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Business Standard
a day ago
- Business
- Business Standard
Nikkei advances 0.80%
Japanese markets snapped a three-day losing streak as the yen weakened, and investors hoped that U.S. President Trump's tech blockade on China will spring a leak. The Nikkei average jumped 0.80 percent to 37,747.45 while the broader Topix index settled 0.51 percent higher at 2,785.13. Advantest climbed 1.9 percent and Screen Holdings rallied 2.2 percent after AI rally frontrunner Nvidia ed a chip-based market advance on Wall Street overnight. Toyota Industries Corp plummeted almost 12 percent after a privatization by Capital Market - Live News
Business Recorder
a day ago
- Business
- Business Recorder
Japan's Nikkei surges on trade deal hopes lift tech; Toyota Industries slides
TOKYO: Japanese stocks snapped a three-session skid on Wednesday after the yen weakened and hopes rose for a potential trade deal that could reopen the technology markets with China. The benchmark Nikkei 225 Index closed 0.8% higher, while the broader Topix added 0.5%. Gainers outnumbered decliners on the Nikkei, with 138 stocks advancing versus 82 ending in the red. Chip sector heavyweights Advantest and Disco rose 1.9% and 1.2%, respectively, following US tech shares' overnight gains. Nintendo jumped 3.4% ahead of the debut of its much-anticipated Switch 2 console on Thursday. Nvidia and other chipmakers drove gains in US stocks overnight ahead of the talks between US President Donald Trump and China's leader Xi Jinping this week to address tariff and trade disputes that have roiled global markets. The trend of rising semiconductor stocks spread to the Japanese stock market on the day along with hopes of progress in trade talks, Wataru Akiyama, a strategist at Nomura Securities, said. 'Semiconductor-related shares are on the rise due to expectations of strong results stemming from chip demand centred around AI.' The yen was little changed at 143.94 per dollar, after a 0.9% slide on Tuesday, benefiting exporters. Japan's Nikkei bounces as US tariff fears ease, yen softens The United States is expecting countries to make their best offers on trade negotiations by Wednesday as sweeping tariffs loom. However, Japan has not received a letter from the US seeking its best proposals on trade talks, Chief Cabinet Secretary Yoshimasa Hayashi said. Toyota Industries slid 12% after Toyota Motor said it would take the forklift maker private in a $33 billion deal, much lower than the amount indicated in earlier media reports. Toyota Motor's shares climbed 1.9%. The largest percentage gainers on the Nikkei were Furukawa Electric, up 6.3%, followed by Tokuyama, which gained 6%. The biggest losers were BayCurrent, down 2.3%, followed by Yamato Holdings, which shed 1.8%.
New Straits Times
a day ago
- Business
- New Straits Times
Japan's Nikkei surges on trade deal hopes lift tech; Toyota Industries slides
TOKYO: Japanese stocks snapped a three-session skid on Wednesday after the yen weakened and hopes rose for a potential trade deal that could reopen the technology markets with China. The benchmark Nikkei 225 Index closed 0.8 per cent higher, while the broader Topix added 0.5 per cent. Gainers outnumbered decliners on the Nikkei, with 138 stocks advancing versus 82 ending in the red. Chip sector heavyweights Advantest and Disco rose 1.9 per cent and 1.2 per cent, respectively, following US tech shares' overnight gains. Nintendo jumped 3.4 per cent ahead of the debut of its much-anticipated Switch 2 console on Thursday. Nvidia and other chipmakers drove gains in US stocks overnight ahead of the talks between US President Donald Trump and China's leader Xi Jinping this week to address tariff and trade disputes that have roiled global markets. The trend of rising semiconductor stocks spread to the Japanese stock market on the day along with hopes of progress in trade talks, Wataru Akiyama, a strategist at Nomura Securities, said. "Semiconductor-related shares are on the rise due to expectations of strong results stemming from chip demand centred around AI." The yen was little changed at 143.94 per dollar, after a 0.9 per cent slide on Tuesday, benefiting exporters. The United States is expecting countries to make their best offers on trade negotiations by Wednesday as sweeping tariffs loom. However, Japan has not received a letter from the US seeking its best proposals on trade talks, Chief Cabinet Secretary Yoshimasa Hayashi said. Toyota Industries slid 12 per cent after Toyota Motor said it would take the forklift maker private in a US$33 billion deal, much lower than the amount indicated in earlier media reports. Toyota Motor's shares climbed 1.9 per cent. The largest percentage gainers on the Nikkei were Furukawa Electric, up 6.3 per cent, followed by Tokuyama, which gained 6 per cent. The biggest losers were BayCurrent, down 2.3 per cent, followed by Yamato Holdings, which shed 1.8 per cent.
Nikkei Asia
7 days ago
- Business
- Nikkei Asia
Sanrio's ROE hits 49% in capital efficiency push, lifted by Hello Kitty
TOKYO -- Some Japanese companies are making headway in improving capital efficiency, reaching the 30% range and higher on the key metric of return of equity for the fiscal year ended March. Entertainment company Sanrio achieved an ROE of 48.6%. Semiconductor-related companies, including Advantest, recorded around 30%, outperforming corporate Japan's 9% average.
Time of India
28-05-2025
- Automotive
- Time of India
Nikkei sheds early gains as mood turns cautious ahead of Nvidia earnings
Japan's Nikkei share average shed early gains of as much as 1.2% to end flat on Wednesday, as the mood turned cautious ahead of earnings from artificial intelligence chip leader Nvidia later in the day. The Nikkei ended the day down 1.71 point at 37,722.40, effectively unchanged but snapping a three-day rally. The broader Topix also finished essentially flat but up 0.02 point at 2,769.51. Japanese stocks were initially buoyed by a sharply weaker yen, which boosts the value of overseas revenues for the country's many heavyweight exporters. However, a poor auction of super-long Japanese government bonds also saw yields pushing higher again, weighing on sentiment. Live Events The Nikkei particularly struggled above the key psychological level of 38,000, after pushing as high as 38,178.73 in morning trading. Some additional push is needed to take the Nikkei firmly above 38,000, such as further positive developments in U.S. tariff negotiations, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. While a weaker yen supports sentiment, "one can't say the foreign-exchange market has stabilized", he added. Despite the more cautious finish to the session, chip-testing equipment maker and Nvidia supplier Advantest remained the Nikkei's biggest gainer in index-point terms through to the close, ending with a 1.6% advance. By contrast, chip-making machinery manufacturer Tokyo Electron flipped from early gains to finish down 0.1%. Automakers as a group had been strong in early trading but ended the day mixed. Honda climbed 1.3%, but Toyota reversed gains to drop 0.3%. Nissan was among the most volatile stocks on the day, leaping as much as 4.6% at the start of the afternoon session following a media report that it plans more than $7 billion in fundraising to help turn the business around. However, it shed those gains to end the day down 0.3%.
