The Japanese market has declined critically

(RTTNews) – The Japanese market was notably lower on Friday as losses extended within the outdated two classes, following mixed cues from European markets and a lack of cues from Wall Street overnight as they closed. The Nikkei 225 is actually falling below the 39,300 level, with weak spots in most sectors led by index heavyweights and cash stocks. Tech stocks are the biggest shining arena.

The benchmark Nikkei 225 index fell 261.11 facets, or 0.66 percent, to 39,343.98, after earlier hitting a low of 39,166.05. Japanese stocks closed lower on Thursday.

Market heavyweight SoftBank Team is losing nearly 1 percent, while operator Uniqlo Like a flash Retailing is down nearly 7 percent after reporting weaker-than-expected results in China. Among automakers, Toyota is down 0.3 percent, while Honda is down nearly 1 percent.

On the technology front, Advantest gains more than 5 percent, Display Holdings adds more than 1 percent and Tokyo Electron advances nearly 2 percent.

In the banking sector, Mizuho Monetary is losing more than 1 percent, Mitsubishi UFJ Monetary is losing almost 1 percent and Sumitomo Mitsui Monetary is losing almost 2 percent.

Among the many dominant exporters, Panasonic is down 0.5 percent, while Canon and Sony are losing nearly every percent. Mitsubishi Electric is up 0.1 percent.

Among other dominant losers, Mitsui Mining & Smelting is shedding more than 6 percent, while Chugai Pharmaceutical and T&D Holdings are down nearly 3 percent each.

In contrast, Kawasaki Heavy Industries and Furukawa Electric gained nearly 5 percent each, while Japan Steel Works added an additional 4 percent. Fujikura and Shionogi & Co. each advancing more than 3 percent, while Ebara is up nearly 3 percent.

In the foreign exchange market, the US dollar is trading within the lower range of 158 yen on Friday.

Stock markets on Wall Street were closed on Thursday in honor of late US President Jimmy Carter, who died in December at the age of 100.

Meanwhile, major European markets ended the day mixed. While Britain’s FTSE 100 jumped 0.8 percent, France’s CAC 40 rose 0.5 percent and Germany’s DAX fell 0.1 percent.

Crude oil prices rose on Thursday on optimism over the outlook for global oil demand and an achievable supply shortfall due to sanctions on Iranian and Russian crude exports. West Texas Intermediate Coarse crude futures for February were up $0.60, or 0.82 percent, at $73.92 a barrel.

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