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The yen strengthens and causes the Tokyo Stock Exchange to collapse: the Nikkei closes at -3,3%

The Nikkei drops below the psychological threshold of 14 points, to its lowest level for over a month – The Topix drops 3,31% – Particularly sensitive to exchange rate trends, securities linked to the export sector are affected by the appreciation of the yen, with Toyota closing down more than 4%.

The yen strengthens and causes the Tokyo Stock Exchange to collapse: the Nikkei closes at -3,3%

I collapse for the Tokyo Stock Exchange, which closed down by 3,32%, weighed down by the new recovery of the yen against the dollar. The index Nikkei of the 225 leading stocks, which had already closed down by 2,97% last Friday, lost another 468,85 points, falling below the psychological threshold of 14 points, at its lowest for over a month. The Topix drops 3,31%.

Particularly sensitive to exchange rate trends, securities linked to the export sector were affected by the appreciation of the yen, with Toyota closing down by more than 4%. A climate of generalized caution prevails among investors also in view of the Fed meeting on rates that opens tomorrow and the upcoming Chinese data on manufacturing in July.

Hong Kong's Hang Seng index instead lost 0,65%, falling to 21.826,10. The news on the China enterprises index weighed negatively on the market, down by 0,9%.

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