AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Tokyo's benchmark Nikkei index fell for the third consecutive session on Thursday, with automakers battered by news that Washington was considering possible tariffs on automobile imports. The Nikkei 225 index dropped 1.11 percent, or 252.73 points, to 22,437.01 while the broader Topix index was down 1.21 percent, or 21.66 points, at 1,775.65.
"The auto tariff news put extra selling pressure on the market," said Hikaru Sato, senior technical analyst at Daiwa Securities. "I don't think anything practical will happen immediately but trading in the auto sector is expected to remain sensitive for the time being," Sato told AFP.
The Wall Street Journal reported earlier Wednesday that US President Donald Trump was asking for vehicle import tariffs as high as 25 percent. The market was also hit by a strong yen, with lingering concerns about the potential delay of a US-North Korea summit.
"Japanese shares are seen weighed down by concerns that the summit between the US and North Korea may be postponed, and a higher yen against the dollar with the backdrop of higher oil prices," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary. The dollar fetched 109.45 yen in Asian afternoon trade, down from 110.12 yen in New York late Wednesday. Wall Street on Wednesday swung to a positive finish, with stocks boosted by Federal Reserve minutes that said the central bank may be willing to let inflation run slightly higher.
In Tokyo, Honda plunged 3.39 percent to 3,531 yen and Toyota dropped 3.05 percent to 7,208 yen, with Nissan down 1.75 percent at 1,118.5 yen. Game giant Nintendo was down 2.34 percent at 42,510 yen, while Sony lost 0.97 percent to 5,100 yen. Banks were also lower, with Mitsubishi UFJ down 1.92 percent at 699.3 yen and Sumitomo Mitsui Financial down 0.92 percent at 4,628 yen.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.