modestly lower Japanese market | Nasdaq

(RTTNews) – The Japanese stock market is slightly lower on Wednesday, extending losses from the previous three sessions, with the benchmark Nikkei just above the 29,200 level, following negative signals from Wall Street overnight. , as a stronger yen weighs on investor sentiment.

The benchmark Nikkei 225 is down 84.81 points or 0.29% at 29,200.65, after hitting a low of 29,155.80 earlier. Japanese stocks closed noticeably lower on Tuesday.

The SoftBank group, heavyweight in the market, lost 4.5% and the operator Uniqlo Fast Retailing was stable. Among automakers, Honda lost more than 1%, while Toyota gained almost 1%.

In technology, Screen Holdings fell 0.2%, Tokyo Electron lost nearly 1% and Advantest fell nearly 2%.

In the banking sector, Sumitomo Mitsui Financial, Mizuho Financial and Mitsubishi UFJ Financial rose by 0.2 to 0.4% each.

Among the main exporters, Panasonic gained more than 1%, Mitsubishi Electric gained almost 2% and Canon gained 0.3%. Sony is flat.

Among the other big losers, Toho Zinc fell nearly 17%, DeNA fell more than 12%, Credit Saison fell nearly 10% and Yokohama Rubber lost more than 6%, while Mitsubishi Materials and Mitsui Mining & Smelting fell nearly 6% each. Kirin Holdings is down more than 5%, IHI down almost 5% and Pacific Metals down over 4%, while Keisei Electric Railway, Nippon Sheet Glass and Takara Holdings are down almost 4% each.

Conversely, Nexon soars over 14%, Nissan Motor jumps nearly 8%, NTT Data gains 6% and Tokyu gains nearly 4%, while Resona Holdings and Kawasaki Kisen Kaisha are close to 3% each. In the currency market, the US dollar is trading in the upper range of 112 yen on Wednesday.

On Wall Street, stocks lost ground in Tuesday’s session after trending higher in recent sessions. Major averages retreated from yesterday’s closing highs, although selling pressure remained relatively subdued.

Major averages climbed well past their worst levels of the day, but still closed in negative territory. The Dow Jones fell 112.24 points or 0.3% to 36,319.98, the Nasdaq slipped 95.81 points or 0.6% to 15,886.54 and the S&P 500 fell 16.45 points or 0.4% at 4,685.25.

The major European markets all also fell during the session. While Britain’s FTSE 100 index fell 0.4%, France’s CAC 40 index edged down 0.1% and Germany’s DAX index closed just below the unchanged line.

Crude oil futures traded sharply higher on Tuesday amid rising hopes for the outlook for energy demand after the United States lifted travel restrictions to several countries. West Texas Intermediate crude oil futures for December ended up $2.22 or 2.7% at $84.15 a barrel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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