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 >
CANADA STOCKS-TSX climbs to six-week high as consumer-related stocks gain
CANADA STOCKS-TSX climbs to six-week high as consumer-related stocks gain
Jan 23, 2025
* TSX ends up 0.5% at 25,434.08 * Posts its eighth straight day of gains * Consumer-related stocks lead gains * Flash estimate shows jump in retail sales (Updates at market close) By Ragini Mathur and Fergal Smith Jan 23 (Reuters) - Canada's main stock index extended its recent winning streak on Thursday, led by gains for industrials and consumer-related...
MORNING BID ASIA-BOJ decides - 'dovish hike' incoming?
MORNING BID ASIA-BOJ decides - 'dovish hike' incoming?
Jan 23, 2025
Jan 24 (Reuters) - A look at the day ahead in Asian markets. Investors divert their focus away from Washington on Friday for the first time since President Donald Trump's inauguration on Monday, towards Tokyo and the Bank of Japan, which is widely expected to raise interest rates to a 17-year high of 0.5%. Assuming the BOJ does raise rates...
GLOBAL MARKETS-S&P hit record high, bond yields up as markets eye Trump's next move
GLOBAL MARKETS-S&P hit record high, bond yields up as markets eye Trump's next move
Jan 23, 2025
(Updates with US closing prices) * US stocks mixed, tech in focus * Dollar at two-week lows * Oil falls after Trump says he will ask Saudi Arabia to cut prices By Amanda Cooper and Koh Gui Qing LONDON/NEW YORK, Jan 23 (Reuters) - The S&P 500 hit a record high on Thursday after U.S. President Donald Trump said he...
S&P 500 Closes at Record High, Oil Falls as Traders Parse Trump Comments
S&P 500 Closes at Record High, Oil Falls as Traders Parse Trump Comments
Jan 23, 2025
04:36 PM EST, 01/23/2025 (MT Newswires) -- The S&P 500 closed at an all-time high Thursday, while oil fell as markets analyzed President Donald Trump's remarks on interest rates and oil prices. The S&P 500 rose 0.5% to 6,118.7, while the Dow Jones Industrial Average jumped 0.9% to 44,565.1. The Nasdaq Composite increased 0.2% to 20,053.7. All sectors closed higher,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved