Japanese market down significantly | Nasdaq

(RTTNews) – The Japanese stock market is significantly lower on Tuesday, giving up some of the gains from the previous four sessions, with the Nikkei 225 remaining a little above the 28,000 mark, following slightly negative signals from global markets today. overnight, with weakness in most sectors, mainly in technology and financial stocks.

The benchmark Nikkei 225 is down 248.17 points or 0.88% at 28,001.07, after hitting a low of 27,976.45 earlier. Japanese stocks ended slightly higher on Monday.

Market heavyweight SoftBank Group lost more than 4% after reporting a heavy first-quarter loss, while operator Uniqlo Fast Retailing gained more than 1%. Among automakers, Honda lost nearly 1% and Toyota fell more than 2%.

In the tech space, Advantest lost more than 3%, Tokyo Electron plunged more than 9% after reporting a decline in quarterly profit, hit by the Shanghai lockdowns, and Screen Holdings was down 3.5%. In the banking sector, Mitsubishi UFJ Financial lost almost 2%, Sumitomo Mitsui Financial lost more than 1% and Mizuho Financial fell 0.5%.

Major exporters are down, with Mitsubishi Electric losing almost 1%, Canon down 0.5%, Panasonic down almost 2% and Sony down almost 3%. Among the other big losers, Japan Steel Works plunged nearly 10% and Yamato Holdings fell nearly 6%, while Tokai Carbon, Yokohama Rubber and Kirin Holdings lost more than 3% each.

Conversely, Trend Micro surged more than 8%, Nissan Chemical jumped nearly 7%, Mitsui E&S Holdings gained nearly 5%, Maruha Nichiro gained nearly 4% and Nippon Sheet Glass rose more than 3%. %.

In the currency market, the US dollar is trading in the upper range of 134 yen on Tuesday.

On Wall Street, stocks lost ground during Monday’s trading session after failing to sustain an early bullish move. Major averages retreated from their session highs and spent the rest of the day lingering near the unchanged line.

Major averages ultimately ended the session narrowly mixed. While the Dow Jones rose slightly 29.07 points or 0.1% to 32,832.54, the Nasdaq slipped 13.10 points or 0.1% to 12,644.46 and the S&P 500 edged lower down 5.13 points or 0.1% to 4,140.06.

Meanwhile, major European markets all traded higher on the day. While Britain’s FTSE 100 index climbed 0.6%, France’s CAC 40 index and Germany’s DAX index both rose 0.8%.

Crude oil prices rebounded from early losses and rose sharply on Monday, with data showing a significant increase in China’s oil purchases so far this month. West Texas Intermediate crude oil futures for September ended up $1.75 or 2% at $90.76 a barrel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.