AGL 38.48 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 203.02 Decreased By ▼ -4.75 (-2.29%)
BOP 10.17 Increased By ▲ 0.11 (1.09%)
CNERGY 6.54 Decreased By ▼ -0.54 (-7.63%)
DCL 9.58 Decreased By ▼ -0.41 (-4.1%)
DFML 40.02 Decreased By ▼ -1.12 (-2.72%)
DGKC 98.08 Decreased By ▼ -5.38 (-5.2%)
FCCL 34.96 Decreased By ▼ -1.39 (-3.82%)
FFBL 86.43 Decreased By ▼ -5.16 (-5.63%)
FFL 13.90 Decreased By ▼ -0.70 (-4.79%)
HUBC 131.57 Decreased By ▼ -7.86 (-5.64%)
HUMNL 14.02 Decreased By ▼ -0.08 (-0.57%)
KEL 5.61 Decreased By ▼ -0.36 (-6.03%)
KOSM 7.27 Decreased By ▼ -0.59 (-7.51%)
MLCF 45.59 Decreased By ▼ -1.69 (-3.57%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 220.76 Decreased By ▼ -1.90 (-0.85%)
PAEL 38.48 Increased By ▲ 0.37 (0.97%)
PIBTL 8.91 Decreased By ▼ -0.36 (-3.88%)
PPL 197.88 Decreased By ▼ -7.97 (-3.87%)
PRL 39.03 Decreased By ▼ -0.82 (-2.06%)
PTC 25.47 Decreased By ▼ -1.15 (-4.32%)
SEARL 103.05 Decreased By ▼ -7.19 (-6.52%)
TELE 9.02 Decreased By ▼ -0.21 (-2.28%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.75 Decreased By ▼ -0.02 (-0.15%)
TREET 25.12 Decreased By ▼ -1.33 (-5.03%)
TRG 58.04 Decreased By ▼ -2.50 (-4.13%)
UNITY 33.67 Decreased By ▼ -0.47 (-1.38%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,890 Decreased By -408.8 (-3.32%)
BR30 37,357 Decreased By -1520.9 (-3.91%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)
Markets

Tokyo stocks open lower on last trading day of year

  • "Caution remains high following the fast gains" of Japanese shares on Tuesday, Okasan said.
Published December 30, 2020

TOKYO: Tokyo stocks opened lower on Wednesday, the last trading day of the year, as investors locked in profits after US shares retreated from record highs.

The benchmark Nikkei 225 index, which hit a 30-year high on Tuesday, fell 0.24 percent, or 67.16 points, to 27,500.99 in early trade, while the broader Topix index was down 0.59 percent, or 10.80 points, at 1,808.38.

"Japanese shares are likely to have a breather, negatively reacting to a retreat in US shares," Okasan Online Securities said.

Wall Street closed lower Tuesday after the Senate blocked a move to boost federal stimulus checks to $2,000, sending indices retreating from records set the day before.

Much of Monday's upbeat sentiment came after US President Donald Trump signed off on a $900-billion coronavirus relief package, as well as a $1.4 trillion budget to fund the government.

"Caution remains high following the fast gains" of Japanese shares on Tuesday, Okasan said.

The Nikkei index had jumped more than two percent to its highest closing figure since August 1990 on hopes for economic recovery.

The dollar fetched 103.51 yen in early Asian trade against 103.55 on Tuesday in New York.

In Tokyo share trading, Sony dropped 0.96 percent to 10,290 yen with Toyota down 0.54 percent at 7,970 yen on profit-taking.

But Nintendo gained 0.85 percent to 66,420 yen, with Japan Airlines also up 0.92 percent at 1,956 yen.

Comments

Comments are closed.