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#1 13-09-2018 05:36:00

Date d'inscription: 10-07-2018
Messages: 209

sts of the use of a wide variety of gizmos, e

TOKYO Fernandinho Jersey , July 28 (Xinhua) -- Tokyo stocks closed lower Friday as a poor showing by the tech-heavy Nasdaq overnight saw domestic technology shares retreat.

Market sentiment was also dented by concerns for the future course of the administration of Prime Minister Shinzo Abe after the resignation earlier in the day of the defense chief in relation to a coverup scandal.

The 225-issue Nikkei Stock Average lost 119.80 points, or 0.60 percent, from Thursday to close the day at 19,959.84.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile Bernardo Silva Jersey , dropped 5.62 points, or 0.35 percent, to finish at 1,621.22.

Securities, air transportation and electric appliance-linked issues comprised those that declined the most by the close of play Leroy Sane Jersey , and falling issues outpaced those that rose by 1,087 to 807 on the First Section.

Local brokers said that tech shares weighed heavily on the market with some market players opting to adjust their positions ahead of the release of U.S. second-quarter gross domestic product data due out later in the day and other economic data from the United States next week.

Traders here also said that recent political turmoil including the resignation of Inada as defense minister, also weighed on the market, with investors concerned about the future of Abe's administration.

They also said that losses were limited by some robust earnings reports from domestic corporations.

On the main section on Friday, 2 Fabian Delph Jersey ,028.09 million shares changed hands, up from Thursday's volume of 1,837.16 million shares.

The turnover on the final day of the week totaled 2,773.5 billion yen (25.00 billion U.S. dollars).

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CAPE TOWN, Aug. 1 (Xinhua) -- South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Tuesday that political uncertainty is to blame for the country's economic woes.

The economic problems facing South Africa "are idiosyncratic and not because of weak global growth", Kganyago told Parliament's Standing Committee on Finance during a briefing on the economic situation in the country.

The global growth is recovering but South Africa has fallen into a recession, Kganyago said, refuting suggestions that South Africa's economic recession was a result of global conditions.

"Domestic response to this world growth is unusually weak and could be suggesting that the problems are idiosyncratic Aymeric Laporte Jersey ," he said.

While the world is growing, South Africa is lagging behind, the governor said.

The current situation was unlike 2009 when South Africa fell into a recession because of the weak global growth, the governor said.

South Africa has entered into a technical recession as its gross domestic product (GDP) contracted 0.7 percent in the first quarter of 2017. The contraction followed the GDP decline of 0.3 percent in the fourth quarter of 2016.

Kganyago suggested that policy uncertainty played a vital part in South Africa's economic recession.

Political uncertainty weighs heavily on investors' confidence, he said.

The governor called for political certainty Ilkay Gundogan Jersey , especially in mining and agriculture which are the only two sectors to have shown growth.

Political certainty is crucial if the recession isn't to deepen, Kganyago warned.

He was apparently referring to the government's intention to transform the mining and agricultural sector by allowing more black shareholding, and to nationalize the SARB which has been independent since its establishment in 1921.

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