BREAKING NEWS: Nikkei up over 2% on eased fears of U.S. tariff impact on economy
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
4 hours ago
- Business Recorder
Nikkei slips on tech investment concern
TOKYO: Japan's Nikkei share average slid on Friday, dragged lower by chip-related stocks on concerns about continued investments by major tech players. Shortly before Asian markets opened, US President Donald Trump slapped dozens of trading partners with steep tariffs, further damping demand for risk assets. Tech heavyweight Tokyo Electron plunged 18%, the most in almost a year, after the chip equipment maker slashed its profit forecast, citing changes in spending plans by semiconductor companies. Chip-testing equipment maker Advantest dropped 1.3%. The Nikkei 225 Index closed 0.6% lower, capping off a weekly decline of 1.6%. The broader Topix edged up 0.2%, largely on the back of gains in utility stocks. US shares slid overnight, with artificial intelligence-related companies such as Nvidia weighing on the PHLX semiconductor index. 'Semiconductor-related stocks with high price-to-book ratios started with a selling bias,' said Maki Sawada, an equities strategist at Nomura Securities.
Nikkei Asia
5 hours ago
- Nikkei Asia
Foreign entrepreneurs fuel innovation in Kyoto
Number of funded startups in Kyoto nearly doubled to 79 last year from 44 in 2014, according to a report by Initial Inc., a Japanese startup information platform. (Photo by Toshiki Sasazu) Nikkei staff writers TOKYO -- Foreign entrepreneurs are blending tradition and technology in Kyoto, as Japan seeks to attract international talent and boost its startup ecosystem. The nascent trend suggests a model for how traditional industries can find new relevance through technological integration.
The Market Online
8 hours ago
- The Market Online
@ the Bell: Canadian markets slide under new tariffs
Canada's top stock index declined on Friday as investors reacted to US President Donald Trump's newly announced tariff measures, which target Canada and numerous other countries. Market sentiment was further dampened by the updated tariffs, which took effect at the August 1st deadline. These duties now range from 10 per cent to 41 per cent. Goods also rerouted through third countries to bypass the tariffs will be hit with an extra 40 per cent levy, according to the White House. The biggest shock to markets was the increase in tariffs on Canadian imports—rising to 35 per cent from the previous 25 per cent—despite Canada being one of the US's largest trading partners. US stocks also came under pressure as August trading began, with investors grappling with signs of economic slowdown and the implications of Trump's revised tariff policy. Tech stocks were particularly hard hit. Amazon (NASDAQ:AMZN) shares plunged more than 8 per cent after the company issued weaker-than-expected operating income guidance for the current quarter. Apple (NASDAQ:AAPL) also saw its stock fall 2.5 per cent, despite reporting better-than-expected earnings and revenue. The July jobs report showed non-farm payrolls expanded by just 73,000 in July. The Canadian dollar traded for 72.48 cents US compared to 72.19 cents US on Thursday. US crude futures traded US$1.98 lower at US$67.28 a barrel, and the Brent contract lost US$2.16 to US$69.54 a barrel. The price of gold was up US$62.01 to US$3,359.93. In world markets, the Nikkei was down 270.22 points to ¥40,799.60, the Hang Seng was down 265.52 points to HK$24,507.81, the FTSE was down 64.23 points to ₤9,068.58, and the DAX was down 639.50 points to €23,425.97. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
