Dollar changes hands in upper 106 yen range in early trade in Tokyo

08:45, October 07, 2019

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  Tokyo stocks open lower on higher yen

  File photoTokyo stocks opened lower on Friday as a higher yen against the dollar weighed on the market following a rally on Wall Street sparked by expectations of more rate cuts.The benchmark Nikkei 225 index was down 0.10 percent or 20.49 points at 21,321.25 in early trade, while the broader Topix index was down 0.29 percent or 4.61 points at 1,564.26."Despite rebounds on the US stock market for the first time in the past three sessions, a higher yen is capping the upside" in Tokyo, Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a note.The dollar fetched 106.86 yen in early Asian trade, little changed from106.87 yen in New York but lower than 107.18 yen in Tokyo on Thursday.In Tokyo, banks were lower with Mitsubishi UFJ Financial trading down 1.21 percent at 535.3 yen and Sumitomo Mitsui Financial down 0.95 percent at 3,633 yen.Pharmaceuticals also sank, with Takeda Pharmaceutical trading down 1.03 percent at 3,645 yen and Daiichi Sankyo down 0.74 percent at 6,526 yen.On Wall Street, the Dow ended up 0.5 percent at 26,201.04.

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  China unveils new H-6N bomber with extended range, extra capabilities

  Chinas latest H-6N bombers fly in formation across the sky above Tiananmen Square in Beijing during the National Day parade on October 1, 2019. （Photo: CCTV）China’s latest bomber, the H-6N with refueling capability, made its debut at the National Day parade in Beijing on Tuesday, and Chinese military analysts said that the new bomber’s ability to take aerial refueling can give it a much longer operational range compared to its predecessor H-6K.Three H-6N bombers flew above Tiananmen Square during the parade.The new H-6N with refueling capability is believed to be the latest entry to the H-6 bomber family, with many improvements made to its predecessor H-6K, including an in-flight fuel-receiving probe on the nose of the aircraft, military observers said.This probe will allow the H-6N with refueling capability to conduct aerial refueling, significantly extending its operational range and expanding weapons load, Wei Dongxu, a Beijing-based military analyst, told the Global Times.The H-6N with refueling capability is capable of launching more powerful missiles, Yang Chengjun, a Chinese missile expert and quantum defense scientist, told the Global Times.

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  Chinese-built Benguela Railway handed over to Angola

  Angola,.Benguela.Railway,.