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

Japan Stocks fall on profit booking

Capital Market 

Japan share market finished session lower on Monday, 12 October 2020, as the yen's rise against the U. S. dollar dented sentiment and triggered profit-taking, with investors closely watching the US presidential election campaigns.

At closing bell, the 225-issue Nikkei Stock Average declined 61 points, or 0.26%, to 23,558.69.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 4.03 points, or 0.24%, to 1,643.35.

Total 21 issues of the 33 industry category of Topix index ended into red territory, with Rubber Products, Warehousing & Harbor Transportation Services, Marine Transportation, Glass & Ceramics Products, Transportation Equipment, Pulp & Paper, and Nonferrous Metals issues being notable losers, while Air Transportation, Fishery, Agriculture & Forestry, Information & Communication, Real Estate, and Services issues were notable gainers.

The major exporters were lower on a stronger yen. Mitsubishi Electric, Canon and Sony fell more than 1% each, while Panasonic was down almost 1%. In the tech space, Tokyo Electron was up 0.1%, while Advantest added 0.4%.

CURRENCY NEWS: The Japanese yen traded at 105.56 per dollar after strengthening from levels above 105.9 against the greenback last week.

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 12 2020. 14:14 IST