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Monday, June 27, 2016

Japanese stocks turned negative

Japanese stocks turned negative again in the context of ongoing instability Proposed referendum on United Kingdom membership of the European Union.


After short day hike Monday, 6/27, the Nikkei 225 fell back 1.2% of the first session was 15,112.22 points Tuesday, 06.28.
Because the yen remains strong, Japanese exporters suffer.
Due remains concerned about the impact of the Proposed referendum on United Kingdom membership of the European Union, investors see the yen as a safe shelter, causing the currency surged.
Any increase of the yen would make Japanese goods more expensive abroad, causing damage to the prospect of Japanese exports.
Today Monday, 06/27, Tokyo tried to reassure by promising to take action if needed to control the yen.
Profitable car maker Toyota, Nissan and Honda - all have plants in the UK - has lost about 2%.
Other exporters such as Sony, Hitachi, Panasonic and Yamaha also saw losses in trading Tuesday 28/6.
European stocks, the UK and the US were heavy losses yesterday 27/6 by British economic future increasingly uncertain.
Britain has now lost the top credit rating of AAA.

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