friday: On Friday, the key market gauge rose 43.93 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, closed 14.18 points, or 0.89 percent, lower at 1,578.40 after gaining 2.80 points Friday, according to The Japan Times. The market got off to a weak start after Wall Street fell Friday as speculation of a steep rate cut by the Fed receded following the release of a larger than expected U.S. nonfarm payroll rise in June, brokers said. The Nikkei 225 average lost 212.03 points, or 0.98 percent, to end at 21,534.35. Selling to finance dividend payouts for exchange-traded funds linked to the Nikkei and Topix in line with their settlements Monday and Wednesday also weighed on the market, brokers said. Buying was kept in check as investors took a wait-and-see stance ahead of Fed Chairman Jerome Powell's congressional testimony on Wednesday and Thursday to gauge the Fed's rate policy after the strong jobs report, an official of a brokerage house said. Both the Nikkei and Topix accelerated their downswing later in the morning and remained deep in negative territory in the afternoon, also pressured by weak performances of Shanghai and Hong Kong stocks.
(news.financializer.com). As
reported in the news.
Tagged under friday, wall street topics.