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Japan Shares Swing as Yen Drop Buoys Exporters; Nintendo Slumps

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Best Profit Futures – Japanese shares fluctuated after a pullback in the yen boosted exporters, while Nintendo Co. slumped after unveiling a new gaming console.

Telephone stocks and service companies also weighed on the Topix index.

The benchmark Topix rose 0.1 percent to 1,372.13 as of 9:17 a.m. in Tokyo, erasing losses of as much as 0.1 percent, while the yen dropped for a second day against the dollar.

Nikkei 225 index rise 0.2% to 167,263.4. The measure is on course for a 1.8 percent gain this week. Over 350 companies on the Topix are scheduled to release their quarterly

reports next week as investors look for signs on how much this year’s stronger yen is impacting profits.

Nintendo lost 4.3 percent after unveiling its long-awaited new gaming platform Switch, suggesting that investors aren’t impressed. (Best Profit Futures)

The Topix has fallen 11 percent this year, on course for its worst annual loss since 2011, as the yen’s 13 percent increase against the dollar in 2016 damped the outlook for profit at the nation’s exporters.

The equity measure has climbed this week amid hopes earnings won’t be as bad as feared. Industrial-robot maker Yaskawa Electric Corp. jumped 4.8 percent after profits topped estimates.

Sedangkan Hong Kong stocks inch up, helped by energy firms(Best Profit Futures)

Saham AS ditutup melemah Kamis ini ditengah penurunan tajam harga minyak dan saham telekomunikasi membebani sentimen investor.

Investor juga bergulat dengan serangkaian data ekonomi yang bervariasi, data laba, (Best Profit Futures)

penurunan tajam harga minyak mentah, prospek kenaikan suku bunga oleh Federal Reserve serta gejolak pada pemilihan presiden AS.

Menyusul penurunan 11 poin, indeks S & P 500 ditutup turun 2,95 poin, atau 0,1% pada 2,141.34, dengan 10 dari 11 sektor utama perdagangan berada di zona merah.

Sektor telekomunikasi mengalami penurunan 2%, sementara saham perawatan kesehatan naik moderat 0,5%.

Indeks Dow Jones Industrial Average yang telah turun sebanyak 74 poin di awal sesi, berakhir turun 40,27 poin, atau 0,2%, di level 18,162.35,

terseret lebih rendah oleh penururunan 5,8% di Travelers Cos. Inc. dan penurunan 2,5% di Verizon Communications Inc.

Sementara itu, indeks Nasdaq Composite turun 4,58 poin, atau 0,1%,

menjadi ditutup pada level 5,241.83, setelah turun sebanyak 30 poin di awal sesi. (Best Profit Futures)

Sumber: MarketWatch