Latest news with #N225
Yomiuri Shimbun
a day ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Climbs for Fourth Day on US-China Trade Framework; Hino Plunges
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 11 (Reuters) – Japan's Nikkei share gauge climbed for a fourth straight session on Wednesday after U.S. and Chinese officials agreed on a framework to put their trade truce back on track and remove China's curbs on rare earths, supporting demand for risk assets. Chip-sector heavyweights Sumco 3436.T and Tokyo Electron 8035.T surged 7% and 3.6%, respectively. Mazda Motor 7261.T climbed 1.2% as the yen weakened, boosting export shares. The Nikkei 225 Index .N225 climbed 0.5% as of the midday break, set for its longest winning streak in about a month. So far, it is down 4.2% for the year. The broader Topix gauge .TOPX was flat. U.S. President Donald Trump's on-again, off-again tariff spats have largely been factored into global equity prices, but Japanese stocks have yet to recover to highs seen around the beginning of the year, said Tatsunori Kawai, chief strategist at Mitsubishi UFJ eSmart Securities. After meetings by the Bank of Japan and the Federal Reserve next week, summer salary bonuses and company dividends in Japan may be factors to push domestic shares higher. 'With those funds in the pipeline, I think the inflow of money into the market will continue,' Kawai said. 'After we get through next week, I think it's basically easier to go higher and catch up with U.S. equities.' Sumco was the biggest gainer on the Nikkei, followed by Isetan Mitsukoshi 3099.T gaining 6.2%. The biggest loser was Hino Motors 7205.T down 17%, after the truckmaker and unit of Toyota Motor 7203.T said it would issue new shares as part of a merger agreement with Mitsubishi Fuso.
Yomiuri Shimbun
2 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Japanese Shares Rise for Third Day on Tech Optimism, JGB Support
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 10 (Reuters) – Japanese shares climbed on Tuesday for a third consecutive day, buoyed by gains in technology stocks and investor optimism over the government's efforts to stabilize the debt markets. The Nikkei 225 Index .N225 climbed 0.9% while broader Topix .TOPX was up 0.5%. There were 171 advancers on the Nikkei index against 52 decliners. Stocks advanced alongside Japanese government bonds (JGBs), which have been moving increasingly in tandem amid rising concerns over the country's fiscal health and borrowing costs. Japanese Finance Minister Katsunobu Kato said the government will work to ensure confidence in the JGB market, a day after Reuters reported the finance ministry is considering buying back some super-long-dated bonds to contain rising yields. 'We see lower interest rates and a stable dollar-yen exchange rate as supporting the Japanese stock market today,' said Maki Sawada, an equities strategist at Nomura Securities. Chip-sector suppliers Advantest 6857.T and Shin-Etsu Chemical 4063.T jumped 4% and 2.4%, respectively, following a nearly 2% surge in the Philadelphia SE semiconductor index .SOX overnight. Shares of Mazda Motor 7261.T rose 1.4% as the yen weakened to the 145 level against the dollar, providing a boost to exporters. The top percentage gainer in the Nikkei was Sumitomo Pharma 4506.T, which jumped 5.8%, followed by motor maker Nidec 6594.T, up 4.8%. Space startup ispace 9348.T, which had a second moon lander crash into the lunar surface last week, saw its shares rebound 5.2% after they fell by their daily limit for two straight sessions.
Yomiuri Shimbun
3 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Jumps as Chip Stocks Rally Ahead of Sino-US Talks
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 9 (Reuters) – Japan's Nikkei share average advanced 1% on Monday ahead of trade talks between the U.S. and China in London later in the day, with investors watching for any easing of restrictions over semiconductor shipments. Both countries are under pressure to relieve tensions, with China dominating global exports of rare earth minerals needed for chips and other advanced technologies, while the U.S. has curtailed exports of chip-design software to China. A phone call between U.S. President Donald Trump and Chinese counterpart Xi Jinping on Thursday led to the Monday talks, with Trump later saying rare earth supply would no longer be a problem for the United States. The Nikkei .N225 rose 1.05% to 38,137.09 as of the midday trading recess. The broader Topix .TOPX rose 0.63%. A sub-index of growth shares .TOPXG rallied 0.8%, outpacing a 0.47% rise in value shares .TOPXV. Chip-testing equipment maker and Nvidia supplier Advantest 6857.T was Nikkei's biggest gainer in index-point terms with a 5.17% climb. 'The trade talks in London are at the very least a step in the direction of easing restrictions on chip shipments between the U.S. and China,' buoying the sector on Monday, said Yunosuke Ikeda, chief macro strategist at Nomura. Artificial intelligence-focused startup investor SoftBank Group 9984.T jumped 4.03%. Chip-sector stocks Disco 6146.T and Lasertec 6920.T rose about 3% each. Otsuka Holdings 4578.T, the Nikkei's biggest percentage gainer, soared 8.65% after the drugmaker said its experimental therapy for a potentially life-threatening kidney disease more than halved severe levels of protein in the urine of patients. On the other end, iSpace 9348.T was poised to fall by the daily limit for the second straight session after its second failed attempt to put a lunar lander on the moon last week. The stock was set to slide 20%, with offers to sell outnumbering bids by 9-to-1.
Daily Maverick
7 days ago
- Business
- Daily Maverick
Asian shares creep higher, dollar languishes before ECB
By Rocky Swift TOKYO, June 5 (Reuters) – Shares in Asia crept higher and the U.S. dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak U.S. jobs and services data, with more weighty employment data due on Friday. Damage to the U.S. economy is becoming more apparent from President Donald Trump 's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new U.S. metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. 'There's uncertainty about the guidance the central bank will deliver given the murky outlook for U.S. trade policy and global growth,' said Kyle Rodda, a senior financial market analyst at 'A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum.' Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought 'best offers' from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the U.S. on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.7% in early trade, whereas Japan's Nikkei stock index .N225 slid 0.2%. The dollar index =USD, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5% slide on Wednesday. The dollar rose 0.1% against the yen to 142.92 JPY=. The euro EUR= was flat at $1.1416 after a 0.4% gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in U.S. inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold XAU= edged 0.1% lower to $3,372.7 per ounce. U.S. crude CLc1 dipped 0.2% to $62.75 a barrel. The pan-region Euro Stoxx 50 futures STXEc1 were little changed while U.S. stock futures, the S&P 500 e-minis ESc1, were down 0.1%.
Reuters
20-05-2025
- Business
- Reuters
Asian stocks rise as traders weigh US debt, trade deals
SINGAPORE, May 20 (Reuters) - Asian stocks rose on Tuesday while U.S. Treasury yields steadied allowing a bit of a breathing room for the U.S. dollar as investors took stock of the debt load of the world's biggest economy and awaited trade deals. Moody's downgrade of its rating for U.S. sovereign credit last week - due to concerns about that nation's growing $36 trillion debt pile - led to a selloff in Treasuries on Monday but that stabilised by Asian trading hours on Tuesday. "The Moody's downgrade was a temporary shock and rather meaningless in the bigger picture," said Kyle Rodda, senior financial market analyst at "But then we're not really being fed any kind of fresh new news for investors to buy into... We haven't gotten any new deals coming through." With little indication of trade deals on the way, markets are struggling for direction, analysts said. The 30-year bond yield was 3.5 basis points lower at 4.906% after hitting an 18-month high of 5.037% in the previous trading session. Major U.S. stock indexes recovered from early loss to end mostly flat. That left the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab 0.36% higher, hovering near the seven-month high touched last week. Japan's Nikkei (.N225), opens new tab gained 0.65% in early trade. Chinese stocks were steady at the open after the local central bank cut benchmark lending rates for the first time since October, while five of China's biggest state-owned banks also lowered deposit interest rates. The blue-chip index (.CSI300), opens new tab was 0.15% higher whereas Hong Kong's Hang Seng Index (.HSI), opens new tab rose 1%. U.S. Federal Reserve officials took on cautiously the ramifications of the Moody's downgrade and unsettled market conditions as they continued to navigate an uncertain economic environment in the wake of erratic U.S. trade action. While not an imminent issue for the Fed, higher borrowing costs tied to a deteriorating U.S. financial position could make credit generally more expensive and create restraint on economic activity. Traders have priced in two interest rate cuts from the U.S. central bank this year, versus four last month when President Donald Trump's tariff salvos upended markets and led to investors exiting U.S. assets. "For now, U.S. exceptionalism and corporate resilience are offsetting the risks," said Charu Chanana, chief investment strategist at Saxo in Singapore. "But how long before investors start demanding a higher risk premium, especially with the Fed in wait-and-see mode and trade talks seemingly stalling?" Markets will be monitoring a U.S. congressional debate over a tax bill later in the day at which Trump is widely expected to be present ahead of a vote on the legislation later this week. The measure would extend Trump's 2017 tax cuts and potentially add $3 trillion to $5 trillion to national debt over the next decade. Investors will also watch out for a policy decision from the Reserve Bank of Australia, with cuts to interest rates widely expected. The Australian dollar was a tad weaker at $0.64485. In commodities, oil prices were mixed as investors contended with a potential breakdown in talks between the U.S. and Iran over the latter's nuclear activity and weakened prospects of more Iranian supply entering the market.
