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 >
French bond yields steady as snap election worries ease, new PM awaited
French bond yields steady as snap election worries ease, new PM awaited
Oct 9, 2025
* French bonds steady on optimism of avoiding snap election * Macron to name new PM by Friday evening * France-Germany bond yield spread remains elevated (Updates for European morning trading) By Samuel Indyk LONDON, Oct 9 (Reuters) - French bonds on Thursday held on to gains from the day before on optimism the country can avoid a snap election...
GLOBAL MARKETS-European stocks fall after recent record highs, gold holds above $4,000
GLOBAL MARKETS-European stocks fall after recent record highs, gold holds above $4,000
Oct 9, 2025
* European stocks lower, driven by banks * French bonds hold on to Wednesday's gains * JPMorgan ( JPM ) CEO warns of market risks (Updates throughout after European market open) By Elizabeth Howcroft PARIS, Oct 9 (Reuters) - European stocks opened lower on Thursday, in a move driven by banking shares, while investors weighed up the risk of a...
EMERGING MARKETS-Polish zloty slips after unexpected rate cut, broader EM FX down
EMERGING MARKETS-Polish zloty slips after unexpected rate cut, broader EM FX down
Oct 9, 2025
* EM stocks up 0.2%, FX down 0.17% * Polish central bank delivers a surprise quarter point cut * Romania's cenbank leaves interest rates unchanged * Israeli dollar bonds rally on Gaza ceasefire By Nikhil Sharma Oct 9 (Reuters) - Emerging Market currencies came under pressure on Thursday, with the Polish zloty slipping after the central bank's surprise rate cut...
MORNING BID AMERICAS-Stocks pause as bubble warnings mount
MORNING BID AMERICAS-Stocks pause as bubble warnings mount
Oct 9, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) By Mike Dolan LONDON, 9 Oct (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stocks and gold paused their latest steep rally on Thursday as a series of warnings about excessive stock valuations and overly loose policy...
Copyright 2023-2025 - www.financetom.com All Rights Reserved