Tokyo opens lower in the wake of Wall Street


Tokyo (awp/afp) – The Tokyo Stock Exchange fell again on Wednesday, in the wake of Wall Street fearing that the good resistance of the American job market would encourage the Fed to be even more aggressive in its fight against the ‘inflation.

The flagship Nikkei index lost 0.5% to 28,053.48 points and the broader Topix index fell 0.52% to 1,958.19 points.

On the side of values

HIS: the tour operator HIS (-0.56% to 2,115 yen) announced Tuesday after the market closed an agreement to sell Huis Ten Bosch, a leisure park on the theme of the Netherlands in the department of Nagasaki (south- west), to the Hong Kong investment company PAG for a total enterprise value of 100 billion yen (720 million euros). The imminence of this transaction had already leaked in the Japanese press at the beginning of last week.

HIS has until now held two-thirds of the capital of this leisure park, whose activity has suffered since the start of the pandemic in 2020, and the minority shareholders will also sell their shares to PAG.

On the side of oil and currencies

After its rout the day before against a backdrop of fears of a global recession, the oil market was licking its wounds: around 00:30 GMT, the barrel of American WTI regained 0.61% to 92.20 dollars and the barrel of Brent from the North resumed 0.48% to 99.79 dollars. These benchmark barrels had plunged 5.5% on Tuesday.

In terms of currencies, the dollar weakened a little against the yen, at the rate of one dollar for 138.50 yen against 138.79 yen on Tuesday at 9:00 p.m. GMT.

The euro/yen rate was virtually stable, with one euro worth 138.93 yen against 139.00 yen the day before. And the European currency rose to 1.0030 dollars against 1.0015 dollars on Tuesday at 9:00 p.m. GMT.

etb/elm



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