Tokyo Markets End Lower – UrduPoint

Tokyo, July 1 (UrduPoint / Pakistan Point News – 1st Jul, 2022 ) :Tokyo shares ended decrease Friday, following falls on Wall Street with buyers spooked by a lacklustre rise in US shopper spending.

The benchmark Nikkei 225 index dropped 1.73 p.c, or 457.42 factors, to finish at 25,935.62 yen, whereas the broader Topix index ended down 1.38 p.c, or 25.78 factors, at 1,845.04.

The Dollar fetched 134.85 yen, towards the 135.75 Yen seen Thursday in New York.

Tokyo shares opened barely increased, rebounding from sharp falls the day gone by, however quickly fell into damaging territory.

“Investors were discouraged” by decrease-than-anticipated US shopper spending knowledge, Okasan Online Securities mentioned in a be aware.

Commerce Department knowledge confirmed spending rose simply 0.

2 p.c in May, lower than half the rise in April and a part of a gentle downward drift as customers pull again amid surging costs.

The Japanese market was additionally dragged down by sharp falls amongst semiconductor-associated shares, with Tokyo Electron, a serious producer of instruments to construct semiconductors, plunging 3.70 p.c to 42,660 yen.

Advantest, a serious producer of chip-testing instruments, slid 2.75 p.c to 7,060 yen.

The promote-off pattern prolonged to different main shares in Tokyo, with Uniqlo operator Fast Retailing plummeting 3.99 p.c to 68,240 yen.

Sony Group misplaced 2.56 p.c to 10,810 yen, whereas Nintendo slumped 2.24 p.c to 57,360 yen.

SoftBank Group trimmed early good points to lose 1.98 p.c to five,131 yen.

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