Tokyo shares open mixed

Tokyo shares open mixed

Tokyo, Sep 1 (IANS) Tokyo shares opened mixed on Thursday on weak US stocks overnight as well as better-than-expected US wage data for August.

The 225-issue Nikkei Stock Average fell 2.48 points, or 0.01 per cent, from Wednesday to 16,884.92, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 0.42 points, or 0.03 percent, to 1,329. 96.

Gainers were led by banking, and oil and coal product issues, while decliners were led by mining and insurance issues.

Chinese yuan strengthens

Beijing, Sep 1 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 124 basis points to 6.6784 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

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