Latest news with #MakotoSengoku
The Mainichi
7 days ago
- Automotive
- The Mainichi
Tokyo stocks rise on solid earnings from Japanese companies
TOKYO (Kyodo) -- Tokyo stocks ended higher Wednesday, lifted by solid earnings reports from certain companies that helped ease concerns over the impact of higher U.S. tariffs. The 225-issue Nikkei Stock Average rose 245.32 points, or 0.60 percent, from Tuesday at 40,794.86. The broader Topix index finished 30.03 points, or 1.02 percent, higher at 2,966.57. On the top-tier Prime Market, the main gainers were real estate, construction and oil and coal product issues. The U.S. dollar briefly fell to the lower 147 yen range in Tokyo, as the yen, seen as a safe-haven asset, was bought amid lingering concern over a U.S. economic slowdown, dealers said. The Nikkei index was initially pressured by the selling of chip shares after U.S. President Donald Trump said he will announce a levy on semiconductors in the "next week or so." However, the market was lifted by the buying of shares in real estate firm Mitsui Fudosan and others after they released strong quarterly earnings. Export-oriented auto shares were also bought back after recent earnings reports showed the negative impact of higher U.S. tariffs on performance is unlikely to be significant. Some companies, however, such as Mazda Motor Corp. did revise downward their business forecast, brokers said. "Recent earnings have shown that the effects of (the tariffs) remain within the scope of expectations at least for now, helping the market emerge from its worse phase," said Makoto Sengoku, senior equity market analyst at Tokai Tokyo Intelligence Laboratory Co.
The Mainichi
12-05-2025
- Business
- The Mainichi
Tokyo stocks end higher on optimism over US-China trade talks
TOKYO (Kodo) -- Tokyo stocks ended higher Monday, backed by hopes for easing trade tensions between the United States and China following their first ministerial-level talks since U.S. President Donald Trump imposed steep tariffs on imports. The 225-issue Nikkei Stock Average ended up 140.93 points, or 0.38 percent, from Friday at 37,644.26. The broader Topix index finished 8.59 points, or 0.31 percent, higher at 2,742.08. On the top-tier Prime Market, gainers were led by warehousing and harbor transportation service, mining and securities house issues. The U.S. dollar remained firm against the yen in Tokyo, rising to above 147 yen later in the afternoon, as the Japanese currency, seen as a safe-haven asset, was sold on receding fears of an intensified trade conflict between the world's two largest economies, dealers said. Tokyo stocks opened higher after China's official media reported that Beijing agreed with Washington during weekend trade talks in Geneva to establish an economic and trade mechanism. But they fell at one point into negative territory as some investors locked in gains following sharp advances on Friday, brokers said. "While details of the meeting remain unknown, the development can be taken relatively positively as there seems to be a conciliatory mood," said Makoto Sengoku, senior equity market analyst at Tokai Tokyo Intelligence Laboratory Co. Export-linked auto and machinery shares were supported by a weak yen, which increases exporters' overseas profits when repatriated.
