Tokyo stocks close lower with eyes on earnings

05/08/2020 11:34 AST

Tokyo stocks closed lower on Wednesday after two days of rallies, as investors sought to lock in profits while watching corporate earnings and key US data.

The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.

Analysts said that the market was dominated by sell orders but "the gap was narrowed thanks to gains by Hong Kong and Shanghai shares", Okasan Online Securities said in a commentary.

Investors are also keenly awaiting the US ISM non-manufacturers index due later in the day and key US jobs data this weekend, analysts added.


The Gulf Today

Most Viewed Companies

Ticker Price Volume

Global Major Indices

Index Closing Change
NIKKEI 225 21,857.43 -440.65 (-1.97%)
DAX 12,358.74 -65.61 (-0.52%)
S&P 500 2,821.93 -11.35 (-0.40%)

Recent News

World trade decline less than expected: WTO

06/08/2020

Global trade to fall 13% this year due to coronavirus shocks, significantly less than its most pessimistic scenario of a 32% slump, the World Trade Organization's (WTO) outgoing chief has said.
<

Trade Arabia

Egypt finances SME sector from its $6.2 billion support initiative

20/06/2020

Egypt has included small and medium-sized enterprises to its $6.2 billion financing initiative to help support the industrial, agricultural and construction sectors, local daily Al-Ahram online repor

Arab News

UK inflation hits four-year low on oil price fall, COVID impact

18/06/2020

British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up i

Gulf News

India's credit rating takes another hit, this one from Fitch

18/06/2020

India's credit score moved a step closer to junk after Fitch Ratings Ltd. cut the outlook to negative, citing weak economic growth prospects and rising public debt.

Fitch said it expects e

Gulf News

IEA outlines $3trn roadmap for energy sector recovery

18/06/2020

The International Energy Agency (IEA) has offered an energy sector roadmap for governments to spur economic growth, create millions of jobs and cut carbon emissions that would require global investme

Trade Arabia

logo

Market Information Trading Co.

(MITCO), P.O. Box 15570, Jeddah 21454, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2017, Market Information Trading Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap