Nikkei Closes Lower Amid Concerns Over Trump’s Expected Cabinet Nominees
By
Ronnie Harui, Dow Jones Newswires
Japan’s Nikkei Stock Average fell 0.4% to close at 39376.09, reversing earlier gains amid concerns over U.S. President-elect Trump’s expected cabinet nominees.
Trump is likely to nominate Florida’s Senator Marco Rubio as the next Secretary of State, the Wall Street Journal reported, citing people familiar with Trump’s thinking. Rubio is widely perceived as a hawk on China, Iran and Cuba.
Among worst performers on the benchmark index, Yakult Honsha slid 8.9%, Lasertec dropped 4.4%, and Trend Micro lost 4.2%. Recruit Holdings rose 3.8% after it raised its FY revenue and net-profit views. USD/JPY was at 153.65, compared with 153.53 as of Monday’s Tokyo stock market close. JGB 10-year yield was up 0.5bp at 1.000%.