AGL 38.16 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 134.19 Increased By ▲ 5.22 (4.05%)
BOP 8.85 Increased By ▲ 1.00 (12.74%)
CNERGY 4.69 Increased By ▲ 0.03 (0.64%)
DCL 8.67 Increased By ▲ 0.35 (4.21%)
DFML 39.78 Increased By ▲ 0.84 (2.16%)
DGKC 85.15 Increased By ▲ 3.21 (3.92%)
FCCL 34.90 Increased By ▲ 1.48 (4.43%)
FFBL 75.60 Decreased By ▼ -0.11 (-0.15%)
FFL 12.74 Decreased By ▼ -0.08 (-0.62%)
HUBC 109.45 Decreased By ▼ -0.91 (-0.82%)
HUMNL 14.10 Increased By ▲ 0.09 (0.64%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.37 Increased By ▲ 1.57 (3.94%)
NBP 69.70 Decreased By ▼ -2.62 (-3.62%)
OGDC 193.62 Increased By ▲ 5.33 (2.83%)
PAEL 26.21 Increased By ▲ 0.58 (2.26%)
PIBTL 7.42 Increased By ▲ 0.05 (0.68%)
PPL 163.85 Increased By ▲ 11.18 (7.32%)
PRL 26.36 Increased By ▲ 0.97 (3.82%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 84.40 Increased By ▲ 1.98 (2.4%)
TELE 7.99 Increased By ▲ 0.40 (5.27%)
TOMCL 34.05 Increased By ▲ 1.48 (4.54%)
TPLP 8.72 Increased By ▲ 0.30 (3.56%)
TREET 17.18 Increased By ▲ 0.40 (2.38%)
TRG 61.00 Increased By ▲ 4.96 (8.85%)
UNITY 28.96 Increased By ▲ 0.18 (0.63%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 10,786 Increased By 127.6 (1.2%)
BR30 32,266 Increased By 934.6 (2.98%)
KSE100 100,083 Increased By 813.5 (0.82%)
KSE30 31,193 Increased By 160.9 (0.52%)

Tokyo stocks ended lower Monday, hit by a stronger yen with Toshiba plunging after the embattled Japanese conglomerate announced plans to issue new shares. The benchmark Nikkei 225 index fell 0.60 percent, or 135.04 points, to 22,261.76, while the broader Topix closed down 0.23 percent, or 4.11 points, at 1,759.65.
"Major shares are being sold as investors don't like a higher yen," said Yoshihiro Ito, chief strategist at Okasan Online Securities in a commentary. For the Japanese shares to rebound, investors "want to see some sort of catalysts such as a progress in US tax reforms or a good start for the Christmas shopping season in the US," said Masayuki Doshida, senior analyst at Rakuten Securities. The dollar bought 112.01 yen, down from 112.15 yen in New York and well off the 112.54 yen in Tokyo earlier Friday.
Toshiba tumbled 5.82 percent to 275 yen after unveiling plans to issue new shares to raise a total of 600 billion yen, with financing expected to close on December 5. Toshiba is on the ropes after the disastrous acquisition of US nuclear energy firm Westinghouse, which racked up billions of dollars in losses before being placed in bankruptcy protection.
Nissan slipped 0.23 percent to 1,067.5 yen after it submitted the results of a probe into an inspection scandal to the transport ministry. But Honda ended 0.46 percent higher at 3,687 yen, despite a weekend recall of 800,000 minivans in the US, as a brokerage upgraded its evaluation of the shares.

Comments

Comments are closed.