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Free Malaysia Today
3 days ago
- Automotive
- Free Malaysia Today
Japan's Nikkei 225 stock index surges to record high
Following gains in US tech shares, Japanese tech investor SoftBank group jumped 7.07% to ¥14,845. (EPA Images pic) TOKYO : Japan's Nikkei 225 stock index surged more than 1,100 points to a record high Tuesday, as optimism returned to trading floors after Tokyo reached a deal to avert the worst of Washington's threatened tariffs. The Nikkei jumped 2.8%, or 1,162.86 points, to 42,983.34 in the afternoon before easing back slightly. The previous record was 42,426.77, set in July last year. IwaiCosmo Securities said in a market commentary that 'easing tensions over US-China trade talks, as well as speculation about the US's imminent lowering of (interest) rates' had helped boost investors' hopes about the recovery of Japanese companies. That was leading to continued buying, it added. A broad range of shares continued to surge shortly after the midday break. Following gains in US tech shares, Japanese tech investor SoftBank group jumped 7.07% to ¥14,845 and Advantest, maker of semiconductor tests, rose 7.34% to ¥11,255. Automaker Toyota added 3.14% to ¥ 2,860 and Uniqlo-operator Fast Retailing added 4.67% to ¥ 48,440.
Yahoo
3 days ago
- Business
- Yahoo
Analysts react to Japan's Nikkei scaling record high
TOKYO (Reuters) -Japan's Nikkei gauge of blue-chip stocks powered to a record high on Tuesday, taking its cue from all-time peaks scaled by many global markets this year. Here are analysts' comments about the rally in Japanese stocks: SHOICHI ARISAWA, GENERAL MANAGER OF THE INVESTMENT RESEARCH DEPARTMENT AT IWAICOSMO SECURITIES, TOKYO "The speed of the rally in the past few days is too fast. It is surprisingly fast particularly because we have not seen any new positive market-moving catalysts. "Japanese shares were lagging behind other countries, particularly in Europe. European shares rose because investors shifted their focus away from the U.S. "Japan has become a target now because the country's corporate outlook is good and the impact of U.S. tariffs seems not as serious as the market had expected. There will be more companies which will revise up their outlook due to the limited impact of the U.S. tariffs. The yen remains weak, which is also positive for Japanese companies." MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE "Whether we call it the Trump pump or the Taco trade, it's all the same really. Asian indices are broadly higher on headlines of the U.S. and China extending their trade truce by 90 days. "The Topix may have been first to its record it just seemed a matter of time before the Nikkei joined the club." TAKAMASA IKEDA, SENIOR PORTFOLIO MANAGER AT GCI ASSET MANAGEMENT, TOKYO "The Nikkei was not able to hit a record until today because chip-related shares and auto shares dragged the index. The Nikkei could soon peak as technology shares that led the Wall Street's rally have slowed down." NORIHIRO YAMAGUCHI, ECONOMIST, OXFORD ECONOMICS, TOKYO "Japanese equities are rising sharply due to a combination of positive factors, including the extension of U.S.-China tariff talks, the correction of tariff structures on Japanese product by the U.S., and the weak yen. "Trading volumes are low because it is the Obon holiday in Japan now. This is a time when equity prices tend to fluctuate significantly both up and down. Volatility is likely to remain high for the time being." HIROYUKI UENO, CHIEF STRATEGIST AT SUMITOMO MITSUI TRUST ASSET MANAGEMENT, TOKYO "The Nikkei could cross the 43,000 level. Investors who did not expect this sharp rise are scooping up stocks in a hurry. "U.S. economy is better than the market had expected earlier this year. And if the Fed starts cutting rates, shares are only going to go up. The Japanese corporate outlook is also better than the market had expected."
Business Recorder
23-07-2025
- Business
- Business Recorder
Nikkei ends lower as focus shifts to trade talks
TOKYO: Japan's Nikkei share average erased early gains on Tuesday to end slightly lower, as investors returning from a long holiday weekend shifted their focus to trade talks from the ruling coalition's election defeat. The Nikkei closed 0.11% lower at 39,774.92. The index rose 1.15% earlier in the session to cross the 40,000 level. 'The Nikkei jumped earlier in the session because investors who shorted stocks immediately bought them back. They initially thought equities would tank in reaction to the election outcome,' said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. Japan's ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power even as he vowed to remain party leader. The election was closely monitored as Ishiba's party also lost control of the more powerful lower house in elections last year and his Liberal Democratic Party was facing calls from opposition parties for tax cuts.
Business Recorder
08-07-2025
- Business
- Business Recorder
Nikkei ends lower on caution ahead of Trump tariff deadline
TOKYO: Japan's Nikkei share average ended lower on Monday as cautious investors assessed the details of US President Donald Trump's tariffs and their impact on corporate outlook. The Nikkei fell 0.56% to close at 39,587.68, after opening marginally lower. The broader Topix slipped 0.57% to 2,811.72. 'Investors turned bearish when they saw a small decline in the Nikkei and sold more stocks,' said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. 'The market was awaiting any details of the US tariffs. Investors wanted to stay away from buying stocks until the details became clear,' he said. The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, Trump said on Sunday, with the higher rates scheduled to take effect on August 1. Yaskawa Electric tanked 10.29% to become the biggest percentage loser on the Nikkei.
Economic Times
07-07-2025
- Automotive
- Economic Times
Japan's Nikkei ends lower on caution ahead of Trump tariff deadline
Japan's Nikkei share average ended lower on Monday as cautious investors assessed the details of U.S. President Donald Trump's tariffs and their impact on corporate outlook. ADVERTISEMENT The Nikkei fell 0.56% to close at 39,587.68, after opening marginally lower. The broader Topix slipped 0.57% to 2,811.72. "Investors turned bearish when they saw a small decline in the Nikkei and sold more stocks," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. "The market was awaiting any details of the U.S. tariffs. Investors wanted to stay away from buying stocks until the details became clear," he said. The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, Trump said on Sunday, with the higher rates scheduled to take effect on August 1. ADVERTISEMENT Yaskawa Electric tanked 10.29% to become the biggest percentage loser on the Nikkei. The machinery maker on Friday cut its annual operating profit forecast, citing uncertainties about the demand outlook due to the effect of U.S. tariff policy. Yaskawa said it did not factor in the effect of U.S. tariff policy when it made the forecast in April. ADVERTISEMENT Yaskawa's peers SMC Corporation and Fanuc lost 7% and 3.4%, respectively. Automakers fell, with Toyota Motor and Honda Motor dropping 1.11% and 1.63%, respectively. ADVERTISEMENT Nissan Motor slipped 4.91%, following a local media report that the automaker is in discussions with Taiwan's Foxconn about electric vehicle collaboration that could save its Oppama plant in Japan from closure. Start-up investor SoftBank Group fell 1.07% to become the biggest drag for the Nikkei. ADVERTISEMENT Staffing agency Recruit Holdings rose 2.32% to become the biggest support to the Nikkei. (You can now subscribe to our ETMarkets WhatsApp channel)
