Tokyo (awp / afp) – The Tokyo Stock Exchange fell Monday morning in the wake of the mixed closing of Wall Street before the weekend, concerned in particular by the imminent monetary tightening expected from the American Federal Reserve (Fed ).
The flagship Nikkei index lost 0.87% to 27,201.31 points around 01:00 GMT and the broader Topix index dropped 0.56% to 1,919.75 points.
Better-than-expected US jobs data stretched markets on Friday, bolstering the idea of more Fed rate hikes as early as March and sending bond yields jumping.
On the side of values
TOSHIBA: the title of the Japanese industrial and technological conglomerate Toshiba fell back by 0.76% to 4,687 yen before its investor days scheduled for Monday and Tuesday, during which it must communicate details of its strategic reorganization announced last November.
The group reacted in a press release on Friday to information from several media according to which it was considering splitting into two rather than three and separating from several of its activities, declaring without formally denying that “the improvement ( of its) reorganization plan and changes to (its) business portfolio” remained “potential strategic options”.
On the side of currencies and oil
The yen was stable against the dollar, at a rate of one dollar for 114.25 yen around 01:00 GMT against 115.26 yen on Friday at 21:00 GMT.
The Japanese currency did not change either against the euro, which was worth 131.99 yen against 131.96 yen at the end of last week.
One euro traded for 1.1452 dollars against 1.1449 dollars on Friday at 9:00 p.m. GMT.
The oil market fell: around 00:50 GMT the price of a US barrel of WTI lost 0.8% to 91.57 dollars and that of a barrel of Brent from the North Sea dropped 0.56% to 92.72 dollars.
mac/am