Latest news with #NomuraSecuritiesCo
The Mainichi
3 days ago
- Business
- The Mainichi
Tokyo stocks drop as US tariff uncertainty weighs
TOKYO (Kyodo) -- Tokyo stocks dropped Friday, weighed by uncertainty over U.S. tariffs following diverging court decisions on the legality of the levies imposed by President Donald Trump, but shares sensitive to domestic demand attracted buying. The 225-issue Nikkei Stock Average ended down 467.88 points, or 1.22 percent, from Thursday at 37,965.10. The broader Topix index finished 10.45 points, or 0.37 percent, lower at 2,801.57. On the top-tier Prime Market, decliners were led by electric appliance, precision instrument and service issues. The U.S. dollar briefly weakened to the mid-143 yen range in Tokyo after long-term U.S. Treasury yields declined due to growing uncertainty over U.S. tariff policy, dealers said. On the stock market, sentiment was dampened after a U.S. federal appeals court allowed the Trump administration to maintain its most sweeping tariffs for the time being, a day after a lower court's move to block the levies sharply boosted the market on Thursday. The Nikkei index briefly lost more than 600 points as heavyweight semiconductor-related issues were sold after sharp gains the previous day, while some export-oriented auto and electronics issues also fell on the yen's appreciation. But stocks trimmed some losses in the afternoon, with investors buying domestic demand-related shares such as pharmaceutical and agricultural issues, which are less sensitive to a stronger yen, brokers said. Considering that U.S. tariff rates on Japanese imports are unlikely to go higher as the two governments hold talks, "it has come to a point that their impact on the domestic economy can be factored in to some extent," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co.
The Mainichi
13-05-2025
- Business
- The Mainichi
Nikkei ends at 2.5-month high as US-China trade conflict eases
TOKYO (Kyodo) -- The Nikkei stock index climbed for the fourth straight day to end at a 2.5-month high above 38,000 on Tuesday, as caution over the U.S.-China trade conflict eased after the countries agreed to lower their new tariffs significantly. The 225-issue Nikkei Stock Average ended up 539.00 points, or 1.43 percent, from Monday at 38,183.26, its highest level since Feb. 27. The broader Topix index finished 30.06 points, or 1.10 percent, higher at 2,772.14. On the top-tier Prime Market, gainers were led by marine transportation, pharmaceutical, and warehousing and harbor transportation service issues. The U.S. dollar mostly remained strong around the 148 yen line in Tokyo, after hitting a one-month high of 148.65 yen in New York overnight, as receding concerns over the U.S.-China trade conflict continued to support dollar buying. The yield on the benchmark 10-year Japanese government bond hit a one-month high of 1.465 percent as the debt was sold following a rise in U.S. Treasury yields, reflecting weakening demand for an asset class considered safer than stocks. Shares jumped following an overnight Wall Street surge after Washington and Beijing announced Monday that they would cut their hefty tariff rates on each other by 115 percentage points and suspend part of their so-called reciprocal duties for 90 days. "The market reacted positively to the larger-than-expected cuts of their tariffs," as they likely prioritized avoiding immediate impact on the economy and market, said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. The market was supported by export-oriented auto and electronics issues that drew buying on a weaker yen, which increases exporters' overseas profits when repatriated. The Nikkei benchmark surged over 2 percent in early trading but later trimmed some gains, as some investors took profits amid unclear prospects of trade negotiations between the United States and other countries and the impact of tariffs on corporate earnings, Sawada said.
The Mainichi
08-05-2025
- Business
- The Mainichi
Tokyo stocks climb on strong chip issues, hopes for tariff talks
TOKYO (Kyodo) -- Tokyo stocks climbed Thursday, boosted by gains in semiconductor-related shares and buying supported by hopes for progress in tariff talks between the United States and other countries. The 225-issue Nikkei Stock Average ended up 148.97 points, or 0.41 percent, from Wednesday at 36,928.63. The broader Topix index finished 2.56 points, or 0.09 percent, higher at 2,698.72. On the top-tier Prime Market, gainers were led by marine transportation, service, and nonferrous metal issues. The U.S. dollar rose to the lower 144 yen zone in Tokyo after the yen, seen as a safe-haven asset, was sold along with rises in stocks, dealers said. On the stock market, heavyweight chip issues attracted buying after a report that the U.S. administration is considering easing curbs on chips used for artificial intelligence technology lifted their U.S. counterparts. Investors also welcomed another report that U.S. President Donald Trump is expected to announce a trade deal with Britain on Thursday after Washington imposed hefty tariffs on many countries, brokers said. "With Japan making progress in its negotiations with the United States, hopes for a U.S. deal with another country became a factor to raise stocks," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. Meanwhile, rises were capped by selling to lock in gains following recent advances, while investors refrained from buying actively ahead of U.S.-China tariff talks scheduled for this weekend, brokers said.
The Mainichi
30-04-2025
- Automotive
- The Mainichi
Tokyo stocks end higher after Trump offers auto tariff relief
TOKYO (Kyodo) -- Tokyo stocks rose Wednesday, with the Nikkei index ending above 36,000 for the first time in around a month, as sentiment was lifted after U.S. President Donald Trump announced measures to ease the impact of 25 percent auto tariffs. The 225-issue Nikkei Stock Average ended up 205.39 points, or 0.57 percent, from Monday at 36,045.38. The broader Topix index finished 16.68 points, or 0.63 percent, higher at 2,667.29. Japanese markets were closed on Tuesday for a public holiday. On the top-tier Prime Market, gainers were led by service, pharmaceutical, and bank issues. The U.S. dollar rose to the upper 142 yen range in Tokyo, as the yen, seen as a safe-haven asset, was sold on optimism a U.S. economic slowdown may be less severe following Trump's announcement on the tariff relief, while some traders adjusted their positions, dealers said. Stocks tracked overnight Wall Street gains stemming from the news that Trump's tariff retreat would apply to both U.S. and foreign automakers, brokers said. "The measure is only partial, and although the relief is something to welcome, automakers still cannot decide how to respond or what strategies to take," said Kazuo Kamitani, strategist at Nomura Securities Co. Upside momentum was limited as many investors remained on the sidelines ahead of a second round of tariff talks between Japan and the United States on Thursday.
The Mainichi
25-04-2025
- Business
- The Mainichi
Nikkei ends up nearly 2% on hopes US-China trade tensions ease
TOKYO (Kyodo) -- The Nikkei stock index rose for the third straight day to end up nearly 2 percent Friday, lifted by hopes of easing trade tensions between the United States and China. The 225-issue Nikkei Stock Average closed up 666.59 points, or 1.90 percent, from Thursday at 35,705.74, its highest level since April 2. The broader Topix index finished 35.47 points, or 1.37 percent, higher at 2,628.03. On the top-tier Prime Market, gainers were led by nonferrous metal, electric appliance and marine transportation issues. The U.S. dollar briefly rose to the upper 143 yen range in Tokyo as the yen, seen as a safe-haven asset, was sold on easing fears of intensified trade friction between the world's two biggest economies. The yen was also under pressure after the U.S. finance chief did not push his Japanese counterpart to prop up the yen during their talks in Washington, dealers said. Stocks were boosted by export-oriented auto, electronics and machinery issues on the weaker yen, which increases exporters' overseas profits when repatriated. The Nikkei index extended gains in the afternoon after a report that China is considering excluding some U.S. imports from its 125 percent tariffs, sharply lifting shares of companies that have strong sales in China, brokers said. "Considering the impact of those two countries' trade volumes on the global economy, the easing of tensions in their tariff conflict clearly pushed up Japanese stocks," said Kazuo Kamitani, strategist at Nomura Securities Co. The benchmark ended the day after erasing some gains as some investors sold shares to adjust their positions before the upcoming Golden Week holidays, brokers said. Masahiro Yamaguchi, head of investment research at SMBC Trust Bank, said the stock market has been "too optimistic" as no progress has been made in tariff negotiations between Japan and the United States. "Many companies may revise down their earnings outlook or not be able to release their projections" due to the impact of U.S. tariffs, he said.
