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Yomiuri Shimbun
3 hours ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Shares End Lower on Caution over US Economic Outlook
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 5 (Reuters) – Japanese shares ended lower on Thursday, with automakers leading the declines, as weak U.S. economic data fueled caution toward the outlook of the world's largest economy. The Nikkei closed 0.51% lower at 37,554.49, while the broader Topix lost 1.03% to 2,756.47. Overnight, U.S. data showed the smallest gain in private payrolls since March 2023 while the service sector contracted for the first time in about a year. 'The market had not expected to see the weak data out of the U.S., so now investors have become cautious about Friday's employment report,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'But the weak economic data means the Federal Reserve may lower interest rates, which is positive for equities. So investors do not have to switch to risk-off mode,' Yasuda said. Shares of Suzuki Motor dropped 3% after a Reuters report revealed the automaker had suspended production of its Swift model, citing disruptions tied to China's rare-earth export restrictions. Toyota Motor and Honda Motor fell 2.72% and 2.67%, respectively, pressured by the yen's overnight gain against the dollar. Overall, automakers and auto parts makers fell 4.66%. The dollar weakened across the board overnight, sending the yen as high as 142.6. The yen was last down 0.3% at 143.185. A stronger Japanese currency tends to hurt shares of exporters, as it decreases the value of overseas profit in yen terms when repatriated to Japan. Bank shares fell as U.S. Treasury yields declined overnight, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group slipping 1.39% and 0.93%, respectively. Chip-related heavyweights rose to track overnight gains in the technology-heavy Nasdaq Composite. Advantest jumped 4.57% and Tokyo Electron rose 3.78%, providing the biggest support to the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 34% rose, 61% declined and 4% were flat.
Business Recorder
5 hours ago
- Automotive
- Business Recorder
Japanese shares slip on caution over US economic outlook, stronger yen
TOKYO: Japanese shares slipped on Thursday as weak US economic data stoked caution toward the outlook of the world's largest economy, while a stronger yen hurt automakers. At 0134 GMT, the Nikkei was down 0.1% at 37,704.91, having trimmed most of a decline of 0.6% earlier in the session. The broader Topix was down 0.64% at 2,627.17. Overnight, US data showed the smallest gain in private payrolls since March 2023 while the service sector contracted for the first time in about a year. 'The market had not expected to see the weak data out of the US, so now investors have become cautious about Friday's employment report,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'But the weak economic data means the Federal Reserve may lower interest rates, which is positive for equities. So investors do not have to switch to risk-off mode,' Yasuda said. The US dollar weakened across the board overnight, sending the yen as high as 142.6. The yen was last down 0.1% at 142.89. A stronger Japanese currency tends to hurt shares of exporters, as it decreases the value of overseas profit in yen terms when repatriated to Japan. Automakers fell, with Toyota Motor and Honda Motor slipping 1.87% and 1.44%, respectively. Overall, automakers and auto parts makers fell 3.8%. Bank shares fell as US Treasury yields declined overnight, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group slipping 1.3% and 1.4%. Japan's Nikkei surges on trade deal hopes lift tech; Toyota Industries slides Chip-related heavyweights rose to track overnight gains in the technology-heavy Nasdaq Composite. Advantest surged 5% and Tokyo Electron rose 3.3%, providing the biggest support to the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 45% rose, 50% fell and 3% were flat.
Economic Times
27-05-2025
- Business
- Economic Times
Nikkei reverses course to end higher as yields fall sharply, yen weakens
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei share average reversed early declines to end higher on Tuesday, as a weaker yen and falling yields on super long-dated bonds lifted Nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the broader Topix rose 0.64% to 2, on Japanese government bonds (JGBs) fell sharply, extending declines, after Reuters reported that Japan would consider trimming the issuance of super-long bonds in the wake of recent sharp rises in yields for the notes."The market's attention is more on JGB yields now, rather than stocks , and the decline in yields on super-long bonds supports sentiment for equity investors," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence yields on super-long bonds surged to record levels last week, after a weak auction of the 20-year bonds and on concerns about political jockeying over a government stimulus yen also weakened against the dollar - which typically tends to boost shares of local firms, as it increases the value of overseas profits in yen terms when firms repatriate them to investor SoftBank Group rose 2.23%, becoming the biggest boost for the of staffing agency Recruit Holdings rose 1.88%, while game-maker Sony also advanced 1.84%.Chip-making equipment maker Tokyo Electron fell 0.69% to drag the Nikkei the operator Tsuruha Holdings trimmed its early losses to rise 0.53% after shareholders approved its merger with Welcia Holdings, despite opposition from U.K.-based fund Orbis the Tokyo Stock Exchange's prime market, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged.
Time of India
27-05-2025
- Business
- Time of India
Nikkei reverses course to end higher as yields fall sharply, yen weakens
Japan's Nikkei share average reversed early declines to end higher on Tuesday, as a weaker yen and falling yields on super long-dated bonds lifted sentiment. The Nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the session. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFDco IA: gana hasta $2,700 a la semana trabajando desde casa Digital Group Prueba ahora Undo The broader Topix rose 0.64% to 2,769.49. Yields on Japanese government bonds (JGBs) fell sharply, extending declines, after Reuters reported that Japan would consider trimming the issuance of super-long bonds in the wake of recent sharp rises in yields for the notes. "The market's attention is more on JGB yields now, rather than stocks , and the decline in yields on super-long bonds supports sentiment for equity investors," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. Live Events The yields on super-long bonds surged to record levels last week, after a weak auction of the 20-year bonds and on concerns about political jockeying over a government stimulus program. The yen also weakened against the dollar - which typically tends to boost shares of local firms, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Technology investor SoftBank Group rose 2.23%, becoming the biggest boost for the Nikkei. Shares of staffing agency Recruit Holdings rose 1.88%, while game-maker Sony also advanced 1.84%. Chip-making equipment maker Tokyo Electron fell 0.69% to drag the Nikkei the most. Drugstore operator Tsuruha Holdings trimmed its early losses to rise 0.53% 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, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged.
Mint
27-05-2025
- Business
- Mint
Nikkei reverses course to end higher as yields fall sharply, yen weakens
(Recasts first paragraph, adds comments, updates with closing prices) TOKYO, May 27 (Reuters) - Japan's Nikkei share average reversed early declines to end higher on Tuesday, as a weaker yen and falling yields on super long-dated bonds lifted sentiment. The Nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the session. The broader Topix rose 0.64% to 2,769.49. Yields on Japanese government bonds (JGBs) fell sharply, extending declines, after Reuters reported that Japan would consider trimming the issuance of super-long bonds in the wake of recent sharp rises in yields for the notes. "The market's attention is more on JGB yields now, rather than stocks, and the decline in yields on super-long bonds supports sentiment for equity investors," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. The yields on super-long bonds surged to record levels last week, after a weak auction of the 20-year bonds and on concerns about political jockeying over a government stimulus program. The yen also weakened against the dollar - which typically tends to boost shares of local firms, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Technology investor SoftBank Group rose 2.23%, becoming the biggest boost for the Nikkei. Shares of staffing agency Recruit Holdings rose 1.88%, while game-maker Sony also advanced 1.84%. Chip-making equipment maker Tokyo Electron fell 0.69% to drag the Nikkei the most. Drugstore operator Tsuruha Holdings trimmed its early losses to rise 0.53% 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, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged. (Reporting by Junko Fujita; Editing by Janane Venkatraman and Sherry Jacob-Phillips)
