The Nikkei was down today (September 24th) amid geopolitical concerns.
Investors across the globe were worried about the situation in the Middle East following the start of US airstrikes on in Syria, curbing the yen's fall. The Nikkei fell more than 100 points soon after the opening, following of overnight drops in US and European stocks.
However, investor sentiment was lifted by hopes that the Japanese government will draw up a fiscal 2014 supplementary budget to boost regional economies after prime minister Shinzo Abe told reporters in New York on Tuesday that he will closely watch to what extent the yen’s recent rapid drop will affect local areas, the Japan Times report.
The Nikkei 225 average fell 0.1 per cent to 16,192.02. The broader Topix fell 0.3 percent while the new JPX-Nikkei Index 400 dipped 0.2 per cent.
Learn about the Asian markets and CFD trading at City Index.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.