Japan Stocks end mixed

Headline shares of the Japan share market were mixed on Wednesday, 08 August 2018, as upbeat sentiment bolstered by the positive close of Wall Street overnight offset by fret about the next step in the trade tussles between the U.S. and China. Among TSE33 issues, 21 issues declined, while 12 issues inclined, with shares of Oil & Coal Products, Rubber Products, Foods, Construction, Glass & Ceramics Products, and Electric Power & Gas issues being notable losers, while Marine Transportation, Information & Communication, Pulp & Paper, and Machinery issues were notable gainers. At closing bell, the benchmark Nikkei 225 index advanced 0.04%, or 9.19 points, to 22,671.93. The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 0.05%, or 0.82 points, to 1,745.23.

ECONOMIC NEWS: Japan Posts Current Account Surplus Of Y1.175 Trillion In June -- Japan posted a current account surplus of 1.175 trillion yen in June, the Ministry of Finance said on Wednesday, down from 1.938 trillion yen in May. The trade balance reflected a surplus of 820.5 billion yen, following the 303.8 billion yen deficit in the previous month. The adjusted current account surplus was 1.762 trillion yen, down from 1.850 trillion yen a month earlier.

 

CURRENCY NEWS: The Japanese yen changed hands in the lower 111 yen zone against U.S. dollar on Tuesday. The dollar was quoted at 111.33-34 yen compared with 111.35-45 yen in New York and 111.26-27 yen on Monday in Tokyo.

OFFSHORE MARKET NEWS, US stock market closed higher on Tuesday. The Dow advanced 126.73 points or 0.5% to 25,628.91, the Nasdaq climbed 23.99 points or 0.3% to 7,883.66 and the S&P 500 rose 8.05 points or 0.3% to 2,858.45.

The major European markets ended higher on Tuesday. The German DAX Index rose by 0.4%. The French CAC 40 Index and the U.K.'s FTSE 100 Index advanced by 0.8% and 0.7%, respectively.

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