AGL 5.95 Decreased By ▼ -0.13 (-2.14%)
ANL 9.26 Decreased By ▼ -0.14 (-1.49%)
AVN 80.82 Decreased By ▼ -0.64 (-0.79%)
BOP 5.20 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.86 Decreased By ▼ -0.04 (-0.82%)
EFERT 81.82 Increased By ▲ 0.27 (0.33%)
EPCL 53.94 Decreased By ▼ -0.06 (-0.11%)
FCCL 14.29 Decreased By ▼ -0.11 (-0.76%)
FFL 5.93 Decreased By ▼ -0.12 (-1.98%)
FLYNG 7.44 Decreased By ▼ -0.12 (-1.59%)
FNEL 4.95 Decreased By ▼ -0.05 (-1%)
GGGL 9.18 Decreased By ▼ -0.14 (-1.5%)
GGL 16.51 Decreased By ▼ -0.19 (-1.14%)
HUMNL 6.14 Increased By ▲ 0.45 (7.91%)
KEL 2.77 Decreased By ▼ -0.02 (-0.72%)
LOTCHEM 30.81 Increased By ▲ 0.26 (0.85%)
MLCF 27.45 Decreased By ▼ -0.34 (-1.22%)
OGDC 74.27 Increased By ▲ 0.27 (0.36%)
PAEL 15.98 Decreased By ▼ -0.21 (-1.3%)
PIBTL 5.21 Decreased By ▼ -0.02 (-0.38%)
PRL 17.01 Decreased By ▼ -0.28 (-1.62%)
SILK 1.10 Increased By ▲ 0.01 (0.92%)
TELE 10.00 Decreased By ▼ -0.04 (-0.4%)
TPL 7.65 Decreased By ▼ -0.05 (-0.65%)
TPLP 19.41 Decreased By ▼ -0.36 (-1.82%)
TREET 22.72 Decreased By ▼ -0.47 (-2.03%)
TRG 146.80 Decreased By ▼ -0.55 (-0.37%)
UNITY 17.09 Decreased By ▼ -0.10 (-0.58%)
WAVES 10.33 Decreased By ▼ -0.05 (-0.48%)
WTL 1.42 Decreased By ▼ -0.04 (-2.74%)
BR100 4,330 Increased By 3.4 (0.08%)
BR30 16,296 Increased By 46.9 (0.29%)
KSE100 42,904 Increased By 23.3 (0.05%)
KSE30 15,805 Decreased By -4.6 (-0.03%)
Follow us

TOKYO: Tokyo stocks closed lower Wednesday after falls in European markets and with fears growing over potential recessions.

The benchmark Nikkei 225 index ended down 1.20 percent, or 315.82 points, at 26,107.65, while the broader Topix index was down 1.23 percent, or 23.15 points, at 1,855.97.

The dollar fetched 135.06 yen, against 135.87 yen in New York on Tuesday.

A slumping euro and tumbling European stocks overnight meant sell-offs dominated in Tokyo soon after trading started.

Oil rises after sell-off but euro stuck at 20-year low, equities drop

“Investors grew alarmed by the possibility of a global economic downturn, with the tendency to refrain from buying becoming particularly acute among major stocks,” Okasan Online Securities said in a note.

Among other factors contributing to investor concerns are “sharply falling crude oil prices and a rapid shift toward a stronger yen in the foreign exchange market,” the brokerage added.

Among major shares in Tokyo, Shionogi was off 1.87 percent at 6,853 yen even as a report said its new pill to treat Covid-19 will be discussed for approval again by health ministry experts later this month.

Toyota plunged 2.76 percent at 2,058 yen, Sony Group plummeted 2.47 percent at 10,830 yen, and Uniqlo casual wear operator Fast Retailing tumbled 3.14 percent at 68,080 yen.

Telecoms firm KDDI was down 0.90 percent at 4,265 yen following a major technical glitch that dominated domestic headlines and affected millions of customers.

Comments

Comments are closed.

Tokyo stocks close lower

Turkish companies urged to make investments

Govt plans to deregulate POL products’ market by 2027

Rice import: PM thanks Azeri President for 5-year tax holiday

PM welcomes prospects of ECO’s outreach to CARs

Suspected consignments, delinquent staff: FBR endorses DGI&I Sost’s enforcement action

Tax reforms recommendations to FBR: Supertax has successful large businesses: PBC

Energy conservation: stern measures on the cards

Payments to Google: SBP rejects allegations

Amin urges Dar to ‘direct’ SBP to make payments

FBR widens probe into tax record leak of COAS, family