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TOKYO, Sept. 22 (Xinhua) -- Tokyo stocks lost ground Friday morning as earlier gains were erased by renewed geopolitical concerns as tensions mounted following a rise in hostilities on issues pertaining to the Korean Peninsula.
The 225-issue Nikkei Stock Average lost 58.12 points, or 0.29 percent, from Thursday to 20,289.36.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 5.05 points, or 0.30 percent, to 1,663.69.
In times of geopolitical uncertainty, investors tend to switch out of riskier assets like stocks and into safe havens like the Japanese yen, which pushes its value up against a basket of other major currencies, brokers here said.
They added that a strong yen, however, drags down exporter issues with a heavy exposure to overseas markets as they become less competitive and profits outlooks diminish and yields shrink when repatriated on unfavorable exchange rates.
Iron and steel, nonferrous metal and mining-related issues comprised those that declined the most by the morning break.
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Participants attend the 2017 National Governance Forum in Beijing, Sept. 21, 2017. This year’s forum was jointly held by China’s Counsellors’ Office of the State Council and General Administration of Quality Supervision, Inspection and Quarantine. Xinhuanet organized this year’s event. (XinhuanetChen Jie)
BEIJING, Sept. 22 (Xinhuanet) -- Members of the political, academic and business communities gathered in Beijing Thursday to shed light on improving the?quality?of?goods?and?services, and fostering economic growth in China.
The 2017 National Governance Forum, themed "Entering the era of quality", attracted more than 400 participants.
Speakers unanimously highlighted the role of sci-tech innovation, craftsman spirit, and supply-side structural reforms in boosting the quality of Chinese products.
Wan Gang, Chinese Minister of Science and Technology, said that China’s sci-tech innovation is experiencing a?transformation "from quantity to quality."
He called for upholding the idea of “putting quality first” in sci-tech innovation, and giving top priority to “quality” while implementing the strategy of innovation-driven development in the country.
Xu Xianping, counsellor of the State Council, echoed Wan’s view that technological innovation is the most important impetus to quality?improvements in goods and services.
“Craftsman spirit is the second powerful sword,” he added, urging companies to uphold the entrepreneurial spirit and craftsman spirit, and improve their quality management and core competitiveness through brand-building.
Apart from the role of innovation and craftsman spirit, speakers attending this forum also put emphasis on supply-side structural reforms.
The main constraint that affects China's economic development is the supply-demand imbalance, especially the insufficient supply of high-end products and services, said Hou Jianguo, vice director of General Administration of Quality Supervision, Inspection and Quarantine.
Hou said companies, especially small and medium sized companies, play an important role in providing. Cheap Wholesale Jerseys Cheap Jerseys Free Shipping Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Sports Jerseys Wholesale Jerseys Online Wholesale Jerseys Cheap Soccer Jerseys China Cheap Jerseys China Online Cheap Jerseys China Online