Latest news with #JapaneseEquities
Bloomberg
7 days ago
- Business
- Bloomberg
Japanese, Korean Stocks Gain After Trump's New Tariff Deadline
Japanese and South Korean equities rose in early Tuesday trading on cautious hopes that the countries can reach trade deals ahead of Donald Trump's newly-extended tariff deadline. The yen was fractionally stronger after dropping about 1% overnight. The won gained.
Bloomberg
7 days ago
- Business
- Bloomberg
Japan Stocks Set to Follow Yen Lower After New Tariff Deadline
Japanese equities were poised join the yen in moving lower as investors in Tokyo awoke on Tuesday to weeks of more uncertainty over US tariffs. The currency dropped more than 1% versus the dollar during the New York session overnight while the American depositary receipts of Japanese companies traded in the US slid after President Donald Trump wrote a letter to Prime Minister Shigeru Ishiba threatening levies of 25% beginning Aug. 1.
Yahoo
05-07-2025
- Business
- Yahoo
Should you invest in Japanese stocks? UBS answers
-- Japan's stock market has climbed to new highs on renewed foreign buying, but investors should be cautious heading into earnings season, according to analyst at UBS. The TOPIX index broke above 2,800 last week, helped by momentum-driven gains and concerns among global investors about missing out. But UBS said the rally may not last, pointing to stretched valuations and weakening profit forecasts. 'We remain Neutral on Japanese equities as momentum-driven markets can reverse quickly,' UBS analyst Chisa Kobayashi said. Japanese shares have underperformed global peers this year, but the recent rebound has been led by sectors less exposed to trade tensions, such as tech services and utilities. Many of these stocks are now expensive, UBS said. The upcoming June-quarter earnings, due later this month, could mark a turning point. 'We expect that downward revisions of full-year guidance will be announced with 1Q results, marking the end of negative news'Exporters should cut full-year guidance, with chance of ending months of downgrades and setting a floor for expectations. That could open the door for a recovery in cyclical shares like autos and machinery, which have lagged. 'While these stocks may continue to outperform if the momentum market persists, from a risk-reward perspective, we believe undervalued, high-quality cyclical stocks offer better medium-term returns,' Kobayashi near-term gains seen possible, strong U.S. markets and share buybacks by Japanese companies may provide some support if sentiment shifts. UBS remains cautious overall but sees selective opportunities in undervalued companies, especially as corporate buybacks and resilient U.S. markets may limit the downside. Related articles Should you invest in Japanese stocks? UBS answers Who will win the battle of U.S. retail media? How did the hyperscale clouds do in Q1 2025?
Yahoo
24-06-2025
- Business
- Yahoo
Japanese Equities Rise as Israel-Iran Ceasefire Boosts Sentiment
(Bloomberg) -- Japanese equities snapped a three-day losing streak after US President Donald Trump announced a tentative ceasefire between Iran and Israel that soothed market sentiment. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Taxi Wars Put Johannesburg Commuters in Peril as Rail Flounders Topix Index rose 0.7% to 2,781.35 as of 3:30 p.m. Tokyo time Nikkei advanced 1.1% to 38,790.56 SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 5.6%. Out of 1,683 stocks in the index, 1,077 rose and 530 fell, while 76 were unchanged. 'With oil prices dropping significantly and the impression that geopolitical risks have receded for the time being, the development is being viewed positively for now,' said Sohei Takeuchi, a senior portfolio manager at Sumitomo Mitsui DS Asset Management Co. Electric appliances and banks led gains in the Topix, while energy related shares dropped, tracing a slump in oil prices. Still, factors that may drag down shares remain, such as Trump's unresolved tariff threats and the Federal Reserve's uncertain policy outlook. 'Selling pressure seems to be accumulating, and a sharp selloff could be triggered should there be tariffs or risk-off factors,' said Kohei Onishi, senior investment strategist at Mitsubishi UFJ Morgan Stanley. ADVANCERS Lasertec (6920) +13% SoftBank (9984) +5.6% Disco (6146) +4.8% DECLINERS Mitsubishi Estate (8802) -3.2% Sumitomo Realty (8830) -3% Nissan (7201) -2.5% INSIGHTS 20 of the 33 sector indexes on the Tokyo Stock Exchange advanced; Tokyo Stock Exchange TOPIX Nonferrous Metals Index was the best performer, while Tokyo Stock Exchange TOPIX Mining Index fell the most The MSCI AC Asia Pacific Index was up 2.3% Topix Index is down 0.1% year-to-date, vs. MSCI AC Asia Pacific Index up 10% Topix Index members are trading at 14.7 times their estimated earnings for the next 12 months RELATED NEWS Japan Bourse CEO Reappointed With Slimmer Vote as Rating Falls Nomura Shareholders Reject Proposal to Change Company Name Nissan Investors Grill CEO Over Restructuring, Failed Honda Deal You want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? What Mike Tyson and the Bond Market Can Teach Trump on Debt ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
