City
Epaper

Tokyo stocks end lower as tech shares fall

By IANS | Updated: September 5, 2024 15:10 IST

Tokyo, Sep 5 Tokyo stocks ended lower on Thursday, with the Nikkei index hitting a three-week low, as ...

Open in App

Tokyo, Sep 5 Tokyo stocks ended lower on Thursday, with the Nikkei index hitting a three-week low, as technology shares tracked overnight falls by their US counterparts.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 390.52 points, or 1.05 per cent, from Wednesday at 36,657.09, its lowest level since August 14.

The broader Topix index, meanwhile, finished 12.73 points, or 0.48 per cent, lower at 2,620.76, Xinhua news agency reported.

The benchmark Nikkei was mostly in negative territory, as high-tech shares were sold tracking overnight declines on the tech-heavy Nasdaq index.

Export-oriented issues were also sold due to a stronger yen. But the downside was supported as investors bought on dips following the Nikkei's third-largest drop of the year the previous day, analysts said.

Meanwhile, investors remained cautious ahead of a slew of US economic data set for release later in the day, which may further signal a slowdown in the US economy.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsIndia to play Myanmar, Indonesia, Turkmenistan in AFC U20 Women’s Asian Cup Qualifiers

EntertainmentCelina Jaitly reminisces about her childhood spent in fear in Kashmir

EntertainmentRajasthan Deputy CM Diya Kumari, Major General GD Bakshi attend premiere of 'The Young Tank Commander'

TechnologyOver 38 pc of equity MFs in India outperform respective benchmarks in March

InternationalUS Embassy files FIR against man and agent for visa fraud using fake documents

International Realted Stories

InternationalEU refuses to lift sanctions on Chinese officials over ongoing Uyghur rights abuses in Xinjiang

InternationalAt least 68 killed in US airstrike on Yemen migrant detention centre

InternationalPutin thanks North Korean leader for troop deployment to Russia: Reports

InternationalAbu Dhabi International Book Fair shapes future of publishing sector

InternationalMyanmar hit by 157 aftershocks in one month after deadly 7.7 magnitude quake