Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, August 21, 2018 06:18:09 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Tokyo stocks close lower ahead of Japan-US trade talks

By
10th-Aug-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Tokyo :
Tokyo stocks slipped Thursday, dragged by a stronger yen and caution ahead of Japan-US trade talks.
The benchmark Nikkei 225 index dropped 0.20 percent, or 45.92 points, to 22,598.39, while the broader Topix index lost 0.26 percent, or 4.55 points, to 1,740.16.
"After Wall Street ended mixed overnight, investors became wary of seeing a firmer yen in the morning. That meant the Nikkei opened under selling pressure," Okasan Online Securities chief strategist Yoshihiro Ito said in a commentary.
"Ahead of the Japan-US trade talks, a wait-and-see mood prevailed in the market," he said.
The Nikkei trimmed earlier losses once Chinese shares started moving into positive territory, he added.
The dollar sank to 110.71 yen in the morning. from 110.96 yen in New York Wednesday, before rebounding in the afternoon.
In the midst of a bitter trade spat with China, US Trade Representative Robert Lighthizer is to meet Japan's economic revitalisation minister Toshimitsu Motegi in Washington Thursday.
Japan is hoping to win concessions on threatened US auto tariffs, which pose a threat to the industry if implemented.
"Although concrete outcomes are not expected, we may still get a sense of how far apart or not the two nations are," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, said in a client note.
Automakers were lower, with Toyota down 1.01 percent at 6,990 yen.
Selling was particularly heavy for Suzuki Motor, along with Mazda and motorcycle maker Yamaha, after the government said the firms cheated on fuel-efficiency and emissions tests in the latest data-falsification scandal to hit Japanese companies.
Suzuki tumbled 6.04 percent to 6,944 yen and Mazda lost 1.30 percent to 1,327 yen. Yamaha Motor gave up 4.63 percent to 2,820 yen.
SoftBank Group fell 0.38 percent to 10,490 yen after Bloomberg News reported Tesla chief Elon Musk and SoftBank head Masayoshi Son held unsuccessful talks last year about the Japanese group investing in the US electric car maker.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Eid Mubarak


THE rituals of the annual congregation of Muslims in the holiest city Mecca to perform the religious obligatory have begun with devotion, piety, and cheer that ended into Eid-ul-Azha. The Eid comes to the life of 1.5 billion adherents of Islam when a majority of the followers are undergoing political ...

Sports »

Djokovic wins Cincy title to complete Masters matched set


AFP, Cincinnati :Novak Djokovic ended a career-long jinx, lifting the trophy in Cincinnati at last to complete a matched set of Masters 1000 titles.Djokovic, who came up empty in five prior Cincinnati finals, defeated seven-time winner Roger Federer 6-4, 6-4 in the final.The former world number one became the first ...

Entertainment »

Rawnak and Urmila in play ‘Boro Bol Chhoto Bol’ on Channel i at 7:50pm before Eid day


.

City »

Law enforcers seen to cheque documents of the motorized vehicles to ensure safe road. The snap was taken from in front of the city's Rajdhani Super Market on Monday.


.

International »

Indians begin massive cleanup as rains diminish in Kerala


Reuters, Kochi :Indian health authorities prepared defenses against the spread of disease in flood-hit Kerala state on Monday as water receded and a huge clean-up gathered pace after the worst floods in a century killed more than 200 people.Incessant rain since Aug. 8 in the southern state has swelled rivers ...

Editorial »

Growing violence in hills: No serious investigation into the killings


Seven people, including three leaders of United People's Democratic Front (UPDF), were killed and six others injured in two gun attacks in Khagrachhari town on Saturday. With these, 33 people have so far been killed in violence in Rangamati and Khagrachhari this year. The UPDF alleged that it was a ...

Football »

Messi, Coutinho get Barcelona off to winning start


AFP, Madrid :Two goals from Lionel Messi either side of a Philippe Coutinho strike allowed Barcelona to start their defence of the Spanish title with a 3-0 win over Alaves at the Camp Nou on Saturday night.Wearing the captain's armband following the departure of Andres Iniesta to Japan, Messi stepped ...

Entertainment »

I like to do something that challenges me: Jennifer Winget


Bepannaah actress Jennifer Winget likes to challenge herself with each of her projects. “I like to do something that challenges me. I like to do something different from my previous characters,” Jennifer told IANS. “I have been fortunate enough to be offered characters and projects that challenge me and that ...

City »

Dhaka South City Corporation (DSCC) Mayor Sayeed Khokon speaking at a gathering of cleaners on quick disposal of wastes of sacrificial animals yesterday.


.

International »

Russian President Putin steals the show at Austrian FM`s wedding


Reuters, Vienna :Russian President Vladimir Putin danced arm-in-arm with Austria's foreign minister Karin Kneissl at her wedding on Saturday, after receiving an invitation that opposition critics said undermined the West's stance against Moscow.Mr Putin arrived in a car carrying a bouquet of flowers and accompanied, local media said, by a ...

Editorial »

Sanctions by USA and European Union are welcome but more effective measures will be needed


IN the latest development, the US Treasury on Friday slapped sanctions on four Myanmar military and police commanders and two army units for involvement in "ethnic cleansing" and other human rights abuses against the country's Rohingya minority. In response to Myanmar's crackdown on the Rohingyas, the sanctions are so far ...

Sports »

Bolt arrives in Australia on football quest


Usain Bolt says he's deadly serious about becoming a professional footballer and plans to show the world what he's capable of after arriving in Australia Saturday for a trial stint with an A-League club.The superstar athlete has been given the chance to prove his worth by the Central Coast Mariners, ...

Entertainment »

Sonali Bendre`s son posts an emotional message


Family and close friends of Bollywood actress Sonali Bendre have come out as the biggest support in her journey of fighting cancer. The actress who has been diagnosed with high-grade cancer is undergoing her treatment in New York. Being a true fighter, Sonali has not shied away from sharing her ...

Entertainment »

Poet Shamsur Rahman's 12th death anniversary observed


Entertainment Desk : The 12th death anniversary of Shamsur Rahman, one of the major poets in modern Bengali literature, was observed on Friday in a befitting manner.Marking the anniversary, different socio-cultural organisations placed wreaths at the grave of the poet at Banani graveyard and arranged Doa Mahfil.Jatiya Kabita Parishad and Kabi ...

City »

BNP Vice-Chairman Advocate Khondkar Mahbub Hossain speaking at a discussion on 'Next National Election Under Interrogation Without Reform of Election Commission' organised by 'Chetona Bangladesh' at the Jatiya Press Club on Saturday.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news