Japanese stocks mixed on shippers climb, railways drop
August 27, 2014 6:53 am
Japanese stocks swung between gains and losses as shippers shares bolstered the benchmark index while the slump in railways shares dragged it down.
The Topix index shed 0.2% to 1,282.83, 12:39 pm, Tokyo time. The index had an intraday high of 0.5% early in the trade with approximately an even amount of shares falling and rising. The Nikkei 225 Stock Average shed 0.2% to 15,488.64. Japanese yen is strengthening adding 0.1% to match the dollar at 103.98 per 1 dollar following a seven-day slump.
Inpex Corp. and Kawasaki Kisen Kaisha lifted the bourse up by rising 0.9% and 3.7% respectively. Meanwhile, railway shares dragged the index down and paced the 33 sectors of the Topix to decline.
Market strategist at Sumitomo Mitsui Trust Bank Ltd., Ayako Sera, commented to Bloomberg that the following the Japanese shares plummet in the current month, it is good that the market sharply recovered, however, there is a sense of overheating and profit-taking that’s why basically nothing has changed that much with the US economy still continuing it’d rebound.
The material has been provided by InstaForex Company – www.instaforex.com
Japanese stocks swung between gains and losses as shippers shares bolstered the benchmark index while the slump in railways shares dragged it down.
The Topix index shed 0.2% to 1,282.83, 12:39 pm, Tokyo time. The index had an intraday high of 0.5% early in the trade with approximately an even amount of shares falling and rising. The Nikkei 225 Stock Average shed 0.2% to 15,488.64. Japanese yen is strengthening adding 0.1% to match the dollar at 103.98 per 1 dollar following a seven-day slump.
Inpex Corp. and Kawasaki Kisen Kaisha lifted the bourse up by rising 0.9% and 3.7% respectively. Meanwhile, railway shares dragged the index down and paced the 33 sectors of the Topix to decline.
Market strategist at Sumitomo Mitsui Trust Bank Ltd., Ayako Sera, commented to Bloomberg that the following the Japanese shares plummet in the current month, it is good that the market sharply recovered, however, there is a sense of overheating and profit-taking that’s why basically nothing has changed that much with the US economy still continuing it’d rebound.
The material has been provided by InstaForex Company – www.instaforex.com
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