Latest news with #KentaroHayashi
Business Recorder
15 hours ago
- Automotive
- Business Recorder
Japan's Nikkei rises as weaker yen provides boost to exporters
TOKYO: Japan's Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a weaker yen supporting sentiment. As of 0155 GMT, the Nikkei was up 0.9% at 38,164.07, while the broader Topix rose 0.54% to 2,772.46. 'Investors were less worried about geopolitical tensions in the Middle East, and the market saw no need for additional sell-offs,' said Kentaro Hayashi, senior strategist at Daiwa Securities. 'There is an optimism that the conflict will be contained with countries like the United States and Russia stepping in,' he added. Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges The Nikkei fell on Friday after Israel launched strikes against Iran, and Wall Street ended sharply lower later in the day. On Monday, Advantest jumped 8% to provide the biggest boost to the Nikkei. The chip-making equipment maker, one of the largest components of the Nikkei, tends to be bought when the market bets the upside of the benchmark index. Automakers rose on the back of a weaker yen, with Honda Motor and Nissan Motor rising 3.4% and 1%, respectively. Toyota Motor was up 0.4%. The yen fell at the end of the week as investors bought safe-haven assets, such as the US dollar. The greenback was last up 0.17% to 144.325 against the Japanese yen. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate the money to Japan. Nippon Steel rose 2.4% after U.S President Donald Trump approved its $14.9 billion bid for US Steel on Friday. The sector for steel makers rose 1.77% to become the top performer among the Tokyo Stock Exchange's (TSE) 33 industry sub-indexes. The shipping sector rose 1.66% on expectations for rising freight rates amid the Middle East conflict. Kawasaki Kisen rose 2.4%. Of more than 1,600 stocks trading on the TSE's prime market, 66% rose and 28% fell with 4% trading flat.
Yomiuri Shimbun
18 hours ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises as Weaker Yen Provides Boost to Exporters
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 16 (Reuters) – Japan's Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a weaker yen supporting sentiment. As of 0155 GMT, the Nikkei .N225 was up 0.9% at 38,164.07, while the broader Topix .TOPX rose 0.54% to 2,772.46. 'Investors were less worried about geopolitical tensions in the Middle East, and the market saw no need for additional sell-offs,' said Kentaro Hayashi, senior strategist at Daiwa Securities. 'There is an optimism that the conflict will be contained with countries like the United States and Russia stepping in,' he added. The Nikkei fell on Friday after Israel launched strikes against Iran, and Wall Street ended sharply lower later in the day. On Monday, Advantest 6857.T jumped 8% to provide the biggest boost to the Nikkei. The chip-making equipment maker, one of the largest components of the Nikkei, tends to be bought when the market bets the upside of the benchmark index. Automakers rose on the back of a weaker yen, with Honda Motor 7267.T and Nissan Motor 7201.T rising 3.4% and 1%, respectively. Toyota Motor 7203.T was up 0.4%. The yen fell at the end of the week as investors bought safe-haven assets, such as the U.S. dollar. The greenback was last up 0.17% to 144.325 against the Japanese yen JPY=EBS. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate the money to Japan. Nippon Steel 5401.T rose 2.4% after U.S President Donald Trump approved its $14.9 billion bid for U.S. Steel X.N on Friday. The sector for steel makers .ISTEL.T rose 1.77% to become the top performer among the Tokyo Stock Exchange's (TSE) 33 industry sub-indexes. The shipping sector .ISHIP.T rose 1.66% on expectations for rising freight rates amid the Middle East conflict. Kawasaki Kisen 9107.T rose 2.4%. Of more than 1,600 stocks trading on the TSE's prime market, 66% rose and 28% fell with 4% trading flat.
New Straits Times
18 hours ago
- Automotive
- New Straits Times
Japan's Nikkei rises as weaker yen provides boost to exporters
TOKYO: Japan's Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a weaker yen supporting sentiment. As of 0155 GMT, the Nikkei was up zero point nine per cent at 38,164.07, while the broader Topix rose zero point five four per cent to 2,772.46. "Investors were less worried about geopolitical tensions in the Middle East, and the market saw no need for additional sell-offs," said Kentaro Hayashi, senior strategist at Daiwa Securities. "There is an optimism that the conflict will be contained with countries like the United States and Russia stepping in," he added. The Nikkei fell on Friday after Israel launched strikes against Iran, and Wall Street ended sharply lower later in the day. On Monday, Advantest jumped eight per cent to provide the biggest boost to the Nikkei. The chip-making equipment maker, one of the largest components of the Nikkei, tends to be bought when the market bets the upside of the benchmark index. Automakers rose on the back of a weaker yen, with Honda Motor and Nissan Motor rising three point four per cent and one per cent, respectively. Toyota Motor was up zero point four per cent. The yen fell at the end of the week as investors bought safe-haven assets, such as the US dollar. The greenback was last up zero point one seven per cent to 144.325 against the Japanese yen. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate the money to Japan. Nippon Steel rose two point four per cent after US President Donald Trump approved its US$14.9 billion bid for US Steel on Friday. The sector for steel makers rose one point seven seven per cent to become the top performer among the Tokyo Stock Exchange's (TSE) 33 industry sub-indexes. The shipping sector rose one point six six per cent on expectations for rising freight rates amid the Middle East conflict. Kawasaki Kisen rose two point four per cent. Of more than 1,600 stocks trading on the TSE's prime market, 66 per cent rose and 28 per cent fell with four per cent trading flat.
Zawya
07-03-2025
- Business
- Zawya
Japan's Nikkei ends at 6-month low as tech shares fall, stronger yen weighs
TOKYO - Japan's Nikkei share average fell more than 2% to end at a six-month low on Friday, as technology stocks tracked Wall Street declines and a stronger yen weighed on exporters. The Nikkei closed down 2.17% at 36,887.17, its lowest close since September 18, after touching 36,813.62 during the session, also its lowest intraday level since that day. The index lost 7.5% so far this year to become the second-worst performer among major Asian markets. The broader Topix slipped 1.56% to 2,708.59. Wall Street stocks finished lower overnight, with the Nasdaq confirming it has been in a correction since December on the uncertainty surrounding U.S. trade policy. The Nasdaq has fallen 10.4% from a record-high close on December 16. An index of chipmakers dropped 4.5% on Thursday. "We saw some negative cues for Japanese shares, including overnight declines in U.S. stocks and a stronger yen," said Kentaro Hayashi, a senior strategist at Daiwa Securities. Uniqlo-brand owner Fast Retailing slipped 3.64% to drag the Nikkei the most, while chip-related Tokyo Electron and Advantest lost 3% and 2.34%, respectively. Automakers also fell after the yen strengthened against the dollar amid safe-haven bets. Toyota Motor and Honda Motor lost 0.69% and 0.56%, respectively. A stronger Japanese currency tends to hurt shares of exporters, as it decreases the value of overseas profits in yen terms when firms repatriate them to Japan. Renewed expectations for the Bank of Japan's interest hikes weighed on sentiment after the market saw signs of strong wage growth, said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Japan's largest labour union umbrella group, Rengo, is seeing its member unions demand the biggest salary increase in over 30 years. Wages are seen as a key gauge for the BOJ's rate path. Of the more than 1,600 shares trading on the Tokyo Stock Exchange's prime market, 28% rose, 69% fell and 2% traded flat.
