Latest news with #TOPIX
Saba Yemen
19 hours ago
- Automotive
- Saba Yemen
Japan's TOPIX Index surpasses 3000 points for first time
Tokyo – Saba: The Japanese TOPIX index crossed the 3000-point mark for the first time in its history today, Friday, supported by greater clarity regarding U.S. trade policy alongside strong earnings reports from several major companies. The broader TOPIX index rose 1.7% to reach a record high of 3038.84 points despite losing momentum in the afternoon session, closing the day with a 1.2% gain. This rise was driven by strong performance in the automobile sector, led by Toyota shares, which increased by 3.5%. Meanwhile, the Nikkei index, which focuses on technology sector stocks, climbed 2.4% during the session to 42,033.92 points — its highest level since July 24 — before ending the trading day with a 1.9% gain. The surge came after Japan's trade negotiator, Ryosei Akazawa, announced that the United States has pledged to amend an executive order to avoid overlapping tariffs on Japanese goods. Notably, as part of the trade agreement reached between Japan and the U.S. last month, Washington will reduce tariffs on Japanese car imports from 27.5% to 15%. Whatsapp Telegram Email Print
3 days ago
- Automotive
Profits at Japan Major Listed Firms Seen Down in April-June
News from Japan Economy Aug 8, 2025 22:23 (JST) Tokyo, Aug. 8 (Jiji Press)--Combined profits at major Japanese listed companies are seen to have dropped year on year in April-June, the first decrease in three quarters, according to data collected by SMBC Nikko Securities Inc. The automobile industry has been hit hard by the high tariff policy of the administration of U.S. President Donald Trump. Of the 1,146 firms making up the TOPIX index on the Tokyo Stock Exchange and closing their books in March, 823, or 71.8 pct, have announced their earnings for April-June by Thursday. All of their combined net and other profits posted declines from a year before. Their combined net profits were down 10.2 pct at 11,277.3 billion yen. Net profits at automakers shrank 40 pct, pushing down the overall profits at the listed companies. The drop in the sector reflected the impact of the U.S. tariffs and the yen's appreciation. [Copyright The Jiji Press, Ltd.] Jiji Press
Yomiuri Shimbun
4 days ago
- Business
- Yomiuri Shimbun
TOPIX Hits All-Time High above 3,000 Amid U.S. Tariff Relief
TOKYO (Jiji Press) — Tokyo stocks soared on Friday, with the broad-based TOPIX index finishing above 3,000 for the first time ever, amid relief that the United States will comply with its tariff agreement with Japan. The TOPIX climbed 36.29 points, or 1.21%, from Thursday to end at an all-time closing high of 3,024.21. The benchmark Nikkei 225 average closed at 41,820.48, up 761.33 points, or 1.85%, after briefly surpassing 42,000. Both indexes advanced for the fourth straight trading day. The overnight strength of U.S. technology stocks added to the positive sentiment, boosting Japanese tech names such as SoftBank Group, which also benefitted from its strong April-June earnings report released Thursday, and Advantest. An official at a bank-affiliated securities firm said that there was little selling on rally because many issues hit record highs. 'It seemed that many foreign traders did not want to miss out on the opportunity to buy Japanese stocks,' said an official at a Japanese brokerage firm.
4 days ago
- Business
Tokyo Stocks Surge in Morning; TOPIX Tops 3,000 for 1st Time
News from Japan Aug 8, 2025 11:59 (JST) Tokyo, Aug. 8 (Jiji Press)--Stocks surged on the Tokyo Stock Exchange on Friday morning, sending the broad-based TOPIX index above 3,000 for the first time ever. The TOPIX finished the morning session at 3,037.11, up 49.19 points, or 1.65 pct, from the previous day's close. The benchmark Nikkei 225 average soared 909.53 points, or 2.21 pct, to 41,968.68. The indexes were driven higher by SoftBank Group and other companies that recently released strong earnings reports. Investor sentiment was further boosted by news reports that the U.S. government will revise an executive order for tariffs on Japan to comply with a bilateral agreement. END [Copyright The Jiji Press, Ltd.] Jiji Press
NHK
24-07-2025
- Business
- NHK
Nikkei 225 reaches new high for the year for 2nd day
Tokyo's benchmark stock index has reached a new high for the year for the second day in a row. Shares continued to climb following the Japan-US deal on hopes for more agreements between Washington and other trading partners. The Nikkei 225 closed Thursday at 41,826, up 1.6 percent. Investors picked up a wide range of shares soon after the opening. The index briefly hit the 42,000 mark for the first time since last July when it set its all-time high. The benchmark jumped 3.5 percent on Wednesday after Japan and the United States struck a trade deal. Analysts say there are growing expectations among investors for an agreement between the US and the European Union. Meanwhile, the broader TOPIX closed at its all-time high of 2,977.
