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November 3 - U.S. auto safety regulators are investigating potential defects in some Tesla (TSLA.O) door handles. The National Highway Traffic Safety Administration (NHTSA) launched its investigation just days after which consumer complaints surged, primarily reflecting battery malfunctions rendering the exterior door handles unusable. Owners of Teslas best-selling Model Y have reported door handle failures due to low battery voltage, with some cases resulting in children being locked inside the vehicle.November 3rd - Its worth noting that this policy announcement coincides with intensified competition between bulls and bears in the gold market. "Rising tax costs may further exacerbate short-term selling pressure from speculative funds," a precious metals trader noted. Some investors who had previously stockpiled gold in anticipation of price increases may choose to cash out early, while new entrants may reduce leverage due to tax concerns, potentially leading to a tightening of market liquidity in the short term. "Assuming you buy 1 million yuan worth of gold bars and sell them after holding them for a period, if the gold price increase is less than 13%, youll actually lose money after deducting taxes," the trader cautioned. Short-term speculators should be cautious, and long-term holding or using tools like gold ETFs can help avoid some tax burdens. For gold jewelry consumers, daily purchases will be almost unaffected, but the premium on "pseudo-investment gold" may narrow. Furthermore, the policy is not restricting gold investment, but rather regulating its path. In the long run, it will help deflate the market bubble. Funds will be more inclined to allocate to highly liquid standard gold or gold ETFs, rather than high-premium non-investment products.On November 3, the OPEC Secretariat announced that it had received updated compensation plans from Russia, Iraq, the UAE, Kazakhstan, and Oman to make up for overproduction, with a timeline covering the period from last month to June 2026.US Treasury Secretary Bessenter: We will study how to resume negotiations with Canada.U.S. Treasury Secretary Bessenter: Some sectors of the economy are in recession.

Japan Stocks Declined at The Market Close; The Nikkei 225 Fell 0.16 Percent

Aria Thomas

Jun 02, 2022 15:55

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As a result of declines in the Mining, Power, and Precision Instruments sectors, Japan's stock market closed Thursday down.


At the end of trading in Tokyo, the Nikkei 225 decreased 0.16 percent.


Taiyo Yuden Co., Ltd. (TYO:6976) had the greatest performance on the Nikkei 225 during the session, gaining 6.04 percent of 320.00 points to close at 5,620.00. In late trading, Mitsubishi Motors Corp. (TYO:7211) rose 3.32 percent, or 13.00 points, to close at 404.00, while Ricoh Co., Ltd. (TYO:7752) rose 2.77 percent, or 31.00 points, to 1,149.00.


Fujitsu Ltd. (TYO:6702) had the poorest performance during the session, falling 4.44 percent or 870.00 points to close at 18,705.00. Astellas Pharma Inc. (TYO:4503) fell 4.09 percent or 86.00 points to conclude the day at 2,017.00, while Sony Corp (TYO:6758) fell 3.19 percent or 395.00 points to 11,975.00.


On the Tokyo Stock Exchange, declining equities exceeded advancing ones by 2100 to 1401, with 251 ending unchanged.


Nikkei Volatility, which measures implied volatility of Nikkei 225 options, decreased 1.26 percent to 19.56, a fresh one-month low.


The price of a barrel of crude oil for delivery in July fell 1.91 percent, or $2.20, to $113.06. Brent oil for August delivery declined 1.79 percent, or $2.08, to $114.21 per barrel, whilst the August Gold Futures contract increased 0.30 percent, or $5.60, to trade at $1,853.30 per troy ounce.


EUR/JPY increased 0.16 percent to 138.75, while USD/JPY declined 0.15 percent to 129.91.


At 102.32, US Dollar Index Futures were down 0.21 percent.