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New Straits Times
3 days ago
- Automotive
- New Straits Times
Japan's Nikkei rises on demand for futures, a weaker yen
TOKYO: Japan's Nikkei share average rose on Friday, as a weaker yen underpinned sentiment, while demand for the index futures ahead of the fixing of special quotation prices lifted the benchmark cash index. The Nikkei was up 0.47 per cent to 37,730.67 by the midday break and is set to fall 1 per cent for the week. The broader Topix rose 0.56 per cent to 2,771.81 and is poised to fall 1.6 per cent. The Nikkei received technical support ahead of the June 13 fixing of special quotation prices, used to set values on index options and futures, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index," he said. The Nikkei average futures rose 0.59 per cent. A weaker yen was also a support for local equities, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. The yen was last traded down 0.23 per cent at 143.885 per dollar. Chip-related heavyweights Tokyo Electron and Advantest rose 1.28 per cent and 0.98 per cent, respectively. Automakers rose, with Honda Motor and Nissan Motor gaining 1.19 per cent and 1.38 per cent, respectively, while Toyota Motor inched up 0.17 per cent. Flea market app operator Mercari jumped 5.94 per cent to become the top percentage gainer on the Nikkei, while Oriental Land, the operator of Tokyo Disneyland, rose 2.95 per cent. "When caution persists over the upside of the Nikkei, investors, particularly individuals, tend to look at smaller and domestic-led companies," said Tachibana Securities Kamada. Panasonic Holdings, a supplier of batteries for Tesla, lost 3.58 per cent after Tesla shares plunged 14.3 per cent Shares of ispace were untraded after the moon exploration company said that its uncrewed moon lander likely crashed onto the moon's surface during its lunar touchdown attempt. The stock reached to a limit-low of 744 yen.
Economic Times
3 days ago
- Automotive
- Economic Times
Japan's Nikkei rises on demand for futures, a weaker Yen
Japan's Nikkei share average rose on Friday, as a weaker yen underpinned sentiment, while demand for the index futures ahead of the fixing of special quotation prices lifted the benchmark cash index. ADVERTISEMENT The Nikkei was up 0.47% to 37,730.67 by the midday break and is set to fall 1% for the week. The broader Topix rose 0.56% to 2,771.81 and is poised to fall 1.6%. The Nikkei received technical support ahead of the June 13 fixing of special quotation prices, used to set values on index options and futures, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index," he said. The Nikkei average futures rose 0.59%. ADVERTISEMENT A weaker yen was also a support for local equities, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. The yen was last traded down 0.23% at 143.885 per dollar. ADVERTISEMENT Chip-related heavyweights Tokyo Electron and Advantest rose 1.28% and 0.98%, respectively. Automakers rose, with Honda Motor and Nissan Motor gaining 1.19% and 1.38%, respectively, while Toyota Motor inched up 0.17%. ADVERTISEMENT Flea market app operator Mercari jumped 5.94% to become the top percentage gainer on the Nikkei, while Oriental Land, the operator of Tokyo Disneyland, rose 2.95%. "When caution persists over the upside of the Nikkei, investors, particularly individuals, tend to look at smaller and domestic-led companies," said Tachibana Securities Kamada. ADVERTISEMENT Panasonic Holdings, a supplier of batteries for Tesla, lost 3.58% after Tesla shares plunged 14.3% Shares of ispace were untraded after the moon exploration company said that its uncrewed moon lander likely crashed onto the moon's surface during its lunar touchdown attempt. The stock reached to a limit-low of 744 yen. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Automotive
- Time of India
Japan's Nikkei rises on demand for futures, a weaker Yen
Japan's Nikkei share average rose on Friday, as a weaker yen underpinned sentiment, while demand for the index futures ahead of the fixing of special quotation prices lifted the benchmark cash index. The Nikkei was up 0.47% to 37,730.67 by the midday break and is set to fall 1% for the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like '6월 한정, 직장인 대상 대출 가능 여부 무료 조회 급증' 신청 몰려 조기 마감 우려 직장인 대출 센터 더 읽기 Undo The broader Topix rose 0.56% to 2,771.81 and is poised to fall 1.6%. The Nikkei received technical support ahead of the June 13 fixing of special quotation prices, used to set values on index options and futures, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index," he said. Live Events The Nikkei average futures rose 0.59%. A weaker yen was also a support for local equities, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. The yen was last traded down 0.23% at 143.885 per dollar. Chip-related heavyweights Tokyo Electron and Advantest rose 1.28% and 0.98%, respectively. Automakers rose, with Honda Motor and Nissan Motor gaining 1.19% and 1.38%, respectively, while Toyota Motor inched up 0.17%. Flea market app operator Mercari jumped 5.94% to become the top percentage gainer on the Nikkei, while Oriental Land, the operator of Tokyo Disneyland, rose 2.95%. "When caution persists over the upside of the Nikkei, investors, particularly individuals, tend to look at smaller and domestic-led companies," said Tachibana Securities Kamada. Panasonic Holdings, a supplier of batteries for Tesla, lost 3.58% after Tesla shares plunged 14.3% Shares of ispace were untraded after the moon exploration company said that its uncrewed moon lander likely crashed onto the moon's surface during its lunar touchdown attempt. The stock reached to a limit-low of 744 yen.
Mint
3 days ago
- Automotive
- Mint
Japans Nikkei rises on demand for futures, a weaker yen
TOKYO, - Japan's Nikkei share average rose on Friday, as a weaker yen underpinned sentiment, while demand for the index futures ahead of the fixing of special quotation prices lifted the benchmark cash index. The Nikkei was up 0.47% to 37,730.67 by the midday break and is set to fall 1% for the week. The broader Topix rose 0.56% to 2,771.81 and is poised to fall 1.6%. The Nikkei received technical support ahead of the June 13 fixing of special quotation prices, used to set values on index options and futures, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index," he said. The Nikkei average futures rose 0.59%. A weaker yen was also a support for local equities, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. The yen was last traded down 0.23% at 143.885 per dollar. Chip-related heavyweights Tokyo Electron and Advantest rose 1.28% and 0.98%, respectively. Automakers rose, with Honda Motor and Nissan Motor gaining 1.19% and 1.38%, respectively, while Toyota Motor inched up 0.17%. Flea market app operator Mercari jumped 5.94% to become the top percentage gainer on the Nikkei, while Oriental Land, the operator of Tokyo Disneyland, rose 2.95%. "When caution persists over the upside of the Nikkei, investors, particularly individuals, tend to look at smaller and domestic-led companies," said Tachibana Securities Kamada. Panasonic Holdings, a supplier of batteries for Tesla, lost 3.58% after Tesla shares plunged 14.3% Shares of ispace were untraded after the moon exploration company said that its uncrewed moon lander likely crashed onto the moon's surface during its lunar touchdown attempt. The stock reached to a limit-low of 744 yen. This article was generated from an automated news agency feed without modifications to text.
Business Recorder
16-05-2025
- Business
- Business Recorder
Japanese shares fall on stronger yen
TOKYO: Japanese shares fell on Friday, weighed down by a stronger yen, while investors took a cautious stance after the Nikkei crossed the psychologically important level of 38,000 this week. The Nikkei fell 0.25% to 37,659.39 by the midday break, but is set to rise 0.4% for the week to mark its fifth straight weekly gain. The broader Topix slipped 0.19% to 2,733.8 and is on course for a 0.2% weekly gain. 'The Nikkei rose to 38,000 from around 31,000 in just over a month. Most investors don't think the index will keep rising at the same pace,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. The Nikkei has fully recouped its losses since US President Donald Trump's April 2 tariff announcements, rising more than 20% from its 1-1/2-year low hit on April 7. The yen rose 0.3% to 145.2 against the dollar on Friday after downside surprises on US economic data this week cemented bets of more Federal Reserve rate cuts this year. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. Chip-related Tokyo Electron and Advantest fell 3.21% and 2.62%, respectively, to drag the Nikkei the most. Sony Group slipped 2.96%. Bucking the trend, Mitsubishi UFJ Financial Group rose 1.53% after announcing a share buyback worth about 250 billion yen ($1.72 billion). Peers Sumitomo Mitsui Financial Group and Mizuho Financial Group fell 1.96% and 1.94%, respectively, even as the three banking groups posted record annual net profit in the last financial year. Japan's Nikkei tracks US peers higher, climbs nearly 1% 'Share buybacks are a strong tailwind for stock prices, and Japanese firms are set to buy back as much as 8.5 trillion yen worth of shares in April and May alone. The Nikkei's recovery will continue,' said Tokai Tokyo's Suzuki. Phone company KDDI also rose 0.6% after announcing as much as 400 billion yen ($2.76 billion) worth of share buybacks.
