21.11.2019 - Korneychuk Evgeniya

TOKYO, Nov 21 – Japanese stocks suffered in three consecutive weeks as reemerging concerns about Sino-US trade pact signing and recently passed US legislation on Hong Kong directly impacted market condition.

Nikkei shares shed 1.2% to 22,872.03, recording its lowest point since Nov. it was potentially set to hit its worst drop in seven weeks.

Overnight, Wall Street’s three primary indexes underperformed from reports citing that the completion and signing of US-China trade pact will not happen any time soon and is posed to be completed up until next year.

US House of Representatives’ recent legislation supporting Hong Kong protesters heavily contributed to tensions between the world’s two biggest economies.

Analysts disclosed that a series of profit acquisition set in after Nikkei underperformed below the psychological point at 23,000 and the key 25-day moving average, landed at 23, 009 in the earlier session.

Semiconductor sector, a consistent gainer from previous sessions, inched lower with Tokyo Electron shedding 4.0%, Advantest losing 3.1%, and Screen Holdings with 5.3% setback.

Nikkei heavyweight Softbank Group plummeted with 2.3% following reports from media that the tech conglomerate is about to receive about 300 billion yen ($2.8 billion) from Japanese banks.

The broader Topix index suffered with 1.0% at 1,674.62, with all of its 33 sub-sectors in an unstable state.

Records from BOJ showed that central bank purchased exchange traded funds (ETFs) for the first time in six weeks not including its daily purchases of ETFs to back up capital spendings.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?