Japan stocks mixed on Brexit shock, stimulus expected

Japanese shares were mixed Tuesday as market sentiment was hurt by heavy overnight losses on Wall Street and in European equities, following last week’s British vote to leave the European Union.

The benchmark Nikkei 225 Stock Average gained 13.93 points, or 0.09 per cent, to end at 15,323.14 after falling as much as 2.1 per cent in the morning. The index rose 2.39 per cent Monday.

After a weak start, the Nikkei bounced back in the afternoon amid expectations of government economic stimulus measures and more monetary easing by the Bank of Japan, the Nikkei business daily reported, citing traders.

The broader Topix index was down 1.14 points, or 0.09 per cent, to close at 1,224.62 after gaining 1.77 per cent Monday.

Last update: Tue, 28/06/2016 - 11:57
Author: 

More from Business

Sky accepts 18-billion-pound takeover bid by 21st Century Fox

The board of British broadcaster Sky has accepted a takeover bid worth some 18 billion pounds (22.6 billion dollars...

Pilots resume negotiations with Lufthansa in long-running pay battle

Pilots working for Germany's flagship airline, Lufthansa, have returned to the negotiating table with their...

One third of big Australian companies pay no tax, tax office says

More than a third of the largest companies in Australia paid no tax in the previous financial year, according to...

Frankfurt airport test-runs new automatic immigration system

Frankfurt airport was testing out a new automatic immigration system on Thursday, the first time such a system has...

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...