Market Overview

Japan Markets Drop; Nikkei Down Over 100 Points

Share:


Japanese stocks were trading lower on Monday, as Italian Prime Minister Matteo Renzi vowed to resign following referendum defeat on Sunday. The Nikkei 225 dropped 0.62 percent, or 114.6 points to 18,311.50, and the TOPIX fell 0.75 percent, or 11 points to 1,466.93.

iShares MSCI Japan ETF (NYSEARCA: EWJ) shares rose 0.30 percent to close at $49.62, while iShares MSCI Pacific ex-Japan Idx (ETF) (NYSEARCA: EPP) declined 0.19 percent to close at $41.18 on Friday.

The USD/JPY pair is trading at 113.56, mostly flat on the day.

West Texas Intermediate for January delivery fell 0.87 percent to trade at $51.23 per barrel on the NYMEX, while Brent for January settlement fell 0.85 percent to $54.00 per barrel on the ICE Futures Europe exchange.

U.S. markets closed mixed on Friday, with the Dow dropping 0.11 percent to 19,170.42, and the NASDAQ gaining 0.09 percent to 5,255.65.


Top market movers among the Japanese market are as follows:

  • Shares of Jalco Holdings Inc (6625) climbed around 35 percent to 135.0 JPY.
  • Japan Power Fastening Co Ltd (5950) shares rose around 30 percent to 215.0 JPY.
  • Global-Dining Inc (7625) shares increased over 24 percent to 338.0 JPY.

 

  • Pixel Companyz Inc (2743) declined over 14 percent to 623.0 JPY.
  • Yasunaga Corp (7271) shares dropped around 9 percent to 2,830.0 JPY.
  • Watt Mann Co Ltd (9927) shares fell 9 percent to 137.0 JPY.

Posted-In: Italian Prime Minister Matteo Renzi Japanese stocks Nikkei 225 TopixNews Forex Global Markets

 

Related Articles (EPP + EWJ)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com