Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  Japan’s stocks slip on oil drop
BackBack

Japan’s stocks slip on oil drop

Japan's stocks slip on oil drop

Premium

By Patrick Rial/Bloomberg

Tokyo: Japanese stocks declined, paced by trading companies such as Mitsubishi Corp., after the price of oil slid the most in four months.

“We may see some bearish sentiment toward the trading companies as a result of the drop in oil," said Juichi Wako, a strategist at Nomura Securities Co. in Tokyo. “It won’t be easy for stocks to climb today."

Steelmakers gained, led JFE Holdings Inc., after Baoshan Iron & Steel Co., China’s largest maker of the alloy, said it expects first-quarter profit to more than double.

The Nikkei 225 Stock Average slid 92.88, or 0.5%, to 17,650.88 as of 9:11 am on 10 April in Tokyo. The broader Topix index fell 7.65, or 0.4%, to 1,730.45.

Nikkei futures expiring in June lost 0.5% to 17,680 in Osaka and dropped 0.5% to 17,675 in Singapore.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 10 Apr 2007, 05:53 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App