17 points, or 0.15%, to 29,025.46.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange declined 4.70 points, or 0.23%, to 2,019.23. Trading volume turnover on the main section stood at 1.08 billion shares worth 2.53 trillion yen.

Total 18 of 33 industry groups ended lower along with the Topix, with worst performing issues were Pharmaceutical (down 1.6%), Fishery, Agriculture & Forestry (down 1.4%), Foods (down 1.37%), Services (down 1.25%), and Retail Trade (down 0.9%), while best performing sectors included Mining (up 5%), Oil & Coal Products (up 2.3%), Nonferrous Metals (up 2.3%), and Iron & Steel (up 2.1%).

CURRENCY NEWS: The dollar stood at 114.26 yen in Asian afternoon trade, slightly down from 114.28 yen in New York on Friday but up from the 112-yen level a week before.

Powered by Capital Market - Live News

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 18 2021. 16:14 IST