Latest news with #Nikkei225Index
Business Recorder
4 days ago
- Business
- Business Recorder
Japan's Nikkei surges on trade deal hopes lift tech; Toyota Industries slides
TOKYO: Japanese stocks snapped a three-session skid on Wednesday after the yen weakened and hopes rose for a potential trade deal that could reopen the technology markets with China. The benchmark Nikkei 225 Index closed 0.8% higher, while the broader Topix added 0.5%. Gainers outnumbered decliners on the Nikkei, with 138 stocks advancing versus 82 ending in the red. Chip sector heavyweights Advantest and Disco rose 1.9% and 1.2%, respectively, following US tech shares' overnight gains. Nintendo jumped 3.4% ahead of the debut of its much-anticipated Switch 2 console on Thursday. Nvidia and other chipmakers drove gains in US stocks overnight ahead of the talks between US President Donald Trump and China's leader Xi Jinping this week to address tariff and trade disputes that have roiled global markets. The trend of rising semiconductor stocks spread to the Japanese stock market on the day along with hopes of progress in trade talks, Wataru Akiyama, a strategist at Nomura Securities, said. 'Semiconductor-related shares are on the rise due to expectations of strong results stemming from chip demand centred around AI.' The yen was little changed at 143.94 per dollar, after a 0.9% slide on Tuesday, benefiting exporters. Japan's Nikkei bounces as US tariff fears ease, yen softens The United States is expecting countries to make their best offers on trade negotiations by Wednesday as sweeping tariffs loom. However, Japan has not received a letter from the US seeking its best proposals on trade talks, Chief Cabinet Secretary Yoshimasa Hayashi said. Toyota Industries slid 12% after Toyota Motor said it would take the forklift maker private in a $33 billion deal, much lower than the amount indicated in earlier media reports. Toyota Motor's shares climbed 1.9%. The largest percentage gainers on the Nikkei were Furukawa Electric, up 6.3%, followed by Tokuyama, which gained 6%. The biggest losers were BayCurrent, down 2.3%, followed by Yamato Holdings, which shed 1.8%.
New Straits Times
4 days ago
- Business
- New Straits Times
Japan's Nikkei surges on trade deal hopes lift tech; Toyota Industries slides
TOKYO: Japanese stocks snapped a three-session skid on Wednesday after the yen weakened and hopes rose for a potential trade deal that could reopen the technology markets with China. The benchmark Nikkei 225 Index closed 0.8 per cent higher, while the broader Topix added 0.5 per cent. Gainers outnumbered decliners on the Nikkei, with 138 stocks advancing versus 82 ending in the red. Chip sector heavyweights Advantest and Disco rose 1.9 per cent and 1.2 per cent, respectively, following US tech shares' overnight gains. Nintendo jumped 3.4 per cent ahead of the debut of its much-anticipated Switch 2 console on Thursday. Nvidia and other chipmakers drove gains in US stocks overnight ahead of the talks between US President Donald Trump and China's leader Xi Jinping this week to address tariff and trade disputes that have roiled global markets. The trend of rising semiconductor stocks spread to the Japanese stock market on the day along with hopes of progress in trade talks, Wataru Akiyama, a strategist at Nomura Securities, said. "Semiconductor-related shares are on the rise due to expectations of strong results stemming from chip demand centred around AI." The yen was little changed at 143.94 per dollar, after a 0.9 per cent slide on Tuesday, benefiting exporters. The United States is expecting countries to make their best offers on trade negotiations by Wednesday as sweeping tariffs loom. However, Japan has not received a letter from the US seeking its best proposals on trade talks, Chief Cabinet Secretary Yoshimasa Hayashi said. Toyota Industries slid 12 per cent after Toyota Motor said it would take the forklift maker private in a US$33 billion deal, much lower than the amount indicated in earlier media reports. Toyota Motor's shares climbed 1.9 per cent. The largest percentage gainers on the Nikkei were Furukawa Electric, up 6.3 per cent, followed by Tokuyama, which gained 6 per cent. The biggest losers were BayCurrent, down 2.3 per cent, followed by Yamato Holdings, which shed 1.8 per cent.
Business Recorder
26-05-2025
- Automotive
- Business Recorder
Japan's Nikkei rises for a second day as trade fears ease, Nippon Steel jumps
TOKYO: Japan's Nikkei share average gained for a second-straight session on Monday as easing trade tensions between the United States and Europe supported risk appetite. Nippon Steel jumped as much as 7.4% after United States President Donald Trump appeared to give his blessing to the company's protracted takeover of US Steel. Demand for equities rose broadly after Trump extended a tariff deadline on Europe, another backtrack from his sweeping 'Liberation Day' import duties announced last month. Japan's Nikkei bounces as US tariff fears ease, yen softens The Nikkei 225 Index climbed 0.5% as of the midday break, while broader Topix was up 0.25%. Japanese bonds also rallied after a dramatic week that saw super-long yields rise to records. 'The market is now becoming more and more doubtful about (the) seriousness of the tariff policy, particularly after (Trump) dropped the tariff rates on China,' said Nomura chief macro strategist Naka Matsuzawa. 'The bond market started to stabilise after steepening quite a lot on the long end, rallying for two consecutive days, so I think that gave relief to the stock market as well,' he added. The Japanese yen remained near a one-month high against the US dollar, curbing demand for export-related shares like Mazda Motor, which lost 0.8%. Nippon Steel pared its gains to just 1.6% at the break. The largest percentage gainers in the Nikkei were CyberAgent up 4.4%, followed by Keisei Electric Railway gaining 3.7%. The biggest losers in the index were Konica Minolta down 3.1%, followed by department store operators Retailing and Isetan Mitsukoshi Holdings, both down 2.9%.
Business Times
26-05-2025
- Business
- Business Times
Singapore's STI down 0.1% post Trump's Apple tariff threats; most Asia markets rise
[SINGAPORE] Singapore shares were down at Monday's open as most regional markets were trading higher, after US President Donald Trump on Friday (May 23) threatened tariffs on Apple. As at 9.01 am, the Straits Times Index (STI) had slid 0.1 per cent or 4.02 points to 3,878.40. Across the broader market, gainers outnumbered losers 59 to 39 after 31.4 million securities worth S$34.6 million changed hands. Oceanus was the most actively traded counter by volume. It was trading flat at S$0.005, with 9.2 million securities transacted. Other actively traded counters included Thai Beverage which was down by 2.2 per cent or S$0.01 at S$0.455 and ground handler Sats which was trading up 1 per cent or S$0.03 at S$3.01. The trio of local banks were mixed at open. DBS was down 0.2 per cent per cent or S$0.07 at S$44.39 as OCBC fell 0.9 per cent or S$0.14 to S$16.15. UOB rose 0.4 per cent or S$0.14 to S$35.46. Across the region, major indices were mixed at Monday's open. Japan's Nikkei 225 Index advanced 0.7 per cent or 251.93 points to 37,412.40, Korea's Kospi Index rose 0.8 per cent or 19.65 points to 2,611.74 and Malaysia's FTSE Bursa Malaysia KLCI climbed 0.1 per cent or 0.93 points to 1,536.31. Australia's S&P/ ASX 200 fell 0.1 per cent or 6.9 points to 8,354.00.
Business Standard
21-05-2025
- Business
- Business Standard
Dow Drops 0.3% Amid Inflation Concerns
JPMorgan CEO warns of complacency over inflation risks, while housing and transport sectors weaken. Gold stocks rise as bond yields stabilize. Asia and Europe markets mostly advance despite U.S. declines. The Dow fell 114.83 points or 0.3% to 42,677.24, the Nasdaq slid 72.75 points or 0.4% to 19,142.71 and the S&P 500 declined 23.14 points or 0.4% to 5,940.46. JPMorgan Chase (JPM) CEO Jamie Dimon warned stock market values may not properly represent the risks of higher inflation and even stagflation. "My own view is people feel pretty good because you haven't seen effective tariffs. The market came down 10%, it's back up 10%. That's an extraordinary amount of complacency." Dimon said during the financial giant's annual investor day meeting on Monday. Carson Group chief market strategist Ryan Detrick told CNBC the rebound should be taken seriously even amid lingering concerns about trade and the economy. While most of the major sectors ended the day showing only modest moves, housing stocks was notably weak, dragging the Philadelphia Housing Sector Index down by 1.2%. Transportation and networking stocks too were weak while gold stocks moved sharply higher along with the price of the precious metal. Asia-Pacific region stocks moved mostly higher. Japan's Nikkei 225 Index edged up by 0.1%, while China's Shanghai Composite Index rose by 0.4% and Hong Kong's Hang Seng Index jumped by 1.5%. The major European markets too moved upwards while the U.K.'s FTSE 100 Index advanced by 0.9%, the French CAC 40 Index increased by 0.8% and the German DAX Index climbed by 0.4%. In the bond market, treasuries bounced back near the unchanged line after an early slump. As a result, the yield on the benchmark ten-year note which moves opposite of its price, inched up by less than a basis point to 4.48% after reaching a high of 4.52%.
