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Reading: Japan’s Nikkei Extends Losing Run as Strong Yen Offsets Chip Rally (Update 1)
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Econo Asia™ > Blog > News > Markets > Tokyo Stock Exchange (TSE) > Japan’s Nikkei Extends Losing Run as Strong Yen Offsets Chip Rally (Update 1)
Tokyo Stock Exchange (TSE)

Japan’s Nikkei Extends Losing Run as Strong Yen Offsets Chip Rally (Update 1)

NEWSROOM
Last updated: 2024/07/23 at 6:01 PM
By NEWSROOM 1 Min Read
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Yomiuri Shimbun file photo
Tokyo Stock Exchange

Reuters

13:05 JST, July 23, 2024 (updated at 16:00 JST)

TOKYO, July 23 (Reuters) – Japan’s Nikkei share average ended marginally lower on Tuesday, extending its losing run to a fifth consecutive session, as caution over a strengthening yen overshadowed gains in chip stocks.

The Nikkei finished the day down 0.01% – less than 5 index points – at 39,594.39. It rose as much as 0.8% earlier in the session, but failed to reach the psychological 40,000 mark.

A stronger yen threatened to weigh on corporate bottom lines among the Nikkei’s exporter-heavy constituents, just as the…



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