Nikkei closed the market down 712.12 points, investors sold due to concerns about European politics and the US economy.
Nikkei index, Tokyo stock marketIt closed down today (June 17), with some periods falling more than 2% as investors sold because of concerns about the European economy amid political turmoil. At the same time, investors are also cautious about the US economic outlook.
Kyodo News Agency reported that the Nikkei index closed at 38,102.44 points, down 712.12 points or -1.83%.
Negative stocks include real estate stocks. Oil and Coal Product Group Including the mining group
Broker said Investors avoided risk after European stock markets fell on Friday amid signs that French President Emmanuel Macron's position may be shaken by right-wingers. Organized in the upcoming parliamentary elections.
Moreover, the Japanese stock market sentiment was affected after US consumer confidence weakened in June. It fell to a seven-month low, dampening hopes of a soft landing in the US fight against inflation.
“Japanese stock trading is particularly sensitive to the global economic situation. Investors may therefore sell to prevent risk amidst the uncertainty of the situation overseas in the future,” said Mr. Toshikazu Horiuchi, equity strategist at IwaiCosmo Securities.
One of the big stocks that fell heavily was Toyota. It was sold off after the company said on Friday it would halt production of three car models affected by improper testing until the end of July. Toyota was found to have falsified vehicle performance tests in order to obtain government certification.
Mitsubishi UFJ Financial Group shares also fell. This comes after Japan's securities watchdog recommended that Japan's financial regulator (FSA) impose sanctions on a bank and two brokerage firms belonging to the Mitsubishi Group. Penalty for sharing confidential customer information without consent
The Shanghai Composite Index of Chinese stock markets closed negative today. After China released data indicating an economic slowdown.
The Shanghai Composite Index closed at 3,015.89 points, down 16.74 points or -0.55%.
China's National Bureau of Statistics (NBS) announced today that Retail sales rose 3.7% in May, better than April's gain of 2.3% and above analysts' expectations for a 3% increase.
However, industrial production rose 5.6% in May year-on-year. This slowed from April's increase of 6.7% and was lower than analysts' expectations for a 6% increase. China's investment in fixed assets rose 4% in the first five months of this year. compared yearly This was lower than analysts' expectations for a 5% increase.
Real estate investment decreased 10.1% from January to May. 2567 year-on-year This is a continuous decline after falling 9.8% in January-April. Although the Chinese authorities have issued measures to support the real estate sector and boost consumer confidence,
The South Korean Stock Market Composite Index closed negative today (June 17), after closing positive for four days in a row amid expectations that the Federal Reserve (Fed) will delay cutting interest rates. The South Korean won weakened against the US dollar.
The South Korea Stock Exchange Composite Index (KOSPI) closed at 2,744.10 points, down 14.32 points or -0.52%, with moderate trading volume of 545 million shares, valued at 12.2 trillion won (US$8.8 billion), and a number of Declining stocks outnumbered positive stocks in the ratio of 522 to 359 stocks.
The Hong Kong Stock Exchange Hang Seng Index closed negative today (June 17) after China released several economic data indicating a slowdown in the Chinese economy. Meanwhile, investors are worried that the US Federal Reserve (Fed) will postpone Reduce interest rates
The Hang Seng Index closed at 17,936.12 points, down 5.66 points or -0.03%.
China's National Bureau of Statistics (NBS) announced today that Retail sales rose 3.7% in May, better than April's gain of 2.3% and above analysts' expectations for a 3% increase.
However, industrial production rose 5.6% in May year-on-year. This slowed from April's increase of 6.7% and was lower than analysts' expectations for a 6% increase. China's investment in fixed assets rose 4% in the first five months of this year. compared yearly This was lower than analysts' expectations for a 5% increase.
Real estate investment decreased 10.1% from January to May. 2567 year-on-year This is a continuous decline after falling 9.8% in January-April. Although the Chinese authorities have issued measures to support the real estate sector and boost consumer confidence,
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