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 >
Global equity funds saw strong weekly inflows on early optimism, but trade jitters resurface
Global equity funds saw strong weekly inflows on early optimism, but trade jitters resurface
Mar 28, 2025
(Reuters) - Global equity funds attracted large inflows in the week through March 26 when equity markets initially rebounded on optimism that President Donald Trump's administration would apply tariffs more selectively rather than impose broad trade restrictions. Investors purchased global equity funds of a net $35.43 billion during the week following about $29.49 billion worth of net sales in the...
Asian Equities Traded in the US as American Depositary Receipts Drop Sharply in Friday Trading; Down 3.4% for Week
Asian Equities Traded in the US as American Depositary Receipts Drop Sharply in Friday Trading; Down 3.4% for Week
Mar 28, 2025
10:08 AM EDT, 03/28/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply lower Friday morning, falling 1.53% to 2,184.04 on the S&P Asia 50 ADR Index, which has shed 3.4% for the week. From North Asia, the gainers were led by biotech firm Zai Lab ( ZLAB ) and education company Four Seasons...
Nasdaq Down 100 Points; Federal Reserve's Favorite Inflation Gauge Increases More Than Expected
Nasdaq Down 100 Points; Federal Reserve's Favorite Inflation Gauge Increases More Than Expected
Mar 28, 2025
U.S. stocks traded lower this morning, with the Nasdaq Composite falling around 100 points on Friday. Following the market opening Friday, the Dow traded down 0.24% to 42,198.64 while the NASDAQ fell 0.57% to 17,701.94. The S&P 500 also fell, dropping, 0.36% to 5,672.68. Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock...
GRAPHIC-Global equity funds saw strong weekly inflows on early optimism, but trade jitters resurface
GRAPHIC-Global equity funds saw strong weekly inflows on early optimism, but trade jitters resurface
Mar 28, 2025
March 28 (Reuters) - Global equity funds attracted large inflows in the week through March 26 when equity markets initially rebounded on optimism that President Donald Trump's administration would apply tariffs more selectively rather than impose broad trade restrictions. Investors purchased global equity funds of a net $35.43 billion during the week following about $29.49 billion worth of net sales...
Copyright 2023-2025 - www.financetom.com All Rights Reserved