The stock market was down in Japan on Wednesday 3rd of November 2019. The investors were waiting for clarification for this and were looking forward towards the agreement between US and China that it will ease the flow. It happed that there was a sudden decline of about 185.13 points for Nikkei Stock Average and 7.35 points For Topix.
The greatest decline was in the steel, mining, oil products, foods and air transport. A total of 31 products of 33 industries went into a loss. Whereas investors are looking towards US China trade agreements as Donald Trump updated about the deal going on between the two economic powerhouses.
Both the states are looking to get some deal done to that the tension in the stock market can be reduced. US wants the property theft to be eradicated where as China wants that US should reduce the tariffs of about 250 billion dollar which have been imposed since they both started the trade.
Nissan Motors posted a 70 percent drop in their profits, along with the GMO Payment Gateway which dropped about 5.1 percent, and recently the profit guidance for the upcoming year fell short of market expectations as well. Whereas on the other hand Fujifilm enhanced the company profits by 7 percent as it reported to have made strong earnings and it is also expecting to make record sales this year in the annual profit reports.
The currency thought off as safe haven in times of economic slumps, appreciated the in opposition to greenback. Yen traded around hundred points against the dollar yesterday.
Tags : Stocks of Japan, Nissan Motors, Nikkei Stock, GMO Payment Gateway, economic slumps,