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Economic Times
2 days ago
- Automotive
- Economic Times
Japan's Nikkei falls as US stock futures decline, firmer yen weighs
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japan's Nikkei share average fell on Thursday as a stronger yen prompted a sell-off of exporters, while declines in U.S. stock futures hurt Nikkei fell 0.7% to close at 38,173.09. The broader Topix slipped 0.2%."Investors sold Japanese equities as they bet Wall Street would be weak again later in the day, after seeing declines of U.S. stock futures in Asia hours," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory."But the Nikkei closed above the 38,000 level for a fourth consecutive day, it seems that the index has cleared the first hurdle for further gains."The S&P 500 ended lower overnight, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and trade rs awaited more details on the China-U.S. trade talks.S&P and Nasdaq futures each fell about 0.3% in Asia yen strengthened about 0.6% to trade at 143.67 per owner Fast Retailing dropped 2.6% to drag the Nikkei the declined as the yen gained, with Toyota Motor and Honda Motor losing 1.5% and 0.9%, respectively.A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese yen's strength this week has worked to keep the Nikkei below 38,500, Mizuho Securities analyst Yutaka Miura said."The yen's appreciation trend is expected to continue moderately, which is likely to be a factor in limiting the upside of Japan stocks," he said, predicting the Nikkei will move in the 36,000-39,000 range this the trend among exporters, Nintendo rose 1.1% after the game maker said it had sold more than 3.5 million Switch 2 units in the first four days after its launch, making the console the company's fastest-selling gaming device to Pharma was far and away the Nikkei's top percentage gainer, surging by its daily limit of 17% after Daiwa Securities upgraded the stock.
Time of India
2 days ago
- Business
- Time of India
Japan's Nikkei falls as US stock futures decline, firmer yen weighs
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei share average fell on Thursday as a stronger yen prompted a sell-off of exporters, while declines in U.S. stock futures hurt Nikkei fell 0.7% to close at 38,173.09. The broader Topix slipped 0.2%."Investors sold Japanese equities as they bet Wall Street would be weak again later in the day, after seeing declines of U.S. stock futures in Asia hours," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory."But the Nikkei closed above the 38,000 level for a fourth consecutive day, it seems that the index has cleared the first hurdle for further gains."The S&P 500 ended lower overnight, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more details on the China-U.S. trade talks.S&P and Nasdaq futures each fell about 0.3% in Asia yen strengthened about 0.6% to trade at 143.67 per owner Fast Retailing dropped 2.6% to drag the Nikkei the declined as the yen gained, with Toyota Motor and Honda Motor losing 1.5% and 0.9%, respectively.A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese yen's strength this week has worked to keep the Nikkei below 38,500, Mizuho Securities analyst Yutaka Miura said."The yen's appreciation trend is expected to continue moderately, which is likely to be a factor in limiting the upside of Japan stocks," he said, predicting the Nikkei will move in the 36,000-39,000 range this the trend among exporters, Nintendo rose 1.1% after the game maker said it had sold more than 3.5 million Switch 2 units in the first four days after its launch, making the console the company's fastest-selling gaming device to Pharma was far and away the Nikkei's top percentage gainer, surging by its daily limit of 17% after Daiwa Securities upgraded the stock.
Economic Times
13-05-2025
- Business
- Economic Times
Japan's Nikkei ends higher on US-China trade deal hopes
Japan's Nikkei share average ended higher on Monday as indications of progress in U.S.-China trade talks boosted hopes of a deal between the major economies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japan's Nikkei share average ended higher on Monday as indications of progress in U.S.-China trade talks boosted hopes of a deal between the major Nikkei closed 0.38% higher at 37,644.26, after trading in the negative territory during the broader Topix rose 0.31% to finish at 2,742.08, marking a 12-day winning streak, its longest since October Sino-U.S. trade talks ended on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit , while Chinese officials said an "important consensus" was reached and agreed to launch another new economic dialogue forum."Investors bought stocks on optimism that the trade talks between the U.S. and China made progress," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory."But gains were limited as they sold stocks on the rally. Both the Nikkei and Topix rose sharply, but those rallies were based just on expectations on the trade talk progress."The Nikkei has risen about 20% from its close on April 7, when it fell to a 1-1/2-year low after the announcement of sweeping U.S. rally took the index to 7.75% above its 25-day average on Friday, an indication that the market was overheated, said Maki Sawada, senior strategist at Nomura the day, chip-testing equipment maker Advantest jumped 9% to provide the biggest boost to the Nikkei and was the top percentage gainer on the pharmaceutical sector fell 6.48%, the most among the exchange's 33 industry sub-indexes, after U.S. President Donald Trump said he would sign an executive order to reduce prescription drug and pharmaceutical Pharmaceutical, majority owned by Roche Holdings, sank 11%, the most since March 2011. Takeda Pharmaceutical, which gets more than 50% of its revenue from the US, slid 5.5%.($1 = 146.1000 yen)
