TOKYO, Nov. 29 (Xinhua) — Tokyo shares closed decrease on Wednesday, as exporter points had been offered on the again of a stronger yen towards the U.S. dollar.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 87.17 factors, or 0.26 %, from Tuesday at 33,321.22.
Meanwhile, the broader Topix index completed 12.21 factors, or 0.51 %, decrease at 2,364.50.
Dealers right here stated the U.S. dollar weakened to the higher 146 yen vary in Tokyo, its lowest stage since September, earlier than bouncing again over the 147 yen line as merchants offered the forex on prospects of a narrower rate of interest differential between Japan and the United States.
The yen’s weak point lifted earnings and projections for a lot of Japanese firms within the half-yearly earnings stories season, which simply ended, analysts stated.
Among exporters, Mazda Motor slipped 39.0 yen, or 2.4 %, to 1,582.5 yen, and Nissan Motor dropped 13.2 yen, or 2.3 %, to 573.1 yen.