Japan's Nikkei slips 0.88%
The Japanese benchmark Nikkei 225 slipped 335 points or 0.88 percent to close at 37,793.00. The day's trading range was between 37,621 and 37,863.5. Taiyo Yuden gained 6.8 percent followed by Aozora Bank that gained 5.8 percent. Haseko, Keisei Electric Railway and Yokohama Rubber, all rallied more than 4 percent. Rakuten plunged 8.8 percent. Sumitomo Dainippon Pharma also lost 6 percent. Eisai slipped 5.5 percent followed by Mitsubishi Materials Corp and Dai-chi Life that declined more than 4 percent.Powered by Capital Market - Live News
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Time of India
an hour ago
- Time of India
Japan's Fujitsu General to transfer power modules biz to India's LTSCT for ₹118.34-crore
NEW DELHI: Japan's Fujitsu General is transferring its power modules business to India's L&T Semiconductor Technologies Limited (LTSCT) for about 2 billion yen (~₹118.34 crore), as the former's Fujitsu General Electronics subsidiary consolidates its portfolio. Fujitsu will transfer the production facilities related to the power modules business to Bengaluru-headquartered Kaynes Semicon , which will, in turn, manufacture these products for LTSCT. 'Fujitsu General Limited…resolved at its board of directors meeting held on June 9, 2025, to transfer the (power modules) business to L&T Semiconductor Technologies Limited…and transfer the production facilities related to the business to Kaynes Semicon Private Limited, one of LTSCT's manufacturing contractors,' the Japanese firm said in a statement Monday. The company said it is transferring the business as part of a "portfolio transformation of the electronic device business in line with strengthening the company group's business foundations". Consequently, Fujitsu said it will record an extraordinary gain of 2 billion yen in the first consolidated fiscal quarter of 2025, ending March 31. As per media reports in 2024, Larsen & Toubro has invested more than $300 million to create its fabless chip company, LTSCT, joining efforts by other Indian conglomerates in the booming semiconductor industry. News agency PTI had reported that L&T chip unit expects to commence manufacturing of in-house designed products in the next two years. Prime Minister Narendra Modi's government in September last year approved Kaynes' proposal to set-up a semiconductor unit in Sanand, Gujarat, with an investment of ₹3,300 crore. Once operationalised, the plant will have a capacity of 60 lakh chips per day.
Time of India
an hour ago
- Time of India
Japan expands missile capabilities amid China tensions, Trump administration uncertainty
Japan displays missile power near China and US bases On Okinawa's hilltops, Japan's new missile regiment is making its presence known. The Japanese Ground Self-Defense Force's Seventh Regiment has deployed mobile anti-ship missiles in full view of both regional adversaries and American allies. This strategic visibility is part of a broader military buildup aimed at countering China's naval expansion near Japanese waters. The regiment, established a year ago, is one of two new missile units stationed along Japan's southwestern islands. Their Type-12 ship-killing missiles, mounted on mobile trucks, are positioned to both deter aggression and signal Japan's growing capabilities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Are you from India? The Prices of Solar Panels Might Surprise You Search | Solar Panels Also read: Chinese brinkmanship challenges Japan and US in East China Sea, Liaoning aircraft carrier sends its fighters near disputed islands Colonel Yohei Ito, commander of the Seventh Regiment, said the armament is intended to act as a deterrent. While directed at Beijing's increasingly assertive navy, the display also serves as a message to the United States, particularly amid uncertainty surrounding the foreign policy direction of President Donald Trump. Live Events Japan aims to bolster US alliance through military modernization Japan's government views its defense buildup as essential to strengthening the US-Japan alliance . Tokyo is negotiating a tariff-lifting agreement with Washington while emphasizing its role as a reliable security partner. During recent talks in Washington, Japanese trade envoy Ryosei Akazawa held discussions with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. The strategy includes acquiring US-made systems such as the F-35B stealth fighter and Tomahawk cruise missiles. These weapons mark a significant shift, giving Japan the capacity to strike targets beyond its borders for the first time since World War II. Japan is also investing in its domestic defense industry, showcasing new technologies such as hypersonic missiles and drone-interception lasers at recent defense expos. Nobukatsu Kanehara, a former deputy head of Japan's national security policy, said enhancing Japan's conventional military power is a key method to ensure continued American support. Also read: Hegseth says US will stand by Indo-Pacific allies against 'imminent' threat of China Japan seeks greater integration with US command structure To further integrate with the US military, Japan plans to establish a new 'war-fighting headquarters' in Tokyo. During a spring visit, US Defense Secretary Pete Hegseth endorsed the idea, highlighting the benefits of side-by-side command coordination between American and Japanese forces. Japanese Defense Minister Gen Nakatani stressed that the country faces its most challenging security environment since World War II. This includes threats from China and North Korea, both of which continue to expand their missile and nuclear capabilities. Japanese policymakers are urging the United States to reaffirm its extended deterrence, including the possible visible deployment of tactical nuclear weapons in the region. Koichi Isobe, a retired lieutenant general, noted that nuclear deterrence remains central to Japan's defense posture. Japan broadens security partnerships beyond the United States While Tokyo continues to prioritize its alliance with the US, it is also diversifying security ties. Japan is developing a next-generation fighter aircraft in collaboration with Britain and Italy. In the Indo-Pacific, Japan has deepened cooperation with Australia, offering advanced frigates and participating in joint military exercises in the Philippines. These moves reflect Japan's effort to hedge against possible shifts in US foreign policy, particularly under isolationist or unpredictable leadership. Experts warn that a strategic deal between the US and China could alter the power balance in Asia, potentially sidelining Japan. Also read: China warns USA over Taiwan: Is Beijing looking for Russia-like invasion? Satoru Mori, a professor at Keio University in an interview with The New York Times emphasized the importance of convincing American leaders that Japan is a vital strategic ally. Although Japan has long abstained from nuclear weapons, it holds significant quantities of plutonium from its civilian energy program, which could support a nuclear deterrent if security guarantees erode. For now, Japan's approach remains focused on reinforcing its military capabilities and deepening cooperation with the United States.
News18
7 hours ago
- News18
Stock Market Updates: GIFT Nifty Signals Gap-Up Open For Sensex, Nifty
Last Updated: Stock markets today are expected to take cues from global market trends, with additional influence from stock-specific triggers Sensex Today: Stock markets today are expected to take cues from global market trends, with additional influence from stock-specific triggers, rising Covid-19 cases, foreign investor flows, and IPO activity. At 8:25 AM, GIFT Nifty futures were trading 80 points higher at 25,177. Global Cues Asian markets were trading in the green on Monday as investors looked ahead to trade talks between Washington and Beijing scheduled for later in the day. Japan's Nikkei 225 was up 0.95 per cent, while South Korea's Kospi rose 1.73 per cent. Australian markets are closed today for a public holiday. On the economic data front, Japan's GDP for the January-March quarter showed the economy contracted at a slower pace than earlier estimates. GDP shrank at an annualised rate of 0.2 per cent, compared to an initial estimate of a 0.7 per cent contraction. Meanwhile, China will report its consumer and wholesale inflation data for May today. According to a Reuters poll, China's consumer prices are expected to have declined 0.2 per cent year-on-year, while the producer price index is projected to have fallen by 3.2 per cent from a year ago. In the US, major indices closed higher last Friday as stronger-than-expected non-farm payroll data eased concerns of an economic slowdown. US payrolls rose by 139,000 in May, surpassing the Dow Jones estimate of 125,000. In the commodities market, gold prices declined by more than 1 per cent on Friday following the upbeat US jobs report. Spot gold was down 1.1 per cent at $3,316.13 an ounce, while US gold futures fell 0.8 per cent to $3,346.60. First Published: June 09, 2025, 09:07 IST News business » markets Stock Market Updates: GIFT Nifty Signals Gap-Up Open For Sensex, Nifty
