financetom
World
financetom
/
World
/
Japan's Nikkei edges lower as strong yen weighs; Nvidia earnings in focus
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei edges lower as strong yen weighs; Nvidia earnings in focus
Aug 29, 2024 9:08 AM

TOKYO, Aug 28 (Reuters) - Japan's Nikkei share average

edged lower on Wednesday as a strengthening yen weighed on the

index's many exporters, while looming earnings from AI darling

Nvidia later in the day kept investors cautious.

The Nikkei was down 0.3% at 38,167.80 as of 0019

GMT, continuing its narrow fluctuations since mid-month anchored

around the psychological 38,000 mark.

Of the index's 225 components, 177 fell, 45 rose, while

three were trading flat.

The broader Topix slipped 0.3%.

The yen was little changed at 144.14 per dollar,

but strengthened as far as 143.45 at the start of the week from

149.305 on Aug. 15. A stronger yen reduces the value of overseas

sales, while also making stocks more expensive for overseas

investors.

Most automakers fell, with Nissan ( NSANF ) down 1.25% and

Mazda ( MZDAF ) sliding 1.52%.

However, Toyota Motor ( TM ) rose 2.29%.

Semiconductor-sector shares were mixed, with chip-testing

equipment maker and Nvidia supplier Advantest ( ADTTF ) rising

2.33% to be the Nikkei's biggest gainer by index points.

At the same time, chip-testing machinery giant Tokyo

Electron ( TOELF ) was the biggest drag on the index with a 1.79%

decline.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European shares retreat after Powell-induced rally, JDE Peet's soars
European shares retreat after Powell-induced rally, JDE Peet's soars
Aug 25, 2025
* JDE Peet's tops STOXX 600 * Puma jumps on report Pinault family weighing stake options * Orsted at a record low after US halts wind project (Updates after markets close) By Sruthi Shankar and Sukriti Gupta Aug 25 (Reuters) - European shares closed lower on Monday, giving back Friday's gains on optimism around U.S. monetary policy easing, while JDE...
European Equities Close Lower in Monday Trading; German Business Sentiment Ticks Higher
European Equities Close Lower in Monday Trading; German Business Sentiment Ticks Higher
Aug 25, 2025
12:05 PM EDT, 08/25/2025 (MT Newswires) -- European stock markets closed lower in Monday trading as The Stoxx Europe 600 was off 0.45%, Germany's DAX declined 0.42%, France's CAC tumbled 1.59%, and the Swiss Market Index dropped 0.48%, while the FTSE 100 was closed for a bank holiday. In Germany, sentiment among businesses edged up slightly in August, according to...
TSX Down Near 156 Points at Midday, Miners The Sole Gainer
TSX Down Near 156 Points at Midday, Miners The Sole Gainer
Aug 25, 2025
12:16 PM EDT, 08/25/2025 (MT Newswires) -- The Toronto Stock Exchange is down near 156 points with miners, up 0.8%, the sole gainer. The market finished at an all-time high on Friday. Canada's key release this week is second-quarter real GDP on Friday. BMO Economics in its morning note Monday included a preview, saying the economy likely contracted modestly due...
ETFs Hit 52-Week Highs As Investors Pour Billions Into Emerging Markets
ETFs Hit 52-Week Highs As Investors Pour Billions Into Emerging Markets
Aug 25, 2025
International and emerging-market ETFs that trade on U.S. exchanges reached new 52-week highs on Friday, encouraged by strong capital flows, attractive valuations, and increasing investor appetite in non-U.S. markets. See real-time price movements of BKEM here. Per Barchart: BNY Mellon Emerging Markets Equity ETF ( BKEM ) reached around $69.82 on Friday. Compare that to a low of around $52.26...
Copyright 2023-2026 - www.financetom.com All Rights Reserved