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Tokyo stocks end lower

AFP . Tokyo
08 Oct 2022 00:00:00 | Update: 08 Oct 2022 01:05:44
Tokyo stocks end lower

Tokyo shares closed lower Friday with investors disheartened by sagging stock futures on Wall Street and bracing for US jobs data.

The benchmark Nikkei 225 index fell 0.71 per cent, or 195.19 points, to end at 27,116.11, while the broader Topix index gave up 0.82 per cent, or 15.67 points, to 1,906.80.

The dollar fetched 145.00 yen, against 145.11 yen seen on Thursday in New York.

The Japanese market was weighed down by lower US futures, and a wait-and-see mood also spread among investors before the release of US jobs data, which may provide new clues over how the Federal Reserve will move on future rate hikes.

Adding to these are concerns over a global recession and the prospect of hawkish policies by central banks around the world dragging on, Daiwa Securities said in a commentary.

Among major shares in Tokyo, SoftBank Group edged up 0.18 per cent to 5,504 yen and Uniqlo operator Fast Retailing was up 0.18 per cent to 79,890 yen.

Sony Group lost 0.34 per cent to 9,891 yen while Toyota slid 0.72 per cent to 1,985.5 yen.

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