Japanese shares continue to gain amid Brexit turmoilJune 28, 2016 - 09:54 AMT PanARMENIAN.Net - Japanese shares on Tuesday, June 28 continued to roll back losses from last Friday's sharp post-Brexit tumble, according to BBC News. After initial losses in morning trade, the Nikkei 225 index continued to build on Monday's gains and was up by 0.5% to 15,387.99 points. With the yen remaining strong, Japanese exporters though continued to suffer. As investors remain on edge over the possible fallout from Brexit, they are flocking to the yen as a safe haven, driving the currency higher. Any rise in the yen will make Japanese goods more expensive abroad, hurting the prospect of the country's crucial export sector. On Monday, the government in Tokyo had tried to reassure by promising it would take action if needed to rein in the yen. Carmakers Toyota, Nissan and Honda - all of which have production sites in the UK - were all down on Tuesday. Other exporters like Hitachi, Panasonic or Yamaha have also all seen losses in Tuesday trade. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Mirzoyan says meeting with Bayramov was “constructive” At the moment, Ararat Mirzoyan said, there is no basis for additional comments. OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. 151 detained as civil disobedience campaigns continue in Yerevan Citizens have been blocking streets in the Armenian capital, demanding Nikol Pashinyan’s resignation. France welcomes Armenia-Azerbaijan meeting in Almaty France has welcomed the new round of negotiations between the foreign ministers of Armenia and Azerbaijan. |