moomoo ID:NaN
Log Out
Log in to access Online Inquiry

Nikkei 225 Off 1.5% on Global Economic Outlook, Wall Street Futures

MT Newswires ·  {{timeTz}}

06:17 AM EDT, 09/28/2022 (MT Newswires) -- The Nikkei 225 opened lower Wednesday and slumped in trading, finishing down 1.5% as traders weighed the outlook for sluggish global economic growth and tightening at major central banks.

Wall Street equity futures markets flashed red during Tokyo trading hours , undercutting sentiments.

The benchmark Nikkei 225 fell 397.89 to 26,173.98, as losing issues outnumbered gainers 206 to 19.

Leading the upside was Eisai (ESLAF, 4523:Tokyo), up 17.3% after the drugmaker reported a successful trial of its experimental Alzheimer's treatment. Shizuoka Bank (SZKBF, 8355:Tokyo), rose 5%, and Nippon Paper Industries (NIJPF, 3863:Tokyo), gained 3.2%.

On the downside were Nippon Sheet Glass (NPSGY, 5202:Tokyo), off 5.1%, and Mitsubishi Motors (MMTOF, 7211:Tokyo), off 4.9%.

In economic news, the Bank of Japan (BOJ) will likely maintain a generally accommodative posture, despite some concerns regarding the declining exchange rate of the yen, according to central bank board minutes from the July 20-21 policy meeting, released Wednesday.

Japan's banking system remains profitable, according to the minutes.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.