• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Japan’s Nikkei loses early gains on Wall St’s recession fears

June 23, 2022
in Finance
Reading Time: 2 mins read
A A
0
Canada’s Aurora Cannabis to shut down a facility in Edmonton
0
SHARES
3
VIEWS
ShareShareShareShareShare

June 23 (Reuters) – Japanese stocks were flat in Thursday morning trading, reversing early gains made following an overnight session that saw Wall Street end down on the day as investors continued to worry over the possibility of a recession.

The Nikkei share average was down 0.01% at 26,146.71 at the break, continuing to trade above the psychological 26,000 mark after having dipped as low as 25,520.23 on Monday.

Of the Nikkei’s 225 components 106 made gains, while 112 lost value and seven were flat.

The broader TOPIX index gained 0.03% to 1853.18.

“When global markets are facing rate increases and recession, Japan is positioned differently,” said Shuji Hosoi, senior strategist at Daiwa Securities.

“The Bank of Japan decided to keep its monetary policy unchanged, and the economic activities have started picking up since the COVID-19 restrictions were lifted.”

But others had a murkier outlook.

“There is a strong sense of caution about an economic slowdown caused by tighter monetary policy in the U.S.,” said a market participant at a domestic securities company.

Toshiba shares gained 4.47% to 5,747 following a Reuters report overnight that bidders are preparing a takeover offer that would value the troubled conglomerate at 7,000 yen a share, or about $22 billion.

The Nikkei’s best-performing sector was utilities, up 1.12% overall. Basic materials firms dragged on the index, losing 2.3%.

Top Nikkei performers included travel firm Tokyu Corp , up 3.07%, Sumitomo Pharma Co Ltd, up 2.99%, and Tokio Marine Holdings Inc, up 2.53%.

Beverage manufacturers Sapporo Holdings Ltd and Kirin Holdings Co Ltd gained 2.12% and 1.97%, respectively.

The worst performing stock on the Nikkei was Sumitomo Metal Mining Co Ltd, losing 5.52%. (Reporting by Sam Byford; Editing by Shailesh Kuber)

Credit: Source link

ShareTweetSendPinShare
Previous Post

India will consider 28% additional tax on crypto sales next week

Next Post

5 Industries Feeling the Strain of Supply Chain Delays

Related Posts

Climate Impact X Selects Nasdaq Technology to Power New Global Carbon Exchange
Finance

Climate Impact X Selects Nasdaq Technology to Power New Global Carbon Exchange

June 29, 2022
5
Ball Announces Completion of Credit Facilities
Finance

Ball Announces Completion of Credit Facilities

June 29, 2022
7
RansomHouse extortion group claims AMD as its latest victim
Finance

RansomHouse extortion group claims AMD as its latest victim

June 29, 2022
4
Glassbeam strengthens Executive team naming Howard Sams to Strategic Advisory Board and Jay Soni as Chief Financial Officer
Finance

Glassbeam strengthens Executive team naming Howard Sams to Strategic Advisory Board and Jay Soni as Chief Financial Officer

June 28, 2022
11
Canada’s Aurora Cannabis to shut down a facility in Edmonton
Finance

How Russia was driven to default

June 28, 2022
7
Next Post
5 Areas of Production Significantly Affected by Supply Chain

5 Industries Feeling the Strain of Supply Chain Delays

Recommended

85% of Merchants Say Crypto Payments Will Be a Norm by 2026: Deloitte

50% of Latin American Consumers Have Experience Transacting Crypto: Mastercard

June 26, 2022
9
Bybit And KuCoin Penalized By Canadian Regulator

Bybit And KuCoin Penalized By Canadian Regulator

June 24, 2022
6
Nexo and Citigroup are in talks for strategic opportunities in crypto lending

Nexo and Citigroup are in talks for strategic opportunities in crypto lending

June 23, 2022
3
Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues

Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues

June 19, 2022
5
Grow a Print Reseller Network for your Wholesales Print Business

Grow a Print Reseller Network for your Wholesales Print Business

June 7, 2022
5
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • CAR’s President announces crypto-hub “Sango” launch date
  • Climate Impact X Selects Nasdaq Technology to Power New Global Carbon Exchange
  • ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?