Tokyo stocks open lower after BOJ survey

Tokyo, April 1 (IANS) Tokyo stocks opened lower on Friday after the Bank of Japan’s (BOJ) Tankan survey, which reveals sentiment among the nation’s big manufacturers, worsened in March.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 222. 69 points, or 1.33 percent, from Thursday to 16,535.98.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 20.28 points, or 1.51 percent, to 1,326. 92.

As of just after the opening bell, all industry categories on the main section retreated into negative territory, comprised by air transportation, land transportation, and pharmaceutical-linked stocks.

Chinese shares open lower

Beijing, April 1 (IANS) Chinese stocks opened lower on Friday, with the benchmark Shanghai Composite Index down 0.23 percent, at 2,997.09 points.

The smaller Shenzhen index opened 0.43 percent lower at 10,410.68 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, lost 0.67 percent to open at 2,223.38 points.

Chinese yuan strengthens against USD

Beijing, April 1 (IANS) The central parity rate of the Chinese yuan strengthened 27 basis points to 6.4585 against the US dollar on Friday, 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 percent 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.

Qatar signs $8.95 billion arms deals

Doha, April 1 (IANS) Qatar signed 19 major arms deals worth $8.95 billion at the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2016), the media reported on Friday.

The transactions included eight Memoranda of Understanding (MoU) inked on Thursday to supply Qatari Armed Forces with important maritime equipment valued at 1.29 billion Qatari riyals (QR), Xinhua news agency quoted authorities as saying.

They also included consolidation of a deal of 24 French Dassault Rafale fighters worth on Tuesday, as well as 10 MoU signed on Wednesday with international companies for arming and developing the Armed Forces.

Dimdex 2016 has attracted about 9,000 visitors and official VIP delegations from over 60 participating countries.

During the three days event which concluded on Thursday, international and local exhibitors took full advantage of the opportunity to present the latest maritime defence technology to buyers, build business connections, discuss the latest trends in the industry and secure deals.

The Qatari Armed forces inked 40 deals worth almost $23 billion during the previous edition of DIMDEX held in 2014.

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