Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Japan equities decline at close of trade
On Friday, Japan equities slumped after the close because losses in the Power, Retail as well as Steel sectors put pressure on stocks.
The Nikkei 225 went down 0.03%.
On the Nikkei 225 the best performers were Meidensha Corp., Credit Saison Co. and Toshiba Corp. They rallied respectively 4.88%, 4.43% and 3.61%.
On the contrary, losers were represented by such benchmarks as Yamato Holdings Co, Tokyo Gas Co. and Familymart Ltd. They slumped respectively 6.87%, 3.02% and 2.47%.
Sagging shares outnumbered advancing equities on the Tokyo Stock Exchange by 1706 to 1529, while 254 didn’t change.
Equities in Meidensha Corp. reached 52-week maximums, soaring 4.88% and getting to 430.0. Besides this, stocks in Credit Saison Co., Ltd. edged up to 52-week maximum, gaining 4.43% trading at 2335.0.
The Nikkei Volatility, estimating the implied volatility of Nikkei 225 options, gained 3.12% being worth 14.56.
The currency pair USD/JPY jumped 0.12% trading at 112.43, and EUR/JPY inched up 0.23% trading at 132.67.
The US Dollar Index Futures didn’t change sticking to 92.95.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.