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The Mainichi
7 hours ago
- Business
- The Mainichi
Tokyo stocks fall as yen rises on weak US economic data
TOKYO (Kyodo) -- Tokyo stocks fell Thursday, weighed down by selling of exporter shares, as the yen strengthened after weaker-than-expected U.S. economic data raised concerns over the impact of President Donald Trump's tariff policy on the U.S. economy. The 225-issue Nikkei Stock Average ended down 192.96 points, or 0.51 percent, from Wednesday at 37,554.49. The broader Topix index finished 28.66 points, or 1.03 percent, lower at 2,756.47. On the top-tier Prime Market, decliners were led by marine transportation, transportation equipment, and oil and coal product issues. The U.S. dollar stayed mostly weak in the upper 142 yen range in Tokyo, weighed down by a decline in U.S. Treasury yields following sluggish private-sector payrolls and purchasing managers data from the Institute for Supply Management. On the stock market, the yen's appreciation weighed on exporter issues such as automakers, as U.S. economic data fueled concerns that steep tariffs are beginning to hurt the U.S. labor market, brokers said. While a decline in confidence among U.S. goods trade businesses had already been apparent, sentiment was particularly affected by the drop in the services sector purchasing managers index below the boom-or-bust 50 line for the first time in about a year, said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. "A cautious mood is growing now as a result ahead of the U.S. jobs data due Friday," Sawada added.
Business Recorder
2 days ago
- Business
- Business Recorder
Japan's Nikkei edges higher as chips gain; firmer yen sinks autos
TOKYO: Japan's Nikkei share average edged up in early trading on Tuesday, with chip-related stocks tracking overnight gains in their U.S. peers. However, fallers outnumbered risers on the benchmark index, and a stronger yen pressured automakers' stocks. The Nikkei advanced 0.5% to 37,651.27, as of 0127 GMT, set to gain after two sessions of losses. Among its 225 constituents, 102 rose, 121 fell, while two were unchanged. The broader Topix, by contrast, was up less than 0.1%. A subindex of growth shares added 0.3%, while value shares slipped 0.2%. 'This is not a case of strong buying leading the market,' said Maki Sawada, an equities strategist at Nomura Securities. Along with the headwind from a stronger yen, investors are also cautious about global trade developments, particularly between the U.S. and China, she said. Japan's Nikkei ends lower on worries about US-China trade tension, stronger yen U.S. President Donald Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday, as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, Reuters reported. Trump and Chinese President Xi Jinping were likely to have a call soon to iron out trade differences, Treasury Secretary Scott Bessent said on Sunday, although Monday saw an angry rejection from China's Commerce Ministry of U.S. accusations that Beijing violated their trade agreement. The safe-haven yen strengthened as far as a one-week high of 142.40 per dollar on Tuesday. A firmer currency reduces the value of overseas revenues for Japan's exporters. Toyota Motor and Honda lost 0.5% and 0.8%, respectively. Toyota shares showed little reaction to domestic media reports that Toyota Industries would accept its $42 billion takeover bid. Toyota Industries rose 1%. Chip-testing equipment maker and Nvidia supplier Advantest led gains among semiconductor stocks, climbing 3.6%. Heavily-weighted Uniqlo owner Fast Retailing and Sony also helped lift the Nikkei, rising 1.8% and 2.3%, respectively.
Mint
3 days ago
- Automotive
- Mint
Japans Nikkei edges higher as chips gain; firmer yen sinks autos
TOKYO, - Japan's Nikkei share average edged up in early trading on Tuesday, with chip-related stocks tracking overnight gains in their U.S. peers. However, fallers outnumbered risers on the benchmark index, and a stronger yen pressured automakers' stocks. The Nikkei advanced 0.5% to 37,651.27, as of 0127 GMT, set to gain after two sessions of losses. Among its 225 constituents, 102 rose, 121 fell, while two were unchanged. The broader Topix, by contrast, was up less than 0.1%. A subindex of growth shares added 0.3%, while value shares slipped 0.2%. "This is not a case of strong buying leading the market," said Maki Sawada, an equities strategist at Nomura Securities. Along with the headwind from a stronger yen, investors are also cautious about global trade developments, particularly between the U.S. and China, she said. U.S. President Donald Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday, as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, Reuters reported. Trump and Chinese President Xi Jinping were likely to have a call soon to iron out trade differences, Treasury Secretary Scott Bessent said on Sunday, although Monday saw an angry rejection from China's Commerce Ministry of U.S. accusations that Beijing violated their trade agreement. The safe-haven yen strengthened as far as a one-week high of 142.40 per dollar on Tuesday. A firmer currency reduces the value of overseas revenues for Japan's exporters. Toyota Motor and Honda lost 0.5% and 0.8%, respectively. Toyota shares showed little reaction to domestic media reports that Toyota Industries would accept its $42 billion takeover bid. Toyota Industries rose 1%. Chip-testing equipment maker and Nvidia supplier Advantest led gains among semiconductor stocks, climbing 3.6%. Heavily-weighted Uniqlo owner Fast Retailing and Sony also helped lift the Nikkei, rising 1.8% and 2.3%, respectively. This article was generated from an automated news agency feed without modifications to text.
The Mainichi
21-05-2025
- Business
- The Mainichi
Tokyo stocks end lower as exporter shares sold on firmer yen
TOKYO (Kyodo) -- Tokyo stocks ended lower Wednesday as some exporter shares were sold on a firmer yen, with investors wary about the currency's further appreciation ahead of expected talks between the finance chiefs of Japan and the United States. The 225-issue Nikkei Stock Average fell 230.51 points, or 0.61 percent, from Tuesday at 37,298.98. The broader Topix index finished 5.95 points, or 0.22 percent, lower at 2,732.88. On the top-tier Prime Market, decliners were led by insurance, electric appliance, and service issues. The U.S. dollar briefly slid to the mid-143 yen line in Tokyo amid speculation that U.S. Treasury Secretary Scott Bessent could address the yen's weakness during his possible talks with the Japanese finance minister on the sidelines of the Group of Seven finance chiefs' gathering this week. Stocks were initially lifted by the buying of bank shares on hopes for improved profits due to recent surges in the yields on 40-year and 30-year Japanese government bonds. But the Nikkei index soon slipped into negative territory, weighed down by weak insurance issues after some nonlife insurers released disappointing earnings projections for the current fiscal year the previous day, brokers said. Losses widened as the stronger yen fueled the selling of some export-oriented electronics issues as it raised concerns about its adverse impact on their repatriated profits. "Depending on what they (the U.S. and Japanese finance chiefs) discuss, the yen could rise against the dollar, giving more downward pressure on stocks," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co.
Economic Times
20-05-2025
- Automotive
- Economic Times
Japan's Nikkei closes flat as investors await fresh trade signals
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT Japan's Nikkei share average ended flat on Tuesday, as support from a pause in the yen's rally lifted automakers and exporters, while investor sentiment remained cautious following U.S. sovereign downgrade by Moody's last the same time, uncertainty ahead of a three-day Group of Seven meetings of finance ministers and central bank chiefs in Canada later in the day makes it "difficult for traders to move," said Maki Sawada, a strategist at ministers will strive for unity on non-tariff issues at the gathering, but may have trouble reaching consensus with a Trump administration intent on pushing allies to serve U.S. Nikkei index held its ground at 37,529.49, while the broader Topix was also steady at 2, worry that U.S. officials may push for a weaker dollar as part of tariff negotiations. Japan's top trade negotiator said on Tuesday there was no change to Tokyo's stance of demanding an elimination of U.S. tariffs in bilateral trade tensions with China are also far from resolved, in spite of a recent rapprochement."This is not an environment where we can be complacent about the Sino-U.S. trade relationship," said Nomura's Sawada. "Developments are likely to continue to swing stock markets."Car manufacturers and suppliers rose 0.7% as a sector, while non-ferrous metals led gains with a 1.89% yen strengthened to 144.31 per dollar on Monday, extending a rally from 148.455 a week earlier, but has since in chip-related shares was another factor pulling the Nikkei higher, with Advantest gaining about 3%.
