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Business Recorder
5 days ago
- Business
- Business Recorder
Japan's Topix hits record high
TOKYO: Japan's Topix index closed at a record high on Thursday after worries about the impact of US tariffs eased, and increased investor optimism about strong performance of domestic firms. The broader Topix rose 0.72% to 2,987.92. The Nikkei climbed 0.65% to 41,059.15. Both indexes rose for a third consecutive session. The three-day rally eclipsed a sharp decline on Monday, when the Nikkei posted its largest drop in two months. 'The market was too bearish, with concerns about the US tariff impact on domestic firms. But that sentiment was reversed,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. 'And the weak economic data in the US raised expectations for the Federal Reserve's rate cut, which supported sentiment of both US and Japanese equities,' said Suzuki. Sony Group jumped 4% to provide the biggest boost to the Topix, after the game and camera maker raised its full-year operating profit forecast by 4%.
Mint
5 days ago
- Automotive
- Mint
Japans Topix hits record high on easing US tariff worries, domestic firms outlook
Japan's Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms. The broader Topix rose 0.72% to 2,987.92. The Nikkei climbed 0.65% to 41,059.15. Both indexes rose for a third consecutive session. The three-day rally eclipsed a sharp decline on Monday, when the Nikkei posted its largest drop in two months. "The market was too bearish, with concerns about the U.S. tariff impact on domestic firms. But that sentiment was reversed," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "And the weak economic data in the U.S. raised expectations for the Federal Reserve's rate cut, which supported sentiment of both U.S. and Japanese equities," said Suzuki. Sony Group jumped 4% to provide the biggest boost to the Topix, after the game and camera maker raised its full-year operating profit forecast by 4%. The Topix index held its momentum even as heavyweight Toyota Motor slipped 1.5% after the automaker cut its full-year operating profit forecast by 16%. Shares of Mitsubishi UFJ Financial Group rose 1.85% and Sumitomo Mitsui Financial Group gained 1.35%. M3's shares surged 22% after Goldman Sachs raised the target price for the medical services platform operator to 2,300 yen from 2,250 yen. Cosmetic maker Shiseido jumped 11%. Chip-making equipment maker Tokyo Electron fell for a third day, falling 2.46% on Thursday to weigh on the Nikkei the most. Chip-testing equipment maker Advantest reversed early losses to end 0.3% higher. This article was generated from an automated news agency feed without modifications to text.
Business Recorder
29-07-2025
- Business
- Business Recorder
Nikkei ends lower as investors gauge corporate earnings
TOKYO: Japan's Nikkei share reversed course to end lower on Monday, as investors locked in profits following a recent rally and shifted their focus to domestic corporate earnings. The Nikkei dropped 1.1% to close at 40,998.27, after rising as much as 0.2% earlier in the session. The broader Topix slipped 0.72% to 2,930.73. 'Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. 'But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities.' Last week, the Nikkei climbed to a one-year high after Japan and the United States struck a deal to lower the hefty tariffs US President Donald Trump threatened to impose on goods from Japan. Chip-related shares led the declines, with Advantest tanking 8.96% to become the biggest drag in the Nikkei.
Economic Times
28-07-2025
- Business
- Economic Times
Japan's Nikkei ends lower as investors gauge corporate earnings
Japan's Nikkei share reversed course to end lower on Monday, as investors locked in profits following a recent rally and shifted their focus to domestic corporate earnings. The Nikkei dropped 1.1% to close at 40,998.27, after rising as much as 0.2% earlier in the session. ADVERTISEMENT The broader Topix slipped 0.72% to 2,930.73. "Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities." Last week, the Nikkei climbed to a one-year high after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Chip-related shares led the declines, with Advantest tanking 8.96% to become the biggest drag in the Nikkei. ADVERTISEMENT Screen Holdings lost 9.74% to become the top percentage loser in the Nikkei, after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector fell 2.86% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. ADVERTISEMENT Bucking the trend, Fanuc jumped 5% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 42% rose and 52% fell, with 4% trading flat. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
28-07-2025
- Business
- Time of India
Japan's Nikkei ends lower as investors gauge corporate earnings
Japan's Nikkei share reversed course to end lower on Monday, as investors locked in profits following a recent rally and shifted their focus to domestic corporate earnings . The Nikkei dropped 1.1% to close at 40,998.27, after rising as much as 0.2% earlier in the session. The broader Topix slipped 0.72% to 2,930.73. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics PGDM Operations Management Cybersecurity MCA Technology Artificial Intelligence Data Science MBA Healthcare Design Thinking Public Policy healthcare Finance Degree Data Science Product Management others CXO Management Leadership Digital Marketing Others Project Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo "Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities." Last week, the Nikkei climbed to a one-year high after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Live Events Chip-related shares led the declines, with Advantest tanking 8.96% to become the biggest drag in the Nikkei. Screen Holdings lost 9.74% to become the top percentage loser in the Nikkei, after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector fell 2.86% to become the worst performer among the Tokyo Stock Exchange 's 33 industry sub-indexes. Bucking the trend, Fanuc jumped 5% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 42% rose and 52% fell, with 4% trading flat.
