Market Overview

Japan's Nikkei Down Over 700 Points Amid Trump Lead

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Japanese stock markets traded lower, as Donald Trump gained momentum towards a U.S. Presidential victory. The Nikkei 225 dropped 4.34 percent, or 745 points to 16,426.00, and the TOPIX declined 3.90 percent, or 53 points to 1,310.41.

The U.S. dollar tumbled 3.1 percent versus the Japanese yen to trade at 101.890 yen.

West Texas Intermediate for December delivery fell 3.22 percent to trade at $43.53 per barrel on the NYMEX, while Brent for December settlement dropped 2.61 percent to $44.84 per barrel on the ICE Futures Europe exchange.

U.S. markets closed higher overnight, with the Dow climbing 0.40 percent to 18,332.74, and the NASDAQ surging 0.53 percent to 5,193.49.

Top market movers among the Japanese market are as follows:

  • Shares of Will Group Inc (6089) climbed around 15 percent to 1,032.0 JPY.
  • Tokyo Keiki Inc (7721) shares rose around 15 percent to 203.0 JPY.
  • Ishikawa Seisakusho Ltd (6208) shares increased over 14 percent to 696.0 JPY.

 

  • Altech Co Ltd (9972) shares dropped around 20 percent to 220.0 JPY.
  • Digital Design Co Ltd (4764) shares fell 19 percent to 1,165.0 JPY.
  • Kanamic Network Co Ltd (3939) declined over 17 percent to 3,050.0 JPY.

Posted-In: Japanese stock markets Nikkei 225 U.S. Presidential ElectionsNews Global Markets

 

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