AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)
Markets

Tokyo stocks open lower on profit-taking

  • The benchmark Nikkei 225 index slipped 0.42 percent or 113.38 points to 26,704.56 in early trade, while the broader Topix index was down 0.19 percent or 3.39 points at 1,776.03.
Published December 10, 2020

TOKYO: Tokyo stocks opened lower on Thursday with investors locking in profits following falls on Wall Street as US lawmakers disagreed over a proposed stimulus package.

The benchmark Nikkei 225 index slipped 0.42 percent or 113.38 points to 26,704.56 in early trade, while the broader Topix index was down 0.19 percent or 3.39 points at 1,776.03.

"Japanese shares are dominated by sell orders on profit-taking as falls in US stocks are weighing on the market," said Yoshihiro Ito, senior strategist at Okasan Online Securities.

"Expectations are high that the US Congress will reach an early agreement on a stimulus," he said, but added that "US shares dropped as investors disliked uncertainty over negotiations on the economic relief package".

The dollar fetched 104.29 yen in early Asian trade, against 104.21 yen in New York late Wednesday.

In Tokyo, chip-linked shares were lower, with chip-testing equipment maker Advantest dropping 3.07 percent to 7,590 yen and chip-making equipment manufacturer Tokyo Electron down 2.07 percent to 36,400 yen.

Some high-tech shares were also lower, with Olympus slipping 0.91 percent to 2,229.5 yen and electronic components maker Murata Manufacturing down 2.73 percent at 8,720 yen.

Sony was down 0.81 percent at 9,792 yen after it announced it had agreed to buy US anime streaming giant Crunchyroll from AT&T for $1.17 billion.

On Wall Street, the Dow ended down 0.4 percent at 30,068.81.

Comments

Comments are closed.