wall street: On Thursday, the key market gauge lost 26.65 points. ; The Topix, including all first-section issues, closed down 17.46 points, or 1.08 percent, at 1,597.36, after shedding 1.18 points the previous day, according to The Japan Times. The Tokyo market met with heavy selling after Wall Street fell sharply on Thursday on rumors that U.S. National Economic Council Director Gary Cohn, Trump's top economic adviser, would resign, brokers said. The Nikkei 225 average fell 232.22 points, or 1.18 percent, to 19,470.41, its lowest finish since May 2. A terror attack that struck Barcelona, Spain, on Thursday also put a damper on investor sentiment in both the United States and Japan, they said. Political uncertainties in the United States and the Barcelona attack prompted selling to lock in profits, said Hideyuki Ishiguro, senior strategist at Daiwa Securities Co. Tokyo stocks came under selling pressure due to the yen's strengthening against the dollar amid a risk-averse mood, an official of a bank-linked securities firm said.
(news.financializer.com). As
reported in the news.
Tagged under wall street, states japan topics.