PT Rifan Financindo Berjangka - Japanese stocks fell, dragged down by declines in retail and pharma shares, as concerns about higher borrowing costs persisted. Fast Retailing fell 6.1% after its first-quarter results. Chugai Pharmaceutical dropped 4.8%.
Seven & I Holdings dropped 1.2% after its third-quarter net profit fell 89% on year and missed analysts’ estimates. USD/JPY was at 158.20, compared with 158.14 at the close of the Tokyo Stock Exchange on Thursday. Investors were closely watching for any comments on the yen’s recent depreciation from Japanese government officials and any developments in U.S.-China trade relations. The Nikkei Stock Average was down 0.9% at 39,245.42. PT Rifan Financindo Berjangka.
Source: Bloomberg
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