Latest news with #DaiwaSecurities
New Straits Times
5 days ago
- Business
- New Straits Times
Japan's Nikkei edges down, off near 2-week high amid election outcome worries
TOKYO: Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei slipped 0.31 per cent to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. For the week, the Nikkei is set to rise 0.5 per cent and snap a two straight weeks of losses. The broader Topix was down 0.13 per cent to 2,836.1. "Investors did not want to take a risk in buying stocks ahead of the national election on the weekend," said Yugo Tsuboi, chief strategist at Daiwa Securities. "But the momentum is not bad as about half the stocks rose." Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest and Tokyo Electron losing 4.27 per cent and 0.7 per cent, respectively. Disco tanked 10.26 per cent to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing rose 0.79 per cent to provide the biggest support to the Nikkei. Technology investor SoftBank Group rose 1.5 per cent. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42 per cent rose and 53 per cent fell, and 4 per cent traded flat.
Business Recorder
5 days ago
- Business
- Business Recorder
Japan's Nikkei edges down, off near 2-week high amid election outcome worries
TOKYO: Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei slipped 0.31% to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. For the week, the Nikkei is set to rise 0.5% and snap a two straight weeks of losses. The broader Topix was down 0.13% to 2,836.1. 'Investors did not want to take a risk in buying stocks ahead of the national election on the weekend,' said Yugo Tsuboi, chief strategist at Daiwa Securities. 'But the momentum is not bad as about half the stocks rose.' Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest and Tokyo Electron losing 4.27% and 0.7%, respectively. Disco tanked 10.26% to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing rose 0.79% to provide the biggest support to the Nikkei. Technology investor SoftBank Group rose 1.5%. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42% rose and 53% fell, and 4% traded flat.
Yomiuri Shimbun
5 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Edges down, off near 2-Week High Amid Election Outcome Worries
TOKYO, July 18 (Reuters) – Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei .N225 slipped 0.31% to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 .SPX stock index and the Nasdaq Composite .IXIC both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. .N For the week, the Nikkei is set to rise 0.5% and snap a two straight weeks of losses. The broader Topix .TOPX was down 0.13% to 2,836.1. 'Investors did not want to take a risk in buying stocks ahead of the national election on the weekend,' said Yugo Tsuboi, chief strategist at Daiwa Securities. 'But the momentum is not bad as about half the stocks rose.' Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest 6857.T and Tokyo Electron 8035.T losing 4.27% and 0.7%, respectively. Disco6146.T tanked 10.26% to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing 9983.T rose 0.79% to provide the biggest support to the Nikkei. Technology investor SoftBank Group 9984.T rose 1.5%. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42% rose and 53% fell, and 4% traded flat.
Business Recorder
12-07-2025
- Business
- Business Recorder
Nikkei reverses course to end lower
TOKYO: Japan's Nikkei share average surrendered early gains to close lower on Friday as sharp declines in Fast Retailing led technology stocks to erase their gains. The Nikkei slipped 0.19% to 39,569.68 after rising as much as 0.8% earlier in the session. The index fell 0.6% this week. The broader Topix rose 0.39% to 2,823.24. Fast Retailing tanked 6.93% after the Uniqlo brand owner said on Thursday higher US tariffs would start impacting its US operations significantly from later this year and that it plans to raise prices to mitigate the blow. 'Investors were worried about Fast Retailing's outlook for the next fiscal year. Still, gains of technology stocks supported the index,' said Kentaro Hayashi, senior strategist at Daiwa Securities. The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said. Chip-related Advantest and Tokyo Electron rose 0.71% and 0.9%, respectively, to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight.
Business Recorder
11-07-2025
- Business
- Business Recorder
Japan's Nikkei reverses early gains as Fast Retailing tanks
TOKYO: Japan's Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% for the week. The broader Topix was up 0.73% at 2,832.86. Fast Retailing tanked 6.7% after the company said on Thursday higher US tariffs would start impacting its US operation significantly from later this year and it planned to raise prices to mitigate the blow. 'Investors were worried about Fast Retailing's outlook for the next fiscal year. Still, gains of technology stocks supported the index,' said Kentaro Hayashi, senior strategist at Daiwa Securities. The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said. Chip-testing equipment maker Advantest rose 0.9% to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight. Air-conditioning maker Daikin Industries climbed 2,87%. Silicon wafer maker Sumco jumped 3.95% to become the best percentage gainer on the Nikkei. Bank shares advanced, aiding gains in the Topix, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group rising 2.66% each. Toyota Motor added 1.66%. Seven & I Holdings rose 3.63% after the convenience store operator posted a 9.7% rise in quarterly operating profit, beating analysts' estimates.
