Tokyo stocks ended sharply down, the Nikkei lost 2.18%
Japanese stocks ended down sharply on Wednesday in the wake of Wall Street on concerns over exports, while the yen touched a new high of 15 years against the dollar.
Uncertainties about the health of European banks and the political situation in Japan have also weighed on the trend.
The Nikkei ended up retreating to 2.18% or 201.40 points to 9024.60 points, while the broader TOPIX, yielded 1.67%, and 13.93 points to 820.99 points.
The dollar touched 83.34 yen, a new low of 15 years, despite the renewed commitment of government to intervene on the foreign exchange market to halt the appreciation of the currency.
In this context, export values have declined.Sony has come a decline of 2.23%, Canon and Honda 2.09% 2.52%.
Many Japanese companies have assumed an exchange rate of 90 yen per dollar and a rate of 110-115 yen per euro for the fiscal year which ends in late March.
Published on 08 Sep 2010 in Uncategorized, business opportunity, calculation, success, tidings, by admin
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This entry was posted on Wednesday, September 8th, 2010 at 9:25 pm and is filed under Uncategorized, business opportunity, calculation, success, tidings. Follow the comments through the RSS 2.0 feed. Both comments and trackback are closed.