Indexes in Tokyo fell to a four-month low after the missile launch of the DPRK


TOKYO, August 29. /TASS/. Trades on the Tokyo stock exchange opened on Tuesday, the fall of the major indices on the background of the ballistic missiles North Korea, which flew over the territory of the Northern Japanese island of Hokkaido.

The key Nikkei index, reflecting fluctuations of stock prices of 225 leading companies of the country, for the first 15 minutes of operations (at 03:15 GMT) fell by 0.72%, to the level 19470,44 item that is a minimum of the last four months. The broader TOPIX index, reflecting the stock prices of all companies in the luxury of the first section of the exchange, decreased by 0.55% and stood at 1591,30 points.

The main negative factor was another rocket launch in North Korea. In addition to the pressure on the quotes in Tokyo, it also led to the fall of the dollar against the yen, which impacted the shares of exporters.

“Missile launch in North Korea, of course, raised fears about further deterioration of the situation on the Korean Peninsula” – analyst Daiwa Securities Yugo Tsuboi.

In early trading the shares of carmaker Toyota fell by 0.73% and telecommunications Corporation Softbank – 1.39%. Paper Nintendo lost 0,78%.

At the opening of the TFB, the Japanese currency traded at the level 108,72 – 108,73 yen per dollar.

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