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Tokyo stocks end down 1.33%

August 24, 2010

The Nikkei ended down 1.33% Tuesday, and passes for the first time in 15 months below the threshold of 9,000 points, foreign investors and hedge funds selling their securities, concerned about the inertia of Japanese authorities against the yen.

The Nikkei lost 121.55 points to 8,995.14 points and the broader TOPIX, yielded 7.06 points (-0.86%) to 817.73 points.

The markets were disappointed by the lack of decision after the telephone conversation with Japanese Prime Minister and the Governor of the BoJ Monday.

The rise of the yen against the dollar still weighs particularly on exporters, Sony Corp., Canon and Tokyo Electron, respectively, yielding 3.72%, 0.85% and 3.76% at closing.

Oil companies also suffer a fourth consecutive decline in prices of U.S. crude futures, which reached a low of six weeks, the group Inpex losing 2.75%.

• The Tokyo Stock Exchange ended down 0.86%
• The Tokyo Stock Exchange ended up 2.17%
• At the Tokyo Stock Exchange, the Nikkei ended down 2.2%
• The Tokyo Stock Exchange finished up, the Nikkei gained 0.39%
• The Tokyo Stock Exchange ended up 1.07%