City
Epaper

Tokyo stocks end lower amid profit taking, automaker scandal

By IANS | Updated: June 4, 2024 14:50 IST

Tokyo, June 4 Tokyo stocks ended the winning streak by closing lower on Tuesday, as investors took action ...

Open in App

Tokyo, June 4 Tokyo stocks ended the winning streak by closing lower on Tuesday, as investors took action to lock in gains while the testing scandal grew among major Japanese automakers.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 85.57 points, or 0.22 per cent, from Monday to close the day at 38,837.46, Xinhua news agency reported.

The broader Topix index, meanwhile, finished 10.59 points, or 0.38 per cent, lower at 2,787.48.

Market watchers here noted a market trend of selling on recovery and profit taking as the Nikkei approached the 39,000 psychological milestone on the day, adding that the yen's appreciation also weighed on the market.

Stock prices of major Japanese automakers including Toyota and Honda saw significant losses, after five major vehicle makers admitted falsifying certification tests for their products.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

BusinessVoter Adhikar Yatra: Rahul Gandhi meets makhana farmers in Katihar

NationalVoter Adhikar Yatra: Rahul Gandhi meets makhana farmers in Katihar

TechnologyICMR to share tools with South Asian countries to support emerging research systems

Other SportsSAFF U17 Women's C'ship: India eye crown after redemption victory against rivals Bangladesh

HealthICMR to share tools with South Asian countries to support emerging research systems

International Realted Stories

InternationalFor US, India is the only partner to counter Chinese dominance in Asia: Report

InternationalChina hikes military incursions around Taiwan

InternationalTibetans, allies to protest in London against China's proposed 'Mega-Embassy' near Tower of London

InternationalCBI brings back fugitive extortionist Sunil Kumar from Azerbaijan, key member of Aman Sahu gang

InternationalOver 600 gather in Malaysia to celebrate India-ASEAN cultural harmony