Home News Tokyo shares close easier – charge economic worries

Tokyo shares close easier – charge economic worries


TOKYO ( Dow Jones) – With charges have completed the courses at the Tokyo Stock Exchange mid-week trade.

New economic worries and the weak to the other Asian stock markets weighed on sentiment , said one participant. The Nikkei -225 fell by 0.6 % and after 58 points to 9280 . The Topix recorded a discount of 0.7 % and 6 to 842 points. "Without positive news , investors have to the lapels of the past three days immediately realized gains , "said a dealer.
"It raises the question of why prices have risen the day before, because the main issues remain even the global economic recovery and economic development in the U.S. , "said one participant. In particular, the values from the export values fell due to fears about the economic development in the U.S.. Thus, the ISM index for services the day before had turned out slightly below forecasts.
In export values Honda Motor lost 1.6% to 2,524 yen, Canon ‘s shares fell by 0.4% to ¥ 3,335 after Sony closed with a loss of 1.9 % at ¥ 2,315 . Sony also suffered from the positive statements of competitor Samsung. The South Korean electronics company expects the second quarter with the highest earnings in company history. In contrast, some defensive pharmaceutical values showed profits. Astellas rose by 0.8 % to ¥ 2,987 and Takeda Pharmaceutical gained 1% to ¥ 3,935 .
Shares of Ricoh were suffering under a price target cut to ¥ 1,440 from ¥ 1,620 by Barclays Capital. The classification " Overweight "was confirmed. The analysts have also lowered its forecast for operating profit to 80 billion of 87 billion yen and justified this with the currency development. Ricoh lost 1.2% to ¥ 1,140 .

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