Investing.com – Asian stocks were mixed on Tuesday, with Japanese exporters leading declines, as the strong yen continued to weigh on Japan’s export-driven economy.
Hong Kong's Hang Seng Index was up 0.19%; South Korea's Kospi Composite shed 0.26%; and Japan’s Nikkei 225 Index fell 0.81%.
Earlier in the day, the Bank of Japan announced that it decided to keep its benchmark interest rate unchanged at 0.10%, in line with expectations. However, the central bank held off on introducing further measures designed to curb the yen’s recent gains in the currency market.
In Japan, exporters led loss makers, as shares in Nintendo Co., the world’s largest maker of video-game consoles, shed 0.97%, electronics giant Sony fell 0.63%, while stocks in camera maker Canon dropped 0.55%.
Stocks in automakers were also on the decline, as Nissan Motors, which gets more than 70% of its revenue abroad, dropped 1.76%, Honda Motors declined 1.40%, while Toyota Motors fell 0.64%.
Meanwhile, real estate developer Tokyo Tatemono rose 3.24% and Nippon Electric Glass rose 1.41% on news they would be included in the Nikkei 225 Share Average, while Clarion shares plunged 9.25% as it was removed from the index.
In the commodity sector, crude oil prices declined 0.35% to hit USD 73.83 a barrel.
The outlook for European equity markets, meanwhile, was downbeat: EURO STOXX 50 futures indicated a drop of 0.62%, France’s CAC 40 futures pointed to a decline of 0.64% and Germany's DAX futures indicated a loss of 0.40%.
Earlier in the day, official Japanese data showed that its index of leading indicators fell more-than-expected in July.
Hong Kong's Hang Seng Index was up 0.19%; South Korea's Kospi Composite shed 0.26%; and Japan’s Nikkei 225 Index fell 0.81%.
Earlier in the day, the Bank of Japan announced that it decided to keep its benchmark interest rate unchanged at 0.10%, in line with expectations. However, the central bank held off on introducing further measures designed to curb the yen’s recent gains in the currency market.
In Japan, exporters led loss makers, as shares in Nintendo Co., the world’s largest maker of video-game consoles, shed 0.97%, electronics giant Sony fell 0.63%, while stocks in camera maker Canon dropped 0.55%.
Stocks in automakers were also on the decline, as Nissan Motors, which gets more than 70% of its revenue abroad, dropped 1.76%, Honda Motors declined 1.40%, while Toyota Motors fell 0.64%.
Meanwhile, real estate developer Tokyo Tatemono rose 3.24% and Nippon Electric Glass rose 1.41% on news they would be included in the Nikkei 225 Share Average, while Clarion shares plunged 9.25% as it was removed from the index.
In the commodity sector, crude oil prices declined 0.35% to hit USD 73.83 a barrel.
The outlook for European equity markets, meanwhile, was downbeat: EURO STOXX 50 futures indicated a drop of 0.62%, France’s CAC 40 futures pointed to a decline of 0.64% and Germany's DAX futures indicated a loss of 0.40%.
Earlier in the day, official Japanese data showed that its index of leading indicators fell more-than-expected in July.