Tokyo stocks ended virtually unchanged, yielding 0.07%

Tokyo stocks ended virtually unchanged on Tuesday (-0.07%), caught between downward pressure related to the strength of the yen and satisfaction related to solid quarterly results and found the stronger than expected for Sales of new homes in the United States.

The Nikkei index closed at 9496.85 points while the broader TOPIX, took 0.03% to 846.12 points.

Home sales in the nine to the United States jumped from 23.6% in June is, in percentage, the stronger rebound since May 1980, reassuring investors about the risk of a relapse of the U.S. economy.

In terms of value, the manufacturer of household products Kao Corp. gained 1.1% to 2.111 yen after the announcement of an increase of 34.6% of its operating profit for the period April to June, to 26.17 billion yen (231 million euros).

In contrast, the continued strength of the yen continues to handicap the exporting groups.

The semiconductor equipment supplier Tokyo Electron, the semiconductor maker Advantest, and the carmaker Honda and decreased from 0.42 to 1.62%.

• Tokyo stocks end down 0.45%
• The Tokyo Stock Exchange declined against the uncertain political climate
• Wall Street ends higher, the Dow gained 0.35%, Nasdaq 0.80%
• The first half of Zurich Financial burdened by provisions
• Nissan contributes to the outcome of Renault for 93 million euros