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March 26, 2015, 4:56 a.m. EDT

Japanese stocks fall most in two months

Shanghai stocks resume winning streak and buck the weaker trend

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By Laura He, MarketWatch


Reuters
Japanese stocks decline the most in two months on Thursday, with most Asian markets weaker.

HONG KONG (MarketWatch) — Japanese stocks recorded their biggest drop in two months on Thursday, taking cues from a steep decline in the U.S. markets overnight.

Meanwhile, mainland Chinese stock markets resumed their winning ways after snapping a 10-session run in the previous session.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.87%  declined 1.4%, marking its biggest daily percentage drop since mid-January. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +0.85%  fell 1.5%.

Among market movers, semiconductor supplier Tokyo Electron Ltd. /zigman2/quotes/202883609/delayed JP:8035 +2.78%  sank 5.8%, electronic components manufacturer TDK Corporation /zigman2/quotes/208948266/delayed JP:6762 +0.10%  slid 4.5%, media conglomerate Sony Corporation /zigman2/quotes/201361720/delayed JP:6758 +1.79%  pulled back 3.3%, and console maker Nintendo Co., Ltd. /zigman2/quotes/208063194/delayed JP:7974 +3.14%  gave up 3%.

However, Shanghai stocks bounced back after breaking an impressive winning streak on Wednesday. The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.19%  rebounded 0.6% to 3,682.10, wavering near a seven-year high of 3,691.41.

Other major Asian markets were broadly weaker. Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%  lost 1.6%, Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.72%  shed 1%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.14%  posted a mild retreat and dipped 0.1%, with the mainland-China-tracking Hang Seng China Enterprises /zigman2/quotes/210598031/delayed CN:160462 +0.33%  off 0.4%.

The declines came on the heels of a nearly 300-point drop for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.23% , as investors got jittery about earnings and weak durable-goods orders. Energy prices /zigman2/quotes/209724755/delayed CLK25 -0.17%  were the exception, surging on news of the conflict in Yemen. Reports of Saudi Arabian airstrikes in Yemen, which is one of the world’s main transit points for seaborne oil, sent prices of crude higher Wednesday and Thursday.

Read: Oil prices surge as Saudi strikes in Yemen trigger supply worries.

The yen advanced versus the greenback, with the dollar buying ¥118.57, compared with ¥119.65 at the previous Tokyo stock close.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,175.87
+243.67 +0.87%
Volume: 0.00
Aug. 5, 2022 3:15p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,947.17
+16.44 +0.85%
Volume: 0.00
Aug. 5, 2022 3:00p
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 48,860.00
+1,320 +2.78%
Volume: 1.28M
Aug. 5, 2022 3:00p
P/E Ratio
17.49
Dividend Yield
3.43%
Market Cap
¥7607.30 billion
Rev. per Employee
¥128.17M
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 4,830.00
+5.00 +0.10%
Volume: 1.65M
Aug. 5, 2022 3:00p
P/E Ratio
10.07
Dividend Yield
2.19%
Market Cap
¥1830.55 billion
Rev. per Employee
¥17.06M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,685.00
+205.00 +1.79%
Volume: 3.45M
Aug. 5, 2022 3:00p
P/E Ratio
16.43
Dividend Yield
0.60%
Market Cap
¥14492.75 billion
Rev. per Employee
¥91.61M
loading...
/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 58,720.00
+1,790 +3.14%
Volume: 977,100
Aug. 5, 2022 3:00p
P/E Ratio
13.68
Dividend Yield
3.46%
Market Cap
¥6889.17 billion
Rev. per Employee
¥250.14M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,227.03
+37.99 +1.19%
Volume: 27.47B
Aug. 5, 2022 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,015.60
+40.70 +0.58%
Volume: 589,213
Aug. 5, 2022 5:10p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,490.80
+17.69 +0.72%
Volume: 409,776
Aug. 5, 2022 3:30p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,201.94
+27.90 +0.14%
Volume: 1.64M
Aug. 5, 2022 4:09p
loading...
/zigman2/quotes/210598031/delayed
CN : Hong Kong Exchange
6,902.18
+22.49 +0.33%
Volume: 0.00
Aug. 5, 2022 4:09p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,803.47
+76.65 +0.23%
Volume: 320.97M
Aug. 5, 2022 5:04p
loading...
/zigman2/quotes/209724755/delayed
US : U.S.: Nymex
$ 72.47
-0.12 -0.17%
Volume: 0.00
Aug. 5, 2022 5:09p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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