Tokyo stocks end lower as Yen strengthens, hurting exporters

Tokyo stocks end lower as strong Yen weighs on exporters

29 Nov, 2024 4:18 PM

Tokyo, Nov 29 (IANS) Tokyo stocks closed lower on Friday as a stronger Yen against the US dollar weighed on exporter issues.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 141.03 points, or 0.37 per cent, from Thursday at 38,208.03, Xinhua news agency reported.

The broader Topix index, meanwhile, finished 6.57 points, or 0.24 per cent, lower at 2,680.71.

The Yen soared to a one-month high in the upper 149 level against the US dollar Friday on speculation that the Bank of Japan would raise interest rates at its monetary policy meeting next month.

The benchmark Nikkei trimmed some losses in the afternoon on bargain-hunting, analysts said.

Courtesy Media Group: IANS

Disclaimer The information contained in this website is for general information purposes only. The information is provided by geo24news.com and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.