financetom
World
financetom
/
World
/
Japan's Nikkei ends lower on Trump's tariff pledge, stronger yen
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei ends lower on Trump's tariff pledge, stronger yen
Nov 26, 2024 11:08 PM

(Updates with closing levels)

TOKYO, Nov 27 (Reuters) - Japan's Nikkei share average

ended lower on Wednesday, with automakers leading the losses,

amid concerns about the impact of U.S. President-elect Donald

Trump's tariff pledges and a stronger yen.

The Nikkei fell 0.8% to close at 38,134.97 and the

broader Topix lost 0.9% to 2,665.34.

On Monday, Trump pledged to impose new tariffs on imports

from Canada, Mexico and China, which strategists said raised

concerns that Japanese products might face a similar move.

"Wall Street was strong overnight but the Nikkei futures

trading on the CME (Chicago Mercantile Exchange) fell, which

suggested weak sentiment of foreign investors," said Yusuke

Sakai, a senior trader at T&D Asset Management.

Wall Street stocks, led by S&P 500 and the Nasdaq, ended

higher on Tuesday, as technology stocks rebounded, while

investors digested Trump's tariff pledges and the latest minutes

from the Federal Reserve.

"And the stronger dragged sentiment lower," Sakai said.

The yen rose from safe-haven bids amid turmoil in

the Middle East, trading last up 0.57% at 152.235 per dollar.

Automakers fell, with Toyota Motor ( TM ) falling 3.62% to

drag the Topix the most. Nissan Motor ( NSANF ) and Honda Motor ( HMC )

fell 4.74% and 3.04%, respectively.

The automakers' index slipped 3.39% to become the

worst performer among the Tokyo Stock Exchange's 33 industry

sub-indexes.

Chip-testing equipment maker Advantest ( ADTTF ) fell 3.71%

to become the biggest drag on the Nikkei.

Sanrio ( SNROF ) tanked 14.42%, after the owner of 'Hello

Kitty' brand announced a sale of shares in the company.

Keisei Electric Railway ( KELRF ) rose 5% to become the top

gainer on the Nikkei, after the railway operator announced a

sale of shares in Oriental Land ( OLCLF ) worth 62 billion yen ($406.10

million).

Oriental Land ( OLCLF ), the operator of Tokyo Disneyland,

rose 3%.

Of more than 1,600 stocks on the TSE's prime market, 16%

rose and 82% fell, with 1% trading flat.

($1 = 152.6700 yen)

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 >
Inflation, Economic Outlooks Churn Asian Stock Markets
Inflation, Economic Outlooks Churn Asian Stock Markets
Sep 11, 2024
06:49 AM EDT, 09/10/2024 (MT Newswires) -- Asian stock markets churned Tuesday as traders awaited clarity on the US inflation front, and weighed a mixed trade report from Beijing. Hong Kong and Tokyo finished in the red, while Shanghai edged higher. Other regional exchanges were similarly mixed and muted. In Japan, the Nikkei 225 opened evenly, wobbled but finished down...
BMW cuts 2024 outlook on Continental brake issues, shares plunge
BMW cuts 2024 outlook on Continental brake issues, shares plunge
Sep 11, 2024
(Reuters) -BMW cut its 2024 profit margin outlook on Tuesday due to sluggish demand in its key Chinese market and problems related to a braking system supplied by Continental, sending the carmaker's shares to a near two-year low. Shares in BMW and Continental were both down around 9% on the news, making them the top decliners on Germany's benchmark DAX...
Inflation, Central Bank Outlooks Dull European Bourses Midday
Inflation, Central Bank Outlooks Dull European Bourses Midday
Sep 11, 2024
07:35 AM EDT, 09/10/2024 (MT Newswires) -- European bourses tracked modestly lower midday Tuesday as traders awaited the Thursday rate decision from the European Central Bank and the Wednesday inflation bulletin from Washington. Real estate and tech stocks led gainers, while oil shares lagged. Investors also eyed muted Wall Street futures, and mixed closes overnight on Asian exchanges. Germany's consumer...
Stocks Edge Down Pre-Bell Ahead of Latest Inflation Data; Asia Rises; Europe Churns
Stocks Edge Down Pre-Bell Ahead of Latest Inflation Data; Asia Rises; Europe Churns
Sep 11, 2024
07:17 AM EDT, 09/10/2024 (MT Newswires) -- US equity futures were pointing marginally lower before the open Tuesday as traders brace for the latest inflation data later in the week. Standard & Poor's 500 and the Dow Jones Industrial Average were each slightly in the red, while the Nasdaq decreased 0.1% in premarket activity. The majority of Asian exchanges were...
Copyright 2023-2025 - www.financetom.com All Rights Reserved