Tokyo Stock Exchange ends the week in decline

Tokyo Stock Exchange ends the week in decline

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The Tokyo Stock Exchange ended in decline on Friday, penalized by a further decline in Wall Street the day before, linked to the trampling of discussions on the US stimulus plan and growing health concerns, but also pending corporate results .

The flagship Nikkei index lost 0.41% to 23,410.63 points on the session. Over the past week as a whole, it fell 0.9%. The broad Topix index lost 0.86% to 1,617.69 points on Friday.

Although it limited the damage, the New York Stock Exchange also ended Thursday down slightly, worried about the sharp resurgence of the coronavirus in Europe and without much hope of an American stimulus plan before the presidential election of November 3.

Investors in Tokyo have also been cautious “before the quarterly earnings season for Japanese companies is in full swing,” Mizuho Securities commented in a note.

The yen appreciated slightly against the dollar around 6:45 am GMT, at a rate of one dollar to 105.27 yen against 105.45 yen Thursday at 21:00 GMT.

The Japanese currency also rose against the euro, which was worth 123.14 yen against 123.45 yen the day before.

A euro was also traded for 1.1696 dollars, against 1.1708 dollars Thursday at 9:00 p.m. GMT.

The oil market was down: around 06:35 GMT the price of a barrel of US crude fell 1.22% to 40.46 dollars and that of a barrel of Brent from the North Sea gave up 1.23% to 42.63 dollars .


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