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Business Recorder
16-07-2025
- Business
- Business Recorder
Japan's Nikkei ends flat
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. 'Investors have excuses for not buying or selling stocks,' said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. 'They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches.' Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high.
New Straits Times
16-07-2025
- Business
- New Straits Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04 per cent lower at 39,663.4. The broader Topix fell 0.21 per cent to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75 per cent and 0.64 per cent, respectively, to track Nvidia's 4 per cent gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09 per cent after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91 per cent to weigh on the Nikkei the most. Toyota Motor lost 0.89 per cent even as the yen fell to a more than three-month low against the dollar. "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25 per cent.
Economic Times
16-07-2025
- Business
- Economic Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. ADVERTISEMENT The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. ADVERTISEMENT Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. ADVERTISEMENT Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. ADVERTISEMENT "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
16-07-2025
- Business
- Business Recorder
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. 'Investors have excuses for not buying or selling stocks,' said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. 'They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches.' Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Japan's Nikkei falls for 3rd day as trade impasse, election weigh on sentiment Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the 'Godzilla' movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. 'Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations,' said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%.
Business Recorder
16-07-2025
- Business
- Business Recorder
Japan's Nikkei inches down as election, tariff worries overshadow gains of chip-related shares
TOKYO: Japan's Nikkei share average inched down on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.09% lower at 39,642.4 by the midday break, after swaying between small gains and losses. The broader Topix fell 0.29% to 2,817.05. 'Investors have excuses for not buying or selling stocks,' said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. 'They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches.' A defeat of the ruling Liberal Democratic Party and its coalition partner Komeito in the election on July 20 could empower opposition parties that have pledged to cut or abolish the sales tax. Such worries sent Japanese government bond yields to historic high levels, driving worries about higher borrowing costs. Japan's Nikkei falls for 3rd day as trade impasse, election weigh on sentiment Chip-related heavyweights Tokyo Electron and Advantest rose 2.94% and 0.9%, respectively, to track Nvidia's 4% gain overnight. Shares of Nvidia jumped after the AI chip leader unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record. Toho jumped 10.06% after the creator of the 'Godzilla' movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 1.2% to weigh on the Nikkei the most. Toyota Motor lost 0.93% even as the yen fell to a more than three-month low against the dollar. 'Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations,' said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%.
