Latest news with #TakamasaIkeda
Yomiuri Shimbun
8 hours ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Ends at 6-Month High, Tracking Wall Street Rally
TOKYO, June 27 (Reuters) – Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, 2024. The broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week. 'Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Defense-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defense spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72% rose, 24% fell and 2% traded flat.
Business Times
8 hours ago
- Business
- Business Times
Japan's Nikkei ends at 6-month high, tracking Wall Street rally
[TOKYO] Japan's Nikkei share average closed at a six-month high on Friday (Jun 27), as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43 per cent to 40,150.79, its highest closing level since Dec 27. The index rose 4.6 per cent for the week, its sharpest weekly gain since the week of Sep 23, 2024. The broader Topix rose 1.28 per cent to 2,840.54, gaining 2.5 per cent for the week. 'Investors finally became willing to make long positions on US stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the US trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3 per cent to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54 per cent. Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15 per cent and 2.71 per cent, respectively, on expectations of increased defence spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07 per cent, weighing the most on the index, as investors booked profits from its more than 40 per cent rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72 per cent rose, 24 per cent fell and 2 per cent traded flat. REUTERS
Time of India
9 hours ago
- Business
- Time of India
Japan's Nikkei hits 40,000 level, ends at 6-month high tracking Wall Street rally
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week."Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut," said Takamasa Ikeda, senior portfolio manager at GCI Asset Management."Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors."Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defence spending in the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month."Still, the rally on overall IT-related shares will continue. The market is just relocating their targets," Ikeda the more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 72% rose, 24% fell and 2% traded flat.
Business Recorder
9 hours ago
- Business
- Business Recorder
Japan's Nikkei ends at 6-month high, tracking Wall Street rally
TOKYO: Japan's Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street's robust finish overnight. The Nikkei jumped 1.43% to 40,150.79, its highest closing level since December 27. The index rose 4.6% for the week, its sharpest weekly gain since the week of September 23, 2024. The broader Topix rose 1.28% to 2,840.54, gaining 2.5% for the week. 'Investors finally became willing to make long positions on U.S. stocks, underpinned by positive news around easing tensions in the Middle East and expectations for the interest rate cut,' said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. 'Japanese equities mirrored the U.S. trend, led by stocks which are popular among foreign investors.' Overnight, Wall Street finished higher, with the S&P 500 and the Nasdaq just shy of record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the Federal Reserve lowering borrowing costs this year. In Japan, technology stocks rose, with chip-making equipment maker Tokyo Electron jumping 4.3% to boost the Nikkei the most. Tech start-up investor SoftBank Group rose 2.54%. Japan's Nikkei ends at over 4-month high Defence-related stocks Kawasaki Heavy Industries and Mitsubishi Heavy Industries rose 6.15% and 2.71%, respectively, on expectations of increased defence spending in Japan. Bucking the trend, chip-testing equipment maker Advantest lost 1.07%, weighing the most on the index, as investors booked profits from its more than 40% rise this month. 'Still, the rally on overall IT-related shares will continue. The market is just relocating their targets,' Ikeda said. Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 72% rose, 24% fell and 2% traded flat.
Yahoo
14-02-2025
- Business
- Yahoo
Japan's Biggest IPO Since SoftBank Seeks to Raise $3 Billion
(Bloomberg) -- An initial public offering from a key global supplier of semiconductor materials is seeking to raise about ¥460 billion ($3 billion) in what would be Japan's biggest such deal since 2018. Can Portland Turn a Corner? Why American Mobility Ground to a Halt SpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in May Saudi Arabia's Neom Signs $5 Billion Deal for AI Data Center Cutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank Says JX Advanced Metals Corp., a unit of oil giant Eneos Holdings Inc., set an indicative price of ¥862 per share, according to a company filing to the Ministry of Finance Friday. Final pricing will be on March 10, and JX will list on the Tokyo Stock Exchange on March 19. The deal would exceed last year's blockbuster share debut of subway operator Tokyo Metro Co., and be the largest since SoftBank Corp.'s listing in December 2018. The share offering points to another stellar year for Japanese IPOs, which outperformed the region in 2024. The mega deal from the metals company is being closely watched by other firms seeking to go public, and as a guide to whether the market's bullishness will be sustained. This large deal would set the tone for upcoming IPOs, said Takamasa Ikeda, a senior portfolio manager at GCI Asset Management Inc. He added that if JX's share performance after listing is solid, it should support sentiment, especially for retail investors. Japan's biggest oil refiner Eneos is selling as much as 534.9 million shares in JX, and has said it would use funds raised to improve shareholder returns and investment in decarbonization. Tokyo-based Eneos reported Friday that its third-quarter operating income beat estimates. The listing should help promote corporate value for both firms, Eneos said in October as JX shifts its focus to become a market leader in the semiconductor and technology sectors. JX has about 60% of the global market share for so-called sputtering target materials, which are used in the circuitry of semiconductors, according to its website. This means the IPO will also reflect demand for chips, a critical component in the fast-developing AI sector. Joint global coordinators on the deal are Daiwa Securities Group Inc., JPMorgan Chase & Co., Morgan Stanley and Mizuho Financial Group Inc. The nation's IPO market saw more than ¥960 billion of offerings last year, with major deals including Kioxia Holdings Corp. and Rigaku Holdings Corp. The total proceeds was the largest since 2018 as private equity fund-backed listings like MBK Partners Ltd.-backed Kuroda Group Co. took place. --With assistance from Shoko Oda. (Updates with chart, banks in eighth paragraph.) Japan Perfected 7-Eleven. Why Can't the US Get It Right? Elon Musk's DOGE Is a Force Americans Can't Afford to Ignore How Silicon Valley Swung From Obama to Trump How Oura's Smart Ring Bridged the Gap From Tech Bros to Normies The Game Changer: How Ely Callaway Remade Golf ©2025 Bloomberg L.P. Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data
