BR100 Increased By (2.94%)
BR30 Increased By (3.47%)
KSE100 Increased By (2.69%)
KSE30 Increased By (2.84%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

Tokyo: Tokyo stocks opened flat on Monday with worries over a US-China trade war partly offset by optimism about the US economy.

The benchmark Nikkei 225 index edged up just 0.20 points to 22,517.03 in early trade, while the broader Topix index was down 0.11 percent or 1.95 points at 1,742.88.

Falls in Japanese shares come after world stock markets mostly climbed Friday despite rising trade tensions, with the Dow snapping an eight-session losing streak, closing up 0.5 percent at 24,580.89.

On Monday, the dollar fetched 109.85 yen against 109.98 yen in New York later Friday.

"Concerns over a trade war have been weighing on the Japanese market, but we don't think the impact is grave enough to hit the US economy immediately," said Tsuyoshi Nomabuchi, a Daiwa Securities strategist.

"The biggest challenge for Japanese companies will be trade negotiations linked to the auto industry," he added.

"Falls in the Chinese market so far have had limited impact on the Japanese and US share prices, but this should be kept in mind as a potential risk."

In Tokyo, telecom giant SoftBank was down 1.14 percent to 8,301 yen and automaker Nissan was down 0.37 percent, while construction machinery giant Komatsu rose 1.76 percent to 3,167 yen and Hitachi gained 0.68 percent to 788.4 yen.

Copyright APP (Associated Press of Pakistan), 2018
 

Comments

Comments are closed for this article.