Japan's Nikkei loses 1.3 percent as tensions on the Korean peninsula escalate

Record ID: 905858

  • Title: Japan's Nikkei loses 1.3 percent as tensions on the Korean peninsula escalate
  • Date: 9th August 2017
  • Summary: TOKYO, JAPAN (AUGUST 9, 2017) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" TSE MARKET CENTER / ELECTRONIC STOCK BOARD AT THE CLOSING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE CLOSED AT 19738.71 DOWN 257.30 VARIOUS OF TSE STAFF WORKING ELECTRONIC STOCK BOARD SHOWING YEN BEING TRADED AT 109.97 DOWN 0.61 TSE MARKET CENTER VARIOUS OF REVOLVING STOCK PRICE TICKER
  • Embargoed: 23rd August 2017 09:01
  • Keywords: Nikkei Yen Pyongyang Stock Exchange JPX Tokyo Stock Exchange North Korea Japan stocks North Korea Japan market
  • Location: TOKYO, JAPAN
  • City: TOKYO, JAPAN
  • Country: Japan
  • Topics: Economic Events
  • Reuters ID: LVA0016TFPSN9
  • Aspect Ratio: 16:9
  • Story Text: Japan's Nikkei lost 1.3 percent on Wednesday (August 9) on escalating geopolitical tensions with North Korea, which boosted the safe-haven yen and knocked many stocks.
    North Korea said on Wednesday it is "carefully examining" plans for a missile strike on the U.S. Pacific territory of Guam, just hours after U.S. President Donald Trump told the North that any threat to the United States would be met with "fire and fury."
    The benchmark Nikkei closed at 19738.71 down 257.30 yen, the weakest closing level since May 31, but defense equipment makers attracted buyers, with Ishikawa Seisakusho soaring 5.0 percent, Howa Machinery rising 1.1 percent and Tokyo Keiki advancing 1.4 percent.
    The dollar was down 0.3 percent to 110.01 yen, following a retreat to 109.740, its weakest since mid-June, which hurt bellwether stocks such as automakers, tech shares and banks. The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption investors there will repatriate funds should a crisis eventuate.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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