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Japan stocks fall ahead of UK PM's Brexit speech
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Top Stories |
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IANS | 17 Jan, 2016
The Tokyo Stock Exchange opened on Tuesday with a drop and the Nikkei
fell below 19,000 points due to investor caution ahead of a speech by UK
Prime Minister Theresa May, who is expected to outline her government's
Brexit strategy.
After one hour of trading, the Nikkei index suffered a drop of 182.81 points or 0.96 per cent and stood at 18,912.43 points.
At one point it fell 1.29 per cent to its lowest level in five weeks, Efe news reported.
Meanwhile
the second indicator Topix, which tracks all domestic companies of the
exchange's First Section, lost 15.06 points or 0.98 per cent, and stood
at 1,515.58.
May is expected to deliver a speech on her
negotiation plan with the European Union (EU) once Britain triggers
Article 50 of the Lisbon Treaty, which establishes a two-year
negotiation period on the departure of an EU country.
Her speech
will reveal what London is looking for in its future relationship with
the EU, although it is not expected to reveal too many details in order
not to prejudice the negotiations.
Still, wary investors are waiting for clues about the process and its impact on the global economy.
The banking sector led the losses, followed by glass and ceramic products, and rubber.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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