Nikkei Falls in Third Day of Losses

Stocks lost ground for the third straight day on the Tokyo Stock Exchange Thursday, hit by the yen’s advance against the dollar, with the benchmark Nikkei average closing below 15,500 for the first time in more than a month.

The 225-issue Nikkei average lost 117.05 points, or 0.75 percent, to close at 15,478.93, the lowest finish since Sept. 1. On Wednesday, the key market gauge sagged 187.85 points.

The TOPIX index of all First Section issues ended down 14.07 points, or 1.1 percent, at 1,260.78, after falling 16.04 points the previous trading day.

Tokyo stocks attracted buying at the outset of Thursday’s trading following an overnight surge in U.S. equities.

via Japan News

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza