Japanese Nikkei finished this week with pessimistic mood

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Japanese Nikkei finished this week with pessimistic mood

October 19, 2018 - 11:22
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Japanese Nikkei finished this week with pessimistic mood following after US and Europe's markets decrease, Reuters reports. It shall be noted that this index of Japan's stocks have been showing third week of declines.

Tokyo, Japan © Chihiro Sakai, CC0 1.0

Japanese Nikkei finished this week with pessimistic mood following after US and Europe's markets decrease, Reuters reports. It shall be noted that this index of Japan's stocks have been showing third week of declines.

Nikkei touched six-week lowest level today (22212,57), and then closed 0,56% lower at 22532,08. Index already lost 7,8% from the highest level in 27 years, which was reached on October'2.

Local market is very sensitive to global risks, which recently included concerns about Italy's budget, rising interest rates in the  US and slowdown of Chinese economy.

All 33 sectors of Topix, excluding three, closed lower today as well. As a whole, Index fell by 0,69% to 1692,85. Shares of construction equipment manufacturer Komatsu lost 3,1%. SoftBank Corp and Nintendo fell by 1,2% and 4% respectively.

Shares of exporters fell after yen strengthened relative to dollar to the level close to the highest in a month.

Sony Corp lost 1,2%, while Panasonic Corp is 0,9% down. Toyota Motor Corp fell by 1,0%, Honda Motor Co by 0,9%.