Japanese video game maker Nintendo cut its annual profit outlook on Wednesday as income-eroding yen strength overwhelmed an earnings bounce from its popular Pokemon GO smartphone game. 220 more words
Tags » Japanese Yen
The Asian stock markets trade today is conducted mainly by rising prices at the background of weakening the Japanese yen against the US dollar, after inflation data in China were better than the economists’ expectations and managed to allay the concerns of investors regarding the performance of the world’s second largest economy.
The Asian stock markets closed today with declines, after the release of data on a sharp fall in exports to China.
Tokyo fell by 0.4%, Hong Kong lost 1.6%, Shanghai was unchanged , Seoul weakened by 0.9% after the country’s central bank kept the interest rates and lowered the inflation forecast of 1% in 2016. 13 more words
The US dollar strengthened yesterday and has reached a two months high, as when he broke a significant resistance level, because of the increasing expectations that the Federal Reserve will raise US interest rates by end of the year. 96 more words