AIRLINK 61.85 Decreased By ▼ -0.63 (-1.01%)
BOP 5.34 Decreased By ▼ -0.02 (-0.37%)
CNERGY 4.47 Decreased By ▼ -0.11 (-2.4%)
DFML 15.30 Decreased By ▼ -0.20 (-1.29%)
DGKC 65.00 Decreased By ▼ -1.40 (-2.11%)
FCCL 17.20 Decreased By ▼ -0.39 (-2.22%)
FFBL 27.51 Decreased By ▼ -0.19 (-0.69%)
FFL 9.30 Increased By ▲ 0.03 (0.32%)
GGL 10.03 Decreased By ▼ -0.03 (-0.3%)
HBL 104.98 Decreased By ▼ -0.72 (-0.68%)
HUBC 121.35 Decreased By ▼ -0.95 (-0.78%)
HUMNL 6.54 Decreased By ▼ -0.06 (-0.91%)
KEL 4.42 Decreased By ▼ -0.08 (-1.78%)
KOSM 4.43 Decreased By ▼ -0.05 (-1.12%)
MLCF 35.39 Decreased By ▼ -0.81 (-2.24%)
OGDC 122.25 Decreased By ▼ -0.67 (-0.55%)
PAEL 22.70 Decreased By ▼ -0.30 (-1.3%)
PIAA 31.54 Increased By ▲ 2.20 (7.5%)
PIBTL 5.80 No Change ▼ 0.00 (0%)
PPL 107.00 Decreased By ▼ -0.50 (-0.47%)
PRL 27.10 Decreased By ▼ -0.15 (-0.55%)
PTC 18.06 Decreased By ▼ -0.01 (-0.06%)
SEARL 52.55 Decreased By ▼ -0.45 (-0.85%)
SNGP 62.75 Decreased By ▼ -0.46 (-0.73%)
SSGC 10.55 Decreased By ▼ -0.25 (-2.31%)
TELE 9.05 Decreased By ▼ -0.15 (-1.63%)
TPLP 11.40 Decreased By ▼ -0.04 (-0.35%)
TRG 69.98 Decreased By ▼ -0.88 (-1.24%)
UNITY 23.49 Decreased By ▼ -0.13 (-0.55%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
BR100 6,914 Decreased By -29.8 (-0.43%)
BR30 22,648 Decreased By -179.2 (-0.78%)
KSE100 66,919 Decreased By -223.5 (-0.33%)
KSE30 22,028 Decreased By -62.4 (-0.28%)

TOKYO: Tokyo's benchmark Nikkei index was down sharply on Thursday after Wall Street shares nosedived on fears for the global economy.

The Nikkei 225 index dropped 1.21 percent, or 249.48 points, to close at 20,405.65, while the broader Topix index lost 1.04 percent, or 15.65 points, to 1,483.85.

"Today's fall could not be avoided following such a huge drop in US shares," said Daiwa Securities chief technical analyst Eiji Kinouchi.

"The outlook for the global market is quite uncertain now," Kinouchi said.

US stocks plummeted Wednesday amid worsening economic fears after US Treasury yields briefly inverted, flashing a warning sign for a coming recession.

The Dow Jones Industrial Average suffered a loss of about 800 points -- its worst day of 2019.

"Worries over the US economic recession grew, while negative economic data for China and Germany also prompted investors to downgrade their views on the global economy," Mizuho Securities said.

The dollar fetched 105.91 yen in Asian afternoon trade, against 105.78 yen in New York.

Tokyo shares were down across the board, with Toyota down 0.84 percent at 6,795 yen, Nissan down 1.11 percent at 655.1 yen, and Sony off 1.30 percent at 5,838 yen.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed.