Latest news with #TheTokyoStockExchange
Yomiuri Shimbun
an hour ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Falls on Worries about US-China Trade Tension, Stronger Yen
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 2 (Reuters) – Japan's Nikkei share average fell on Monday, dragged lower by worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. As of 0204 GMT, the Nikkei dropped 1.4% at 37,428.14 and the broader Topix slipped 1.02% to 2773. 'Investors were worried about rising uncertainties about trade issues,' said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities. 'Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished.' U.S. President Donald Trump on Friday accused China of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with Beijing. Trump later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and tariffs. The yen strengthened on Monday, following the declines of U.S. Treasury yields on Friday, which also weighed on Japanese stocks, said Arisawa. The yen rose 0.37% to 143.5 against the U.S. dollar. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. 'One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the U.S.,' said Arisawa. Automakers fell, with Toyota Motor and Honda Motor down 2.49% and 2.11%, respectively. Chip-related shares fell, with Advantest and Tokyo Electron slipping 3.57% and 2%, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tire makers losing 1.95% and 2.38%, respectively, to become the worst performers. Sumitomo Realty & Development was up 1.5%, after jumping as much as 7% as a government filing showed an activist Elliott International took a 2.99% stake in the property developer.
Yomiuri Shimbun
3 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Falls as Court Battle over US Tariffs Weighs
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 30 (Reuters) – Japan's Nikkei share price average fell on Friday, weighed down by uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs as well as a stronger yen which hurt exporters. At 0134 GMT, the Nikkei index was down 1.4% at 37,880.58. It ended the previous trading session at its highest point in over two weeks and is on course for a 1.9% weekly gain. The broader Topix fell 0.85% to 2,788.17 and is set for a rise of 1.9% for the week. 'Japanese shares rose yesterday on expectations that the impact of Trump's tariffs on the global economy would be eased, but that positive mood was erased overnight,' said market analyst Shuutarou Yasuda at Tokai Tokyo Intelligence Laboratory. A federal appeals court temporarily reinstated the most sweeping of Trump's tariffs on Thursday, a day after a trade court ruled that the president had exceeded his authority in imposing the duties and ordered an immediate block on them. The U.S. dollar fell following the news, pushing the yen as high as 143.45 on Friday. Strong inflation data on Friday for Japan's capital also helped the yen to strengthen, strategists said. Automakers fell, with Toyota Motor and Honda Motor slipping 1.87% and 2% respectively. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. Chip-related shares fell, with Advantest and Tokyo Electron down 3.7% and 3.5% respectively. Uniqlo-brand owner and index heavyweight Fast Retailing fell 2.35% to drag on the Nikkei the most. Bucking the trend, drugmakers rose, with Otsuka and Eisai rising 2.59% and 2.77% respectively to offer the biggest support for the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 38% rose, 56% fell and 5% were flat.
Yomiuri Shimbun
4 days ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Ends at Two-Week High on US Tariff Relief, Chip Rally
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 29 (Reuters) – Japan's Nikkei ended trade on Thursday at the highest point in more than two weeks after a U.S. court blocked President Donald Trump's tariffs from going into effect, while a weaker yen and a rally in chip-related stocks also supported the benchmark index. The Nikkei climbed 1.88% to 38,432.98, its highest close since May 13. The broader Topix rose 1.53% to 2,812.02. The Manhattan-based Court of International Trade ruled that Trump overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. 'The news was positive as Trump's tariff plans are a headwind for the corporate and economic outlook,' said Kentaro Hayashi, senior strategist at Daiwa Securities. 'And the yen weakened on the news, which drove a rally in the auto sector,' he said. The U.S. dollar surged following the court decision, pushing the yen to fall as low as 146.26 against the greenback. A weaker yen boosts the value of overseas revenues. Chip-related shares jumped after Nvidia beat quarterly sales expectations, with Advantest and Tokyo Electron rising 5.35% and 4.25%, respectively. Cable maker Fujikura, a gauge for AI investments, jumped 5.54%. It lifted the nonferrous metals sector by 5.8%, making it the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Shares of Toyota Motor rose nearly 4%, helping lift the auto and auto parts sector by 3.39%. Hino Motors and Nissan Motor jumped nearly 6% each. On the other hand, toy maker Bandai Namco Holdings fell 2.96% to drag the Nikkei the most.
Yomiuri Shimbun
6 days ago
- Business
- Yomiuri Shimbun
Nikkei Slips as Stronger Yen Weighs, Market Lacks Clear Direction
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 27 (Reuters) – Japan's Nikkei share average dropped on Tuesday, pressured by a stronger yen that dampened sentiment, while most investors refrained from active trading amid a lack of clear market-moving catalysts. The Nikkei was down 0.24% at 37,440.32 by the midday break. The broader Topix held its ground at 2,752.87. 'With the U.S. markets closed on Monday, institutional investors stayed cautious and quiet. And it looked like only individual investors were trading small stocks,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'But the market reacted to the yen's gain against the dollar during the session,' said Fujiwara. The yen strengthened against the dollar following comments from Bank of Japan Governor Kazuo Ueda, which signaled the central bank's willingness to raise interest rates. Governor Ueda said that the BOJ must remain vigilant to the risk that rising food prices could drive underlying inflation higher, noting that it is already close to the central bank's 2% target. A stronger yen generally pressures exporter shares, as it diminishes the value of overseas earnings when converted back into Japanese currency. Among individual stocks, chip-making equipment maker Tokyo Electron fell 1.69% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 0.78% and toy maker Konami Group slipped 1%. Shares of staffing agency Recruit Holdings rose 1.37%, while game maker Nintendo also advanced, gaining 0.84%. Drugstore operator Tsuruha Holdings climbed 1.51% 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, 58% of the over 1,600 listed stocks advanced, 36% declined, and 5% remained unchanged.
Yomiuri Shimbun
7 days ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Rises for a Second Day as Trade Fears Ease, Nippon Steel Jumps
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 26 (Reuters) – Japan's Nikkei share average gained for a second-straight session on Monday as easing trade tensions between the United States and Europe supported risk appetite. Nippon Steel jumped as much as 7.4% after United States President Donald Trump appeared to give his blessing to the company's protracted takeover of U.S. Steel. Demand for equities rose broadly after Trump extended a tariff deadline on Europe, another backtrack from his sweeping 'Liberation Day' import duties announced last month. The Nikkei 225 climbed 0.5% as of the midday break, while broader Topix was up 0.25%. Japanese bonds also rallied after a dramatic week that saw super-long yields rise to records. 'The market is now becoming more and more doubtful about (the) seriousness of the tariff policy, particularly after (Trump) dropped the tariff rates on China,' said Nomura chief macro strategist Naka Matsuzawa. 'The bond market started to stabilize after steepening quite a lot on the long end, rallying for two consecutive days, so I think that gave relief to the stock market as well,' he added. The Japanese yen remained near a one-month high against the U.S. dollar, curbing demand for export-related shares like Mazda Motor, which lost 0.8%. Nippon Steel pared its gains to just 1.6% at the break. The largest percentage gainers in the Nikkei were CyberAgent up 4.4%, followed by Keisei Electric Railway gaining 3.7%. The biggest losers in the index were Konica Minolta down 3.1%, followed by department store operators Retailing and Isetan Mitsukoshi Holdings, both down 2.9%.
