Tokyo (awp / afp) – The Tokyo Stock Exchange was down slightly on Tuesday morning, weighed down by profit taking after strong gains the day before, which saw the Nikkei rise to its highest level in five weeks.
The flagship Nikkei index fell 0.17% to 27,324.40 points around 1:30 a.m. GMT and the broader Topix index dropped 0.23% to 1,918.11 points.
The New York Stock Exchange, which usually gives the “the” at the opening of the Tokyo place, was closed Monday due to a public holiday, but “the general atmosphere is risk-taking after the increases (from the day before) in European and Asian markets,” Okasan Online Securities commented in a note.
The Japanese market did not seem overly affected by the announcement before the opening of the decline in Japanese industrial production (-1.3%) in April over one month, while confinements in China and the increase in costs aggravated by the war in Ukraine continue to weigh on manufacturing activity.
On the side of values
THE AUTOMOTIVE AFFECTED BY CHINESE CONTAINMENTS: confinements in China sharply slowed the activity of Japanese car manufacturers in April, according to figures published on Monday: the giant Toyota (+0.23% to 2,131.5 yen) thus saw its global production fell by 9% over one year, and that of Honda (+0.53% to 3,201 yen) collapsed by 54%.
On the side of oil and currencies
The oil market rose after the agreement reached on Monday between the leaders of the 27 countries of the EU to stop the bulk of their imports of Russian oil.
After 1:30 a.m. GMT, the price of a barrel of American WTI rose 2.27% to 117.68 dollars and that of a barrel of Brent from the North Sea gained 0.62% to 122.43 dollars.
On the foreign exchange market, the yen fell against the dollar, at the rate of one dollar for 128.18 yen around 0130 GMT against 127.59 yen Monday at 2100 GMT.
The Japanese currency also fell against the euro, with one euro trading for 137.70 yen against 137.52 yen the day before.
The euro was worth 1.0744 dollars against 1.0779 dollars on Monday.
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