Nikkei reverses course to end higher as yields fall sharply, yen weakens
Japan's
Nikkei share average
reversed early declines to end higher on Tuesday, as a weaker yen and falling yields on super long-dated bonds lifted sentiment.
The Nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the session.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
CFDco IA: gana hasta $2,700 a la semana trabajando desde casa
Digital Group
Prueba ahora
Undo
The broader Topix rose 0.64% to 2,769.49.
Yields on
Japanese government bonds
(JGBs) fell sharply, extending declines, after Reuters reported that Japan would consider trimming the issuance of super-long bonds in the wake of recent sharp rises in yields for the notes.
"The market's attention is more on JGB yields now, rather than
stocks
, and the decline in yields on super-long bonds supports sentiment for
equity
investors," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
Live Events
The yields on super-long bonds surged to record levels last week, after a weak auction of the 20-year bonds and on concerns about political jockeying over a government stimulus program.
The yen also weakened against the dollar - which typically tends to boost
shares
of local firms, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan.
Technology investor SoftBank Group rose 2.23%, becoming the biggest boost for the Nikkei.
Shares of staffing agency Recruit Holdings rose 1.88%, while game-maker Sony also advanced 1.84%.
Chip-making equipment maker Tokyo Electron fell 0.69% to drag the Nikkei the most.
Drugstore operator Tsuruha Holdings trimmed its early losses to rise 0.53% after shareholders approved its merger with Welcia Holdings, despite opposition from U.K.-based
fund
Orbis Investment.
On the Tokyo Stock Exchange's prime market, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 minutes ago
- Time of India
Stablecoin firm Circle scales record high after blockbuster NYSE listing
Stablecoin issuer Circle Internet 's shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The New York-based company's stock touched as much as $117.45, more than triple its offer price of $31 and valuing the company at $30.5 billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What to Know Before Buying Health Insurance in 2025 Search7 Learn More Undo "This is big enough that it extends beyond crypto ," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. Wall Street executives also struck an optimistic tone on Thursday at an industry conference, emphasizing that markets were ready for the right companies. Live Events NYSE President Lynn Martin said Circle's IPO was a bellwether for the IPO market this year and not just for crypto listings. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Investors are also realizing that the uncertain environment is going to be relatively persistent and focusing on putting their dollars at work, Nasdaq CEO Adena Friedman said. "This is the latest sign of building momentum in the IPO market. We'll likely continue to see moderate activity over the next month, but there is still some tariff uncertainty on the horizon, which is why we're expecting more of a full IPO rebound in the fall," Kennedy said. Digital banking startup Chime is poised to go public in New York next week. Sixth Street-backed cancer diagnostic firm Caris Life Sciences, private equity-backed debt buyer Jefferson Capital and Florida-based Slide Insurance have also joined the IPO pipeline in recent weeks.
Time of India
28 minutes ago
- Time of India
Canada's jobless rate hits 7% — worst since 2016, and Mark Carney may be feeling the political heat already
Canada's labour market was hit once again in May as the unemployment rate climbed to 7%, its highest since 2016, excluding pandemic years, as per a Statistics Canada report . It's the third consecutive month of increasing unemployment and shows that 1.6 million Canadians were jobless in May, rising 13.8% from a year ago, as per the report. Canada's Employment Stalls Again The economy added just 8,800 more jobs in May, and the employment rate held steady at 60.8%, as per Statistics Canada. Statistics Canada mentioned, "Overall, there has been virtually no employment growth since January, following strong gains from October 2024 to January 2025." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Fewer Job Seekers Finding Work As per the report, only 22.6% of the unemployed people in April got employed in May, while it was 24% a year ago. Statistics Canada said, "This indicates that people are facing greater difficulties finding work in the current labour market." The report also revealed that almost half, 46.5%, of people unemployed in May had been jobless since last year or had never worked. This has increased from 40.7% in May 2024, as per the report. Core-Aged Women Gain, Men Lose Jobs The data also showed that employment among women of the age group of 25 years to 54 years increased by 42,000, but among the men of the same age group, it dropped by 31,000, reported Statistics Canada. Employment was little changed for youth and people aged 55 years and older. Live Events Mixed Results by Industry Statistics Canada pointed out that employment dropped in public administration by 2.5% and accommodation and food services by 1.4%. Transportation and warehousing fell by 1.4% and business, building and other support services by 2.1%, as per Statistics Canada. While the report also found that employment increased in wholesale and retail trade by 1.5%, per Statistics Canada. Information, culture and recreation rose by 2.3%, finance, insurance, real estate, rental and leasing by 0.8% and utilities by 3.1%, as per Statistics Canada. FAQs How many people are unemployed now? 1.6 million Canadians were unemployed in May, according to Statistics Canada. Who's being affected the most? Core-aged men (25 to 54) lost 31,000 jobs in May, while long-term unemployment is also increasing.
Time of India
40 minutes ago
- Time of India
Nirmal Krishna deposit fraud: Home department directs Kinfra to return land to woman entrepreneur
Thiruvananthapuram: The home department by an order on Friday directed Kinfra to return the 50-cent land to a woman entrepreneur Usha Umesh, 53, from whom the land was seized by the key accused in the Nirmal Krishna deposit fraud. Until a few years ago, Umesh was operating Pooja Garments on the land at Kinfra Park, but the accused K Nirmalan evicted her using fraudulent methods. He then took over the land and the 54,000 sq ft building at the park by flouting all norms. The accused then reportedly paid Rs 89 lakh as a lease premium for the land to Kinfra. The land and factory are currently owned by one Sreejith, a close aide of Nirmalan and an accused in the deposit fraud. The order issued by the home department also directs Kinfra to remit the lease premium of Rs 89 lakh to Banning of Unregulated Deposit Schemes (Buds) Act, Authority, which initiated recovery proceedings against the accused. The fraud came to light when the authority legally attached the land and factory owned by the accused in the Nirmal Krishna fraud, as the woman submitted proof of ownership of land and factory. As per the Buds Act, the authority has no power to attach a third-party property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Azioni USA fino a 1€ BG SAXO Scopri di più Undo Buds Authority later revoked the attachments, directing Kinfra to pay the lease premium paid by the accused to reimburse the depositors who lost money in the deposit fraud. "Kinfra leased out the land to Nirmalan when it was already owned by me. Kinfra could not produce the pact when it was sought through an RTI query. Now I am happy that the department directed Kinfra to give my land back," said Umesh. She may need to pay some premium amount to enter into a new pact with Kinfra, it was learned. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
