Tokyo the minimum over a year. The Nikkei 225 closed at the 4.84% decline – La Stampa

Tokyo at minimum over a year. The Nikkei 225 closed in decline of 4.84%

          

On Thursday pause he did not save Tokyo by the latest sell-off and the Japanese Square marked the worst performance by an octave in nearly five years. The Nikkei 225 closed the last session of the week with a 4.84% loss (the broader Topix index has however lost 5.43%) dragged down mainly by telecommunications and consumer stocks. In particular SoftBank closed with a fall of 9.54% after the telecommunications giant had announced Wednesday the collapse of profits by 87% in the third quarter of 2016 (closing end of March) to 2.28 billion yen (17.6 million euro). widely worse result than analysts’ expectations for 71 billion (550 million euro). In the three months operating income, however, it grew by 7% to 189.55 billion yen (1.46 billion euro). Tokyo had joined Thursday in Shanghai and Shenzhen (stationary for the entire eighth for the festivities of the Lunar New Year), remaining closed for Kenkoku Kinen no Hi (celebration of the founding of Japan and the appointment of the first emperor Jimmu), after losses of 5.40% Tuesday (worst daily performance since June 2013) and 2.31% on Wednesday to the Nikkei 225. the Tokyo sell-off was accompanied by a steady strengthening of the yen against the dollar. And the appreciation of the Japanese currency continued, touching an increase of 10% from the lows reached on January 29, when the Bank of Japan (BoJ) had introduced a surprise interest rates in negative. During lunch break Haruhiko Kuroda was seen entering the residence of Prime Minister Shinzo Abe and exit the BoJ Governor told reporters that the central bank is closely monitoring the currency, but did not comment on the content of the discussion he had with Premier .

If the yen strengthens, as does gold (another safe haven that on Thursday had risen to the highest last year), the decline of oil shows no signs of stopping. The US oil futures have plummeted in fact the minimum 13-year just above $ 26 a barrel (threshold below which was dropped Thursday WTI) on the growth of stocks in America and around the world. On this front, however, new hopes come from a possible opening to OPEC production cuts and in fact in Sydney the securities industry as a whole recorded a positive session (Santos gained 3.61%), by limiting to 1, 16% decline in the S & amp; P / ASX 200 on the day. Worse did Seoul, the Kospi declined 1.41% at the end of trading. Nearing the close, however, Hong Kong’s Hang Seng lost about 1% (worst makes the Hang Seng China Enterprises Index, subindex reference in the former British colony to China Corporate, which touches a decline of 2% ).

(RR)