Japan Markets Edge Lower Ahead Of U.S. Presidential Election


Japanese stock markets traded slightly lower, ahead of the U.S. presidential election. The Nikkei 225 dropped 0.12 percent, or 20.71 points to 17,156.50, and the TOPIX declined 0.08 percent, or 1.1 points to 1,361.72.

SoftBank Group Corp (9984) reported upbeat operating profit for its second quarter.

The U.S. dollar was trading at 104.55 versus the Japanese yen, compared to 104.46 on Monday.

West Texas Intermediate for December delivery fell 0.11 percent to trade at $44.84 per barrel on the NYMEX, while Brent for December settlement gained 0.13 percent to $46.21 per barrel on the ICE Futures Europe exchange.

U.S. markets closed higher overnight, with the Dow climbing 2.08 percent to 18,259.60, and the NASDAQ surging 2.37 percent to 5,166.17.

Top market movers among the Japanese market are as follows:

  • Shares of Hitachi Zosen Fukui Corp (6163) climbed around 22 percent to 2,117.0 JPY.
  • Taihei Machinery Works Ltd (6342) shares rose around 21 percent to 245.0 JPY.
  • SCiNEX Corp (2376) shares increased over 18 percent to 981.0 JPY.

 

  • Transaction Co Ltd (7818) shares dropped around 13 percent to 1,560.0 JPY.
  • Obara Group Inc (6877) shares fell 13 percent to 3,925.0 JPY.
  • Cresco Ltd (4674) declined over 12 percent to 1,917.0 JPY.
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Posted In: NewsGlobalMarketsJapanese stock marketsNikkei 225
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