Latest news with #TakeoKamai
Japan Times
4 days ago
- Business
- Japan Times
Japan's Nikkei 225 breaches 43,000 for first time ever
Tokyo stocks rose to a record high for a second consecutive day as inflation figures released overnight suggested that interest rates could soon fall in the United States and on positive tariff-related news. After hitting 42,999.71 intraday on Tuesday , the Nikkei 225 stock index breached the 43,000 level for the first time ever on Wednesday and continued higher from the open with some conviction. The benchmark ended the day up 1.30%, at 43,274.67. "If the market continues in this fashion, it does appear that 45,000 is the next target that you're going to be facing,' said Takeo Kamai, head of execution services at CLSA Japan. Shares in Toyota Motor, Japan's largest company by market capitalization, rose 0.7% on Wednesday and is up about 6.4% over the past week. Sony Group shares rose 3.46% while Recruit Holdings gained 5.10%. Mitsubishi Heavy Industries shares were up 3.79% and are trading at all-time highs. Its share price has more than doubled over the past year and has risen 14-fold over the past five years. The yen was steady on Wednesday, strengthening slightly to about ¥147.8 to the dollar. Tuesday's strong performance in Tokyo — with the Nikkei 225 ending the day up 2.15%, at 42,718.17 — was in part triggered by a 90-day trade-war truce between the U.S. and China, Kamai said. On Monday in Washington and Tuesday morning in Beijing, the White House and China's Commerce Ministry issued a statement extending the suspension of higher-rate tariffs on each other for another 90 days to allow for further negotiations. 'I think that was enough to trigger the Nikkei to break new record highs,' Kamai said. 'And then once you break the new record highs, and you see short covering, you see retail buying leveraged ETFs, and then the momentum just builds up to the upside.' On Tuesday, the United States reported that inflation remained steady in July and below expectations, raising hope that tariffs will have a limited effect on prices and allow the U.S. Federal Reserve to start lowering interest rates. Inflation in the United States was 2.7% in July, the Bureau of Labor Statistics reported, lower than the 2.8% forecast by analysts and the same as the June figure. In overnight trading, the Nasdaq Composite index and the S&P 500 index both closed at record highs following the release of the inflation data. A trade deal reached between Japan and the United States on July 22, and subsequent clarifications of the terms of that deal, have also continued to support stocks, Kamai said. 'There's a little bit more, I guess, belief that the rally can continue,' he added. Risks still exist given that trade relations between Japan and the U.S. remain 'murky,' he noted, adding that the market tends to overlook underlying risks these days. The two countries remain at odds over the exact meaning of Japan's $550 billion investment pledge included in the trade agreement, while a drop in auto tariffs has been promised by the United States but not yet implemented. 'The headline risks are definitely out there, so any kind of negative headlines will probably see a quick turnaround in terms of profit taking,' Kamai said.
Business Recorder
01-07-2025
- Business
- Business Recorder
Japan's Nikkei ends at over 11-month high
TOKYO: Japan's Nikkei share average closed at a more than 11-month high on Monday as investor risk appetite grew after a strong rally in US equities, driven by hopes for trade talks and Federal Reserve's rate cuts. The Nikkei rose 0.84% to close at 40,487.39, its highest closing level since July 17. The index narrowed its earlier gains as investors booked profits from the sharp gains of the index, which rose for a fifth straight session. The broader Topix climbed 0.43% to 2,852.84. A strategist at a domestic brokerage said a rally of US equities last week and hopes of Fed rate cuts, as well as easing tension in the Middle East, helped investors to turn 'risk-on'. 'There are still uncertainties surrounding US tariff policy and geopolitical risks as well as the policy of central banks,' said Takeo Kamai, head of execution services at CLSA in Tokyo. 'But that has become a new normal. The Nikkei is strong enough to head towards the next milestone of around the 42,000 level,' he said.
Economic Times
30-06-2025
- Automotive
- Economic Times
Japan's Nikkei ends at over 11-month high as US stocks rally boosts risk appetite
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 more than 11-month high on Monday as investor risk appetite grew after a strong rally in U.S. equities, driven by hopes for trade talks and Federal Reserve's rate Nikkei rose 0.84% to close at 40,487.39, its highest closing level since July 17. The index narrowed its earlier gains as investors booked profits from the sharp gains of the index, which rose for a fifth straight broader Topix climbed 0.43% to 2,852.84.A strategist at a domestic brokerage said a rally of U.S. equities last week and hopes of Fed rate cuts, as well as easing tension in the Middle East, helped investors to turn "risk-on"."There are still uncertainties surrounding U.S. tariff policy and geopolitical risks as well as the policy of central banks," said Takeo Kamai, head of execution services at CLSA in Tokyo."But that has become a new normal. The Nikkei is strong enough to head towards the next milestone of around the 42,000 level," he Street extended its rally on Friday, sending the S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.S. Federal Japan, start-up investor SoftBank Group jumped 4.32% to become the biggest source for the Nikkei's equipment maker Tokyo Electron and chip-testing equipment maker Advantest rose 0.6% fell after U.S. President Donald Trump said in an interview broadcast on Sunday that Japan engages in "unfair" automobile trade with the Motor and Honda Motor lost 1.35% and 1.86%, more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 54% rose and 40% fell, and 4% traded flat.
Time of India
30-06-2025
- Automotive
- Time of India
Japan's Nikkei ends at over 11-month high as US stocks rally boosts risk appetite
Japan's Nikkei share average closed at a more than 11-month high on Monday as investor risk appetite grew after a strong rally in U.S. equities, driven by hopes for trade talks and Federal Reserve's rate cuts. The Nikkei rose 0.84% to close at 40,487.39, its highest closing level since July 17. The index narrowed its earlier gains as investors booked profits from the sharp gains of the index, which rose for a fifth straight session. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Shah Alam: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The broader Topix climbed 0.43% to 2,852.84. A strategist at a domestic brokerage said a rally of U.S. equities last week and hopes of Fed rate cuts, as well as easing tension in the Middle East, helped investors to turn "risk-on". "There are still uncertainties surrounding U.S. tariff policy and geopolitical risks as well as the policy of central banks," said Takeo Kamai, head of execution services at CLSA in Tokyo. Live Events "But that has become a new normal. The Nikkei is strong enough to head towards the next milestone of around the 42,000 level," he said. Wall Street extended its rally on Friday, sending the S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.S. Federal Reserve. In Japan, start-up investor SoftBank Group jumped 4.32% to become the biggest source for the Nikkei's gains. Chip-making equipment maker Tokyo Electron and chip-testing equipment maker Advantest rose 0.6% each. Automakers fell after U.S. President Donald Trump said in an interview broadcast on Sunday that Japan engages in "unfair" automobile trade with the U.S. Toyota Motor and Honda Motor lost 1.35% and 1.86%, respectively. Of more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 54% rose and 40% fell, and 4% traded flat.
Business Times
30-06-2025
- Automotive
- Business Times
Japan's Nikkei ends at over 11-month high as US stocks rally boosts risk appetite
[TOKYO] Japan's Nikkei share average closed at a more than 11-month high on Monday (Jun 30) as investor risk appetite grew after a strong rally in US equities, driven by hopes for trade talks and Federal Reserve's rate cuts. The Nikkei rose 0.84 per cent to close at 40,487.39, its highest closing level since July 17. The index narrowed its earlier gains as investors booked profits from the sharp gains of the index, which rose for a fifth straight session. The broader Topix climbed 0.43 per cent to 2,852.84. A strategist at a domestic brokerage said a rally of US equities last week and hopes of Fed rate cuts, as well as easing tension in the Middle East, helped investors to turn 'risk-on'. 'There are still uncertainties surrounding US tariff policy and geopolitical risks as well as the policy of central banks,' said Takeo Kamai, head of execution services at CLSA in Tokyo. 'But that has become a new normal. The Nikkei is strong enough to head towards the next milestone of around the 42,000 level,' he said. 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 Wall Street extended its rally on Friday, sending the S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the US Federal Reserve. In Japan, start-up investor SoftBank Group jumped 4.32 per cent to become the biggest source for the Nikkei's gains. Chip-making equipment maker Tokyo Electron and chip-testing equipment maker Advantest rose 0.6 per cent each. Automakers fell after US President Donald Trump said in an interview broadcast on Sunday that Japan engages in 'unfair' automobile trade with the US. Toyota Motor and Honda Motor lost 1.35 per cent and 1.86 per cent, respectively. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 54 per cent rose and 40 per cent fell, and 4 per cent traded flat. REUTERS
