The Nikkei star index fell 0.8% to 28,027.25 points and the Topix extended index lost 1.21% to 1,967.60 points.
The Tokyo Stock Exchange ended down Wednesday once morest other Asian markets, weighed down by the rise of the yen once morest the dollar and sales related to the expiration of rights to receive dividends.
The Nikkei star index fell 0.8% to 28,027.25 points and the Topix extended index lost 1.21% to 1,967.60 points.
The yen, whose relentless fall once morest the dollar in the previous days, perceived as good news for Japanese exporting companies, had carried the Tokyo Stock Exchange, recovered on Wednesday.
“There is a lot of talk regarding the yen which might continue to decline, but it seems that it has gone too far”, commented Tetsuo Seshimo of Saison Asset Management, quoted by the Bloomberg agency.
The Tokyo market was also penalized by sell orders related to the expiry the day before of rights to receive dividends for the year ending March 31. This deadline had on the contrary stimulated the market on Tuesday.
The wind of optimism that swept the stock markets on Tuesday thanks to the announcement of progress in the negotiations between Ukraine and Russia continued to blow on the other major Asian stock markets: around 06:45 GMT the Hang Seng index of Hong Kong climbed 1.9%, Shanghai 1.8% and Shenzhen 2.4%.
On the side of values
NINTENDO IN ACTION SICK: the title Nintendo fell 5.74% to 63,140 yen following its announcement of the postponement to spring 2023 of the long-awaited sequel to the action adventure game “Zelda: Breath of the Wild”, whose release was until there announced for current 2022.
This new delay worries investors as the presence of the game on the shelves for the holiday season might have supported sales of the Switch console.
SONY MUSCLE SES SERVICES: electronics giant Sony (-0.11% to 12,935 yen) on Tuesday revealed details of its new online subscription service for its PlayStation consoles, intended to fight once morest that of its American rival Microsoft.
Available in three price levels, the new PlayStation Plus will notably offer, from June, unlimited access to a catalog of several hundred games, which unlike Microsoft’s Game Pass will not include the possibility of playing games at big budget when they come out.
On the side of currencies and oil
On the foreign exchange market, the yen continued its rebound once morest the dollar, at 121.96 yen for a dollar around 06:50 GMT once morest 122.88 yen on Tuesday at 21:00 GMT.
The Japanese currency also regained ground once morest the euro, which was worth 135.51 yen once morest 136.23 yen the day before.
The European currency strengthened once morest the greenback, at the rate of one euro for 1.1110 dollars once morest 1.1086 dollars on Tuesday at 9:00 p.m. GMT.
Oil prices were in the green: around 06:40 GMT the price of a barrel of American WTI gained 1.57% to 105.88 dollars and that of a barrel of Brent from the North Sea took 1.56% to 111.95 dollars .
