TOKYO, Dec 01 (Business Times) –
Japan’s Nikkei share common drifted decrease on Friday (Dec 1) to submit its first weekly drop in 5, as tech shares slumped on elevated bond yields after financial information supplied extra clues that the US Federal Reserve may finish charge hikes.
Technology corporations are usually extremely leveraged, making them delicate to modifications in rates of interest.
The Nikkei ended the day 0.17 per cent decrease at 33,431.51, and misplaced 0.58 per cent this week.
The largest gainers of the session on the Nikkei 225 had been Mitsui Engineering & Shipbuilding (TYO:7003), which rose 5.34% or 29.00 factors to commerce at 572.00 on the shut. Seven & i Holdings Co., Ltd. (TYO:3382) added 5.31% or 292.00 factors to finish at 5,787.00 and Trend Micro Inc. (TYO:4704) was up 4.51% or 339.00 factors to 7,853.00 in late commerce.
Biggest losers included Rakuten Inc (TYO:4755), which misplaced 4.39% or 25.70 factors to commerce at 560.00 in late commerce. Taiyo Yuden Co., Ltd. (TYO:6976) declined 3.63% or 139.00 factors to finish at 3,695.00 and CyberAgent Inc (TYO:4751) shed 3.11% or 27.80 factors to 866.80.
Japan’s Nikkei posts first weekly drop in 5 as tech drags
Business Times – Dec 01
Japan’s Nikkei share common drifted decrease on Friday (Dec 1) to submit its first weekly drop in 5, as tech shares slumped on elevated bond yields after financial information supplied extra clues that the US Federal Reserve may finish charge hikes.
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