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Business Recorder
27-05-2025
- Business
- Business Recorder
Nikkei slips as stronger yen weighs, market lacks clear direction
TOKYO: Japan's Nikkei share average dropped on Tuesday, pressured by a stronger yen that dampened sentiment, while most investors refrained from active trading amid a lack of clear market-moving catalysts. The Nikkei was down 0.24% at 37,440.32 by the midday break. The broader Topix held its ground at 2,752.87. 'With the US markets closed on Monday, institutional investors stayed cautious and quiet. And it looked like only individual investors were trading small stocks,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'But the market reacted to the yen's gain against the dollar during the session,' said Fujiwara. The yen strengthened against the dollar following comments from Bank of Japan Governor Kazuo Ueda, which signalled the central bank's willingness to raise interest rates. Governor Ueda said that the BOJ must remain vigilant to the risk that rising food prices could drive underlying inflation higher, noting that it is already close to the central bank's 2% target. A stronger yen generally pressures exporter shares, as it diminishes the value of overseas earnings when converted back into Japanese currency. Among individual stocks, chip-making equipment maker Tokyo Electron fell 1.69% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 0.78% and toy maker Konami Group slipped 1%. Japan's Nikkei rises for a second day as trade fears ease, Nippon Steel jumps Shares of staffing agency Recruit Holdings rose 1.37%, while game maker Nintendo also advanced, gaining 0.84%. Drugstore operator Tsuruha Holdings climbed 1.51% after shareholders approved its merger with Welcia Holdings , despite opposition from U.K.-based fund Orbis Investment. On the Tokyo Stock Exchange's prime market, 58% of the over 1,600 listed stocks advanced, 36% declined, and 5% remained unchanged.
Economic Times
22-05-2025
- Business
- Economic Times
Japan's Nikkei closes at two-week low after heavy sell-off of US stocks, bonds
Japan's Nikkei share average closed at a two-week low on Thursday, as investors turned risk-off after sharp declines on Wall Street and a spike in U.S. Treasury yields stoked worries about a flight from U.S. assets. ADVERTISEMENT The Nikkei fell 0.84% at 36,985.87, its lowest close since May 8. The broader Topix slipped 0.58% to 2,717.09. "Caution emerged that there may be another sell-off of U.S. assets. U.S. Treasury yields rose, but the U.S. dollar weakened," said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. "The sell-off of U.S. assets overnight reminded the market of the rout in April after (U.S. President Donald) Trump's tariff announcements," he said. Overnight, U.S. stocks closed sharply lower as Treasury yields spiked on worries that U.S. government debt would swell by trillions of dollars if Congress passes Trump's proposed tax-cut bill. ADVERTISEMENT Longer-dated U.S. Treasury yields rose overnight after the Treasury Department's $16 billion sale of 20-year bonds saw soft investor demand. The yen strengthened against the dollar and was last up 0.23 % at 143.36. ADVERTISEMENT Investor sentiment eased due to limited yen gain after the top financial officials of the U.S. and Japan agreed that the dollar-yen exchange rate currently reflects fundamentals, said Shinkin's Fujiwara. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. ADVERTISEMENT Among individual stocks, chip-related Tokyo Electron and Advantest fell 2.43% and 3.22%, respectively, dragging the Nikkei the most. Railway operator Keisei Electric Railway shed 10.87% to become the biggest percentage loser on the Nikkei. Cable maker Furukawa Electric, a gauge for AI-related investment, jumped 11.33% to become the top performer. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
22-05-2025
- Business
- Business Recorder
Japan's Nikkei falls to two-week low after heavy sell-off of US stocks, bonds
TOKYO: Japan's Nikkei share average fell to a two-week low on Thursday, as investors turned risk-off after sharp declines on Wall Street and a spike in US Treasury yields stoked worries about a flight from US assets. As of 0222 GMT, the Nikkei was down 0.8% at 36,998.73, after dropping to 36,873.61, the lowest since May 8. The broader Topix slipped 0.56% to 2,717.68. 'Caution emerged that there may be another sell-off of US assets. US Treasury yields rose, but the US dollar weakened,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'The sell-off of US assets overnight reminded the market of the rout in April after (US President Donald) Trump's tariff announcements in April,' he said. Overnight, US stocks closed sharply lower as Treasury yields spiked on worries that US government debt would swell by trillions of dollars if Congress passes Trump's proposed tax-cut bill. Longer-dated US Treasury yields rose overnight after the Treasury Department's $16 billion sale of 20-year bonds saw soft investor demand. The yen strengthened against the dollar and was last up 0.24 % at 143.32. Investor sentiment eased due to limited yen gain after the top financial officials of the US and Japan agreed that the dollar-yen exchange rate currently reflects fundamentals, said Shinkin's Fujiwara. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. Japan's Nikkei falls on profit-taking Among individual stocks, chip-related Tokyo Electron and Advantest fell 3.42% and 3.27%, respectively, dragging the Nikkei the most. Railway operator Keisei Electric Railway shed 9.8% to become the biggest percentage loser on the Nikkei so far on Thursday. Cable maker Furukawa Electric, a gauge for AI-related investment, jumped 7.7% to become the top performer.
The Star
14-05-2025
- Business
- The Star
Japan stocks head for longest rally since 2009
The benchmark gauge rose as much as 1.9% to 2,794.96 in Tokyo, heading for a 13th straight day of gains. — Bloomberg TOKYO: Japanese stocks extend their climb, putting the Topix on track for its longest winning streak in 16 years, after the United States and China agreed to de-escalate tariffs, boosting risk-on sentiment and sending the yen lower. The benchmark gauge rose as much as 1.9% to 2,794.96 in Tokyo, heading for a 13th straight day of gains, the most since August 2009. The blue-chip Nikkei 225 Stock Average was up as much as 2.3% to 3,8494.06. The climb comes after the United States slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%, following two days of high-stakes talks in Switzerland. The announcement came after Japan's stock market closed on Monday. 'The risk-off sentiment that had built up is easing, and it looks like the buying trend will continue for a while longer,' said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Exporters like Toyota Motor Corp and Nintendo Co contributed most to the Topix's rise, with banks also strong. Firms that make a large chunk of revenue in China, like Yaskawa Electric Corp and Fanuc Corp, were among the Nikkei's top performers. Investors are still waiting for a trade agreement between Japan and the United States. Prime Minister Shigeru Ishiba intends to reach an agreement with the United States in July, according to Asahi. The US-China agreement makes it 'more likely there is a deal between Japan and the United States,' said Kelvin Leung, a portfolio manager at Robeco Hong Kong. 'However, I'm more worried about the fast optimism in Japan,' he said. 'Judging by the index level, expectations are running ahead.' The Nikkei 225 has climbed more than 5% through Monday since US President Donald Trump announced so-called reciprocal tariffs on April 2. — Bloomberg
