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Japan's stocks hurt by stronger yen on Thursday | Japan's stocks hurt by stronger yen on Thursday |
(35 minutes later) | |
Japan's benchmark Nikkei index was one of several stock markets to fall across Asia on Thursday, as the country's big exporters were hurt by a stronger yen. | |
The Nikkei 225 was down 0.96% at 19,115.48 in early trade, while the dollar weakened against the yen. | The Nikkei 225 was down 0.96% at 19,115.48 in early trade, while the dollar weakened against the yen. |
A stronger yen hurts Japan's big exporters as it makes their products more expensive to buy overseas. | A stronger yen hurts Japan's big exporters as it makes their products more expensive to buy overseas. |
Australian stocks were down in early trade despite positive job numbers. | Australian stocks were down in early trade despite positive job numbers. |
The country's jobless rate came in at 5.8% in November, down from 5.9% the month before - the lowest reading since early last year. | The country's jobless rate came in at 5.8% in November, down from 5.9% the month before - the lowest reading since early last year. |
The Australian Bureau of Statistics also said 71,400 new jobs were created for the month, against forecasts for a fall of 10,000. The Australian dollar rose more than 1% against the US dollar on the news. | The Australian Bureau of Statistics also said 71,400 new jobs were created for the month, against forecasts for a fall of 10,000. The Australian dollar rose more than 1% against the US dollar on the news. |
Sydney's S&P/ASX 200 was down 1.64% however at 4,998.10 points, with the country's big lenders dragging on the benchmark index. | Sydney's S&P/ASX 200 was down 1.64% however at 4,998.10 points, with the country's big lenders dragging on the benchmark index. |
Westpac and Commonwealth Bank were both down close to 2.5%, ANZ was down 2.35%, while National Australia Bank was the biggest loser, down more than 3%. | Westpac and Commonwealth Bank were both down close to 2.5%, ANZ was down 2.35%, while National Australia Bank was the biggest loser, down more than 3%. |
In China, investor sentiment was mixed, with the Shanghai Composite index up 0.41% at 3,486.91 , while Hong Kong's Hang Seng was flat, up just 0.05% at 21,813.12. | In China, investor sentiment was mixed, with the Shanghai Composite index up 0.41% at 3,486.91 , while Hong Kong's Hang Seng was flat, up just 0.05% at 21,813.12. |
Korea's benchmark Kospi index was flat, down 0.07% at 1,946.28. | Korea's benchmark Kospi index was flat, down 0.07% at 1,946.28. |