Japan and South Korea stocks close lower after IMF cuts forecast

Record ID: 94310

  • Title: Japan and South Korea stocks close lower after IMF cuts forecast
  • Date: 20th July 2016
  • Summary: TOKYO, JAPAN (JULY 20, 2016) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" TSE MARKET CENTRE VARIOUS OF TSE STAFF WORKING ELECTRONIC STOCK BOARD ALARMING AT CLOSING OF TOKYO STOCK ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE CLOSED AT 16681.89 DOWN 41.42 POINTS STOCK BOARD BEING UPDATED ELECTRONIC STOCK BOARD
  • Embargoed: 4th August 2016 11:08
  • Keywords: stock markets prices Asia Nikkei KOSPI
  • Location: SEOUL, SOUTH KOREA/TOKYO, JAPAN
  • City: SEOUL, SOUTH KOREA/TOKYO, JAPAN
  • Country: Various
  • Topics: Economic Events,Equities Markets
  • Reuters ID: LVA0014RHPRGN
  • Aspect Ratio: 16:9
  • Story Text: Japan and South Korean stocks ended slightly lower on Wednesday (July 20) after the International Monetary fund (IMF) cut its global growth forecasts for the next two years on Tuesday (July 19), citing uncertainty over Britain's looming exit from the European Union.
    Japan's Nikkei share average broke a seven-day winning streak on profit-taking, while Nintendo Co stumbled after a reported delay for Pokemon GO's introduction in Japan.
    The Nikkei dropped 0.3 percent to 16,681.89.
    The broader Topix dropped 0.1 percent to 1,330.75. The JPX-Nikkei Index 400 rose 0.1 percent to 11,953.84.
    The South Korean won and shares dithered as market participants turned away from risky assets after the IMF cut global growth forecasts.
    The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 2,015.46.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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