AGL 5.60 Decreased By ▼ -0.18 (-3.11%)
ANL 8.90 Increased By ▲ 0.02 (0.23%)
AVN 76.85 Decreased By ▼ -2.07 (-2.62%)
BOP 5.26 Decreased By ▼ -0.02 (-0.38%)
CNERGY 4.63 Decreased By ▼ -0.07 (-1.49%)
EFERT 81.27 Decreased By ▼ -0.33 (-0.4%)
EPCL 50.08 Decreased By ▼ -0.83 (-1.63%)
FCCL 13.16 Decreased By ▼ -0.22 (-1.64%)
FFL 5.69 Decreased By ▼ -0.03 (-0.52%)
FLYNG 7.07 Decreased By ▼ -0.08 (-1.12%)
FNEL 4.79 Decreased By ▼ -0.03 (-0.62%)
GGGL 8.80 Decreased By ▼ -0.10 (-1.12%)
GGL 14.55 Decreased By ▼ -1.33 (-8.38%)
HUMNL 5.69 Decreased By ▼ -0.08 (-1.39%)
KEL 2.63 Decreased By ▼ -0.03 (-1.13%)
LOTCHEM 28.60 Decreased By ▼ -0.45 (-1.55%)
MLCF 24.49 Decreased By ▼ -0.61 (-2.43%)
OGDC 72.43 Decreased By ▼ -0.02 (-0.03%)
PAEL 15.36 Increased By ▲ 0.01 (0.07%)
PIBTL 5.00 Decreased By ▼ -0.05 (-0.99%)
PRL 16.10 Decreased By ▼ -0.19 (-1.17%)
SILK 1.08 Decreased By ▼ -0.01 (-0.92%)
TELE 9.14 Decreased By ▼ -0.23 (-2.45%)
TPL 7.23 Decreased By ▼ -0.10 (-1.36%)
TPLP 18.61 Decreased By ▼ -0.34 (-1.79%)
TREET 21.68 Decreased By ▼ -0.32 (-1.45%)
TRG 136.71 Decreased By ▼ -4.44 (-3.15%)
UNITY 16.88 Decreased By ▼ -0.14 (-0.82%)
WAVES 9.86 Decreased By ▼ -0.04 (-0.4%)
WTL 1.41 No Change ▼ 0.00 (0%)
BR100 4,225 Decreased By -29.6 (-0.7%)
BR30 15,518 Decreased By -214.7 (-1.36%)
KSE100 42,150 Decreased By -243.4 (-0.57%)
KSE30 15,588 Decreased By -75.7 (-0.48%)
Markets

Tokyo stocks open lower extending US falls

  • The latest figure, which mostly reflects the depth of the plunge at the same time last year during a virus state of emergency, did not prompt strong market reaction.
Published June 4, 2021
Follow us

TOKYO: Tokyo stocks opened lower on Friday, with investors disheartened by falls on Wall Street and all eyes on US jobs data due later in the day.

The benchmark Nikkei 225 index was down 0.72 percent, or 210.35 points, at 28,847.76 in early trade, while the broader Topix index slipped 0.34 percent, or 6.59 points, to 1,952.11.

"Japanese shares are starting with falls following weak US shares, with investors tending to take a wait-and-see attitude ahead of the US jobs data," Toshiyuki Kanayama, senior market analyst at Monex, said in a note.

Tech shares led US equities lower as markets shrugged off a batch of strong economic data ahead of the official May jobs report.

The dollar fetched 110.27 yen in early Asian trade, against 110.24 yen in New York late Thursday.

In Tokyo, Panasonic was down 0.79 percent at 1,252 yen, Olympus was off 0.44 percent at 2,272.5 yen and Canon slipped 0.60 percent to 2,568.5 yen.

But Japan Steel rose 1.50 percent at 2,029.5 yen and Toyota was up 0.92 percent at 9,880 yen.

Japan's household spending soared 13.0 percent year-on-year in April, better than market expectations of 8.7 percent, according to data released by the internal affairs ministry before the opening bell.

The latest figure, which mostly reflects the depth of the plunge at the same time last year during a virus state of emergency, did not prompt strong market reaction.

Analysts have said Japan's path to economic recovery will depend on how it controls infections as the country battles a fourth coronavirus wave.

On Wall Street, the tech-rich Nasdaq fell 1.0 percent while the Dow Jones Industrial Average slipped 0.1 percent to close at 34,577.04 and the broad-based S&P shed 0.4 percent.

Comments

Comments are closed.

Tokyo stocks open lower extending US falls

IK says will dissolve assemblies ‘very soon’

Provinces’ power sector schemes: Rs8.11bn approved by ECC

Effective Nov 2022: Agri consumers of Discos, KE have to pay Rs23.30/unit

PTI Sindh MPAs hand in their resignation

Dues against consumer billing collection: KE seeks MoF’s help for release of over Rs4.5bn collected by Pakistan Post

COAS urged to disassociate himself from Bajwa’s ‘controversial’ actions

Public limited companies: Conditions for launching REITs schemes laid down

Income tax arrears: Nov collection up Rs2.33bn to Rs8.98bn YoY

Centcom chief, COAS discuss security cooperation

Asset-backed securitization rules: SPVs allowed to offer debt securities