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 >
Russian rouble slides to 11-week low after rate cut, Trump ceasefire deadline
Russian rouble slides to 11-week low after rate cut, Trump ceasefire deadline
Jul 28, 2025
July 28 (Reuters) - Russia's rouble on Monday fell past the 81 mark to the dollar for the first time since May 12, reacting to a hefty interest rate cut last week and U.S. President Donald Trump shortening his deadline for Moscow to agree a ceasefire with Kyiv. Russian stocks also fell as Trump set a new deadline of 10...
Top Midday Stories: US, EU Reach Trade Deal; Tesla, Samsung Sign $16.5 Billion Chip Contract
Top Midday Stories: US, EU Reach Trade Deal; Tesla, Samsung Sign $16.5 Billion Chip Contract
Jul 28, 2025
11:48 AM EDT, 07/28/2025 (MT Newswires) -- All three major US stock indexes were slightly up in late-morning trading Monday as traders assessed media reports that the US and EU have reached a framework for a trade agreement. In a US-EU trade framework deal, the US plans to levy a 15% tariff on European goods imports, less than half of...
European Equities Traded in the US as American Depositary Receipts Decline in Monday Trading
European Equities Traded in the US as American Depositary Receipts Decline in Monday Trading
Jul 28, 2025
11:04 AM EDT, 07/28/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts opened the week lower late Monday morning, declining 0.78% to 1,489.58 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical company Cellectis ( CLLS ) and biotech firm Evaxion ( EVAX ) , which climbed 15.3%...
TSX Down 55 Points at Midday With Miners, Telecoms, The Biggest Decliners
TSX Down 55 Points at Midday With Miners, Telecoms, The Biggest Decliners
Jul 28, 2025
12:08 PM EDT, 07/28/2025 (MT Newswires) -- The Toronto Stock Exchange is down 55 points at midday with most sectors lower. The biggest decliners are miners and telecoms, both down 0.9%. Energy and healthcare are the biggest gainers, up 2% and 0.1%, respectively. BMO Economics in its morning note said equity markets rose last week, as a few more trade...
Copyright 2023-2026 - www.financetom.com All Rights Reserved