manufacturing activity: On Tuesday, the key market gauge jumped 216.21 points. ; The Topix index of all first-section issues closed down 0.21 point, or 0.01 percent, at 1,616.00, after gaining 17.15 points the previous day, according to The Japan Times. Stocks were caught in a tug of war between buying thanks to the yen's weakening against the dollar and selling on concerns over geopolitical tensions over North Korea, brokers said. The 225-issue Nikkei average shed 24.03 points, or 0.12 percent, to end at 19,729.28. The yen's depreciation reflected stronger-than-expected readings on U.S. retail sales and New York's manufacturing activity, they said. The Tokyo stock market will be in a lull until the U.S.-South Korea joint military drill takes place, an official of a bank-affiliated securities firm said. Active buying of stocks was, however, held in check prior to a joint military exercise between the United States and South Korea set to begin on Monday, they said.
(news.financializer.com). As
reported in the news.
Tagged under manufacturing activity, market gauge topics.