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Stock impact report

Nikkei tumbles, foreigners sell exporters and financials [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG)  More Company Research Source: Reuters
PDF Nikkei tumbles, foreigners sell exporters and financials | Reuters 3 Min Read * Exporters sold after yen strengthens * Banks, insurers underperform on falling U.S. yields By Ayai Tomisawa TOKYO, Dec 4 (Reuters) - Japan’s Nikkei tumbled on Tuesday afternoon with foreign investors selling off exporters and financials, while profit-taking continued on cyclical stocks that rallied the day before. The Nikkei share average fell 2.2 percent to 22,076.73 in mid-afternoon trade. The index rose to a two-week high on Monday as investors took heart after the United States and China suspended the imposition of new tariffs on the weekend. The broader Topix fell 2.3 percent to 1,650.92, with all of its 22 subindexes in negative territory. Analysts said that the market had priced in the Sino-U.S. trade truce and was looking to more events ahead, such as U.S. jobs data on Friday and the Federal Reserve’s policy meeting later this month. “Even after the market priced in the trade news, there are still [Read more]
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