2023-12-14 00:46:04
Tokyo (awp/afp) – The Tokyo Stock Exchange was trading in the red on Thursday morning, weighed down by the rise in the yen despite the jubilation on Wall Street the day before in the wake of the monetary status quo of the American Federal Reserve (Fed).
The flagship Nikkei index lost 0.32% to 32,820.15 points around 00:30 GMT and the broader Topix index dropped 0.95% to 2,332.49 points.
The Fed left its rates unchanged Wednesday following its monetary policy meeting, and its officials anticipate three or four cuts next year, news that caused the Dow Jones index on the New York Stock Exchange to jump to a record level.
The sudden decline of the dollar once morest the Japanese currency which followed the Fed’s announcement weighed on the Tokyo indices and in particular on export stocks such as automobile manufacturers, whose income abroad benefits from a low yen.
Recruit passes his interview
The stock of the Japanese group specializing in recruitment and human resources Recruit Holdings climbed 8%, following announcing on Wednesday a repurchase of its own shares for a maximum amount of 200 billion yen (1.3 billion euros).
The car at a standstill
The shares of Japanese automobile manufacturers, whose results depend on their exports, suffered from the appreciation of the yen: Toyota lost 3.1%, Nissan 3.6% and Honda 3.3%.
The yen continues its rise
After having already appreciated significantly the day before, the yen continued its rise once morest the dollar around 00:30 GMT, at a rate of one dollar to 142.47 yen once morest 142.89 yen on Wednesday at 9:00 p.m. GMT.
The euro also fell to 155.17 yen per euro, once morest 155.38 yen the day before.
The euro was trading for $1.0894 compared to $1.0874 on Wednesday.
On the oil market, a barrel of American WTI gained 0.56% to $69.86 around 00:30 GMT.
mac/roc
1702523398
#Tokyo #battered #rebound #yen #December
