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New Straits Times
3 days ago
- Automotive
- New Straits Times
Japan's Nikkei ends lower as court battle over US tariffs weighs
TOKYO: Japan's Nikkei share price average ended lower on Friday, weighed down by uncertainty surrounding a court battle about US President Donald Trump's tariffs as well as a stronger yen which hurt exporters. The Nikkei index fell 1.22 per cent to close at 37,965.1, having ended the previous trading session at its highest point in more than two weeks. It rose 2.17 per cent over the week. The broader Topix fell 0.37 per cent to 2,801.57 and rose 2.41 per cent 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 US 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 Nissan Motor and Honda Motor slipping 3.13 per cent and 1.87 per cent, respectively. Toyota Motor erased early loss to end 1.26 per cent higher. 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 3.61 per cent and 4.76 per cent respectively, to drag on the Nikkei the most. Bucking the trend, drugmakers rose, with Otsuka Holdings jumping 6.82 per cent to provide the biggest support for the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 57 per cent rose, 38 per cent fell and 3 per cent were flat.
Mint
6 days ago
- Business
- Mint
Nikkei reverses course to end higher as yields fall sharply, yen weakens
(Recasts first paragraph, adds comments, updates with closing prices) TOKYO, May 27 (Reuters) - Japan's Nikkei share average reversed early declines to end higher on Tuesday, as a weaker yen and falling yields on super long-dated bonds lifted sentiment. The Nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the session. The broader Topix rose 0.64% to 2,769.49. Yields on Japanese government bonds (JGBs) fell sharply, extending declines, after Reuters reported that Japan would consider trimming the issuance of super-long bonds in the wake of recent sharp rises in yields for the notes. "The market's attention is more on JGB yields now, rather than stocks, and the decline in yields on super-long bonds supports sentiment for equity investors," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. The yields on super-long bonds surged to record levels last week, after a weak auction of the 20-year bonds and on concerns about political jockeying over a government stimulus program. The yen also weakened against the dollar - which typically tends to boost shares of local firms, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Technology investor SoftBank Group rose 2.23%, becoming the biggest boost for the Nikkei. Shares of staffing agency Recruit Holdings rose 1.88%, while game-maker Sony also advanced 1.84%. Chip-making equipment maker Tokyo Electron fell 0.69% to drag the Nikkei the most. Drugstore operator Tsuruha Holdings trimmed its early losses to rise 0.53% 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, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged. (Reporting by Junko Fujita; Editing by Janane Venkatraman and Sherry Jacob-Phillips)
Time of India
23-05-2025
- Business
- Time of India
Japan's Nikkei pares weekly loss on lower US yields, softer yen
Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week. The gauge closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month. The broader Topix climbed 0.7% to 2,739.13, but closed the week 0.9% lower. "Rises in U.S. Treasury yields have paused and that buoyed appetite for Japanese stocks," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "But for the index to rise higher next week and beyond, it needs some new catalysts," he said. Live Events U.S. Treasury yields fell overnight after a recent selloff drew some buyers at more attractive levels, with 30-year yields reaching the highest in 19 months earlier in the session. The U.S. dollar rebounded after recent losses, pushing the yen down 0.4% to 143.47, after it had briefly strengthened to 142.8 overnight. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. The Nikkei has fully recovered its losses since U.S. President Donald Trump 's April 2 tariff announcement, climbing 25% from its April 7 low to a peak on May 13. "Investors turned cautious about the sharp gains and sold stocks, but they bought stocks today as they were relieved to see the peak of the Nikkei," said Takuro Hayashi, head of the investment research department at IwaiCosmo Securities. Among individual stocks, Uniqlo-brand owner Fast Retailing rose 0.9%. Chip-related Tokyo Electron and Advantest gained 0.3% and 0.5%, respectively. All but seven of Tokyo Stock Exchange's 33 industry sub-indexes rose, with the nonferrous metals sector jumping 3.5% to become the top performer. Cable makers, a gauge for AI investments, advanced, with Fujikura and Furukawa Electric up 4.9% and 4.5%, respectively.
Economic Times
23-05-2025
- Business
- Economic Times
Japan's Nikkei pares weekly loss on lower US yields, softer yen
Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week. ADVERTISEMENT The gauge closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month. The broader Topix climbed 0.7% to 2,739.13, but closed the week 0.9% lower. "Rises in U.S. Treasury yields have paused and that buoyed appetite for Japanese stocks," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "But for the index to rise higher next week and beyond, it needs some new catalysts," he said. U.S. Treasury yields fell overnight after a recent selloff drew some buyers at more attractive levels, with 30-year yields reaching the highest in 19 months earlier in the session. ADVERTISEMENT The U.S. dollar rebounded after recent losses, pushing the yen down 0.4% to 143.47, after it had briefly strengthened to 142.8 overnight. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. ADVERTISEMENT The Nikkei has fully recovered its losses since U.S. President Donald Trump's April 2 tariff announcement, climbing 25% from its April 7 low to a peak on May 13. "Investors turned cautious about the sharp gains and sold stocks, but they bought stocks today as they were relieved to see the peak of the Nikkei," said Takuro Hayashi, head of the investment research department at IwaiCosmo Securities. ADVERTISEMENT Among individual stocks, Uniqlo-brand owner Fast Retailing rose 0.9%. Chip-related Tokyo Electron and Advantest gained 0.3% and 0.5%, respectively. All but seven of Tokyo Stock Exchange's 33 industry sub-indexes rose, with the nonferrous metals sector jumping 3.5% to become the top performer. Cable makers, a gauge for AI investments, advanced, with Fujikura and Furukawa Electric up 4.9% and 4.5%, respectively. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
23-05-2025
- Business
- Business Recorder
Japan's Nikkei climbs on lower US yields, softer yen
TOKYO: Japan's Nikkei share average climbed on Friday, supported by falling US Treasury yields and a weaker yen, although the index is on track to break its four-week winning streak. The Nikkei was up 0.8% at 37,280.84 by the midday break, but has lost 1.25% so far this week. The broader Topix climbed 0.81% to 2,739.13, though on course to close the week 0.85% lower. 'Rises in US Treasury yields have paused and that buoyed appetite for Japanese stocks,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'But for the index to rise higher next week and beyond, it needs some new catalysts,' he said. US Treasury yields fell overnight after a recent selloff drew some buyers at more attractive levels, with 30-year yields reaching the highest in 19 months earlier in the session. The US dollar rebounded after recent losses, pushing the yen down 0.27% to 143.575, after it had briefly strengthened to 142.8 overnight. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. The Nikkei has fully recovered its losses since US President Donald Trump's April 2 tariff announcement, climbing 25% from its April 7 low to a peak on May 13. Japan's Nikkei falls to two-week low after heavy sell-off of US stocks, bonds 'Investors turned cautious about the sharp gains, and sold stocks, but they bought stocks today as they were relieved to see the peak of the Nikkei,' said Takuro Hayashi, head of the investment research department at IwaiCosmo Securities. Among individual shares, Uniqlo-brand owner Fast Retailing rose 1.33% to become the biggest boost to the Nikkei. Chip-related Tokyo Electron and Advantest rose 0.68% and 1.92%, respectively. All but four of the Tokyo Stock Exchange's 33 industry sub-indexes rose, with the nonferrous metal sector jumping 3.5% to become the top performer. Cable makers, a gauge for AI investments, advanced, with Fujikura and Furukawa Electric up 5.17% and 4.36%, respectively.
