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Nikkei bounces modestly after slide as yen surge stalls


Tuesday, 24 July 2018 10:22 WIB

TopixSaham JepangIndeks Nikkei


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Japan's Nikkei share average bounced modestly on Tuesday, trimming some sharp losses from the previous day as the yen's rally stalled and provided some relief to investors worried about the currency's impact on exporters' earnings.

The Nikkei was up 0.61 percent at 22,534.03 on morning session .

The index had fallen 1.3 percent on Monday as the yen soared versus the dollar after U.S. President Donald Trump expressed displeasure about the greenback's strength and on reports the Bank of Japan is debating changes to monetary policy settings.

The dollar traded around 111.25 yen, having pulled back from the previous day's low of 110.75.

The broader Topix climbed 0.69 percent to 1,750.64.

Source : Reuters


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