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Economic Times
02-06-2025
- Automotive
- Economic Times
Japan's Nikkei ends lower on worries about US-China trade tension, stronger yen
Japan's Nikkei share average ended lower on Monday amid worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japan's Nikkei share average ended lower on Monday amid worries over trade tensions between the U.S. and China, and a stronger yen, which hurt Nikkei fell 1.3% to 37,470.67 and the broader Topix slipped 0.87% to 2777.29."Investors were worried about rising uncertainties about trade issues," said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities."Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished."U.S. President Donald Trump on Friday accused China of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and yen strengthened on Monday, rising 0.6% to 143.15 against the U.S. dollar, following the declines of U.S. Treasury yields on Friday. This also weighed on Japanese stocks, said Arisawa.A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency."One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the U.S.," said fell, with Toyota Motor and Honda Motor down 2.82% and 2.11%, shares declined, with Advantest and Tokyo Electron slipping 3.76% and 1.72%, but five of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tyre makers losing 2% and 3.22%, respectively, to become the worst performers.T&D Holdings ended 4% higher after a report said an activist investor built a 4-5% stake in the insurer group.
Economic Times
16-05-2025
- Business
- Economic Times
Nikkei end flat on optimism for corporate outlook
Japanese shares recouped early losses to end flat on Friday, as stronger-than-expected domestic earnings prompted investors to overlook a stronger yen and pour more money into stocks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japanese shares recouped early losses to end flat on Friday, as stronger-than-expected domestic earnings prompted investors to overlook a stronger yen and pour more money into stocks The Nikkei ended flat at 37,753.72, after falling as much as 0.73% earlier in the session on a stronger yen. The index rose 0.67% for the week in its fifth straight week of broader Topix also reversed course, inching up 0.05% at 2,740.45 and inched up 0.2% for the week."The market bought back stocks on optimism of corporate outlook after a series of stronger-than-expected earnings," said Shoichi Arisawa, general manager at the investment research department at IwaiCosmo Securities."And more-than-expected announcements for share buybacks is very positive to the market."The Nikkei had reclaimed the psychologically important level of 38,000 earlier this week on hopes that a Japan trade deal could be on the cards after a tariff truce between the U.S. and since then, the market has drifted lower as a lack of clarity on trade negotiations crimped individual stocks, Mitsubishi UFJ Financial Group ended 0.88% higher after announcing a share buyback worth about 250 billion yen ($1.72 billion).However, its peers Sumitomo Mitsui Financial Group and Mizuho Financial Group fell 1.59% and 1.97%, respectively, even as the three banking groups posted record annual net profits in the last financial Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory, said Japanese firms are set to buy back as much as 8.5 trillion yen worth of shares in April and May alone, helping the index's further company KDDI rose 1.27% after it said it would buy back up to 400 billion yen of Tokyo Electron and Advantest fell 2.76% and 1.89%, respectively, to weigh on the Nikkei the most. ($1 = 145.1300 yen)
Time of India
02-05-2025
- Business
- Time of India
Japan's Nikkei rises on trade talk optimism, posts longest rally since 2023
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei share average rose on Friday on optimism around progress on tariff talks and a weaker yen, setting the index to mark its longest rally in nearly two Nikkei rose 1.04% to close at 36,830.69, and posted a seventh straight session of gains, its longest winning streak since August the week, the index gained 2% to post a third straight weekly the day, the broader Topix rose 0.31% to 2,678.78."It looks like the tariff negotiations between Japan and the U.S. are progressing, which is within expectations but has become a positive cue," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities."In addition, the news about the negotiations between China and the U.S. lifted U.S. stock futures, which boosted the Nikkei."Japan's top economic negotiator Ryosei Akazawa held talks with his U.S. counterpart and said he aims to hold the third round of discussions again this China's Commerce Ministry said Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's crippling Nikkei extended gains after the remarks from China, tracking a rise in S&P and Nasdaq Nikkei has fully recouped its losses since U.S. President Donald Trump's April 2 tariff announcements, but gains were limited on Friday ahead of Japan's four-day weekend and U.S. nonfarm payrolls later in the day, said Arisawa.A weaker yen also lifted appetite for Japanese stocks. The local currency sank after the Bank of Japan lowered growth forecasts due to U.S. tariffs and left interest rates on hold on owner Fast Retailing rose 1.98% to provide the biggest boost to the Holdings rose 5% to become the top percentage gainer on the Nikkei after the package delivery services provider's strong annual operating profit outlook.
