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The Mainichi
3 days ago
- Automotive
- The Mainichi
Tokyo stocks rise on solid earnings from Japanese companies
TOKYO (Kyodo) -- Tokyo stocks ended higher Wednesday, lifted by solid earnings reports from certain companies that helped ease concerns over the impact of higher U.S. tariffs. The 225-issue Nikkei Stock Average rose 245.32 points, or 0.60 percent, from Tuesday at 40,794.86. The broader Topix index finished 30.03 points, or 1.02 percent, higher at 2,966.57. On the top-tier Prime Market, the main gainers were real estate, construction and oil and coal product issues. The U.S. dollar briefly fell to the lower 147 yen range in Tokyo, as the yen, seen as a safe-haven asset, was bought amid lingering concern over a U.S. economic slowdown, dealers said. The Nikkei index was initially pressured by the selling of chip shares after U.S. President Donald Trump said he will announce a levy on semiconductors in the "next week or so." However, the market was lifted by the buying of shares in real estate firm Mitsui Fudosan and others after they released strong quarterly earnings. Export-oriented auto shares were also bought back after recent earnings reports showed the negative impact of higher U.S. tariffs on performance is unlikely to be significant. Some companies, however, such as Mazda Motor Corp. did revise downward their business forecast, brokers said. "Recent earnings have shown that the effects of (the tariffs) remain within the scope of expectations at least for now, helping the market emerge from its worse phase," said Makoto Sengoku, senior equity market analyst at Tokai Tokyo Intelligence Laboratory Co.
The Mainichi
24-07-2025
- Business
- The Mainichi
Nikkei ends at 1-year high as fears of tariff impact on economy ease
TOKYO (Kyodo) -- The Nikkei stock index closed at a new one-year high Thursday, with the Topix index ending at a record high, as concerns eased over the impact of U.S. tariffs on the Japanese economy after Tokyo and Washington struck a trade deal. The 225-issue Nikkei Stock Average gained up 655.02 points, or 1.59 percent, from Wednesday at 41,826.34. The broader Topix index finished 51.17 points, or 1.75 percent, higher at 2,977.55. All industry sectors advanced on the top-tier Prime Market, with gainers led by bank, precision instrument and nonferrous metal issues. The U.S. dollar briefly weakened to the upper 145 yen range in Tokyo, as expectations of an additional interest rate hike by the Bank of Japan grew and uncertainty over the Japanese economy receded following the trade deal. Japan and the United States agreed on 15 percent tariffs on products from Japan after President Donald Trump said earlier in the month the United States would impose 25 percent tariffs on imports from Japan starting Aug. 1 under "reciprocal" tariffs. Expectations for progress in tariff negotiations between the United States and other countries also grew after a report that the European Union is closing in on a trade deal with Washington, brokers said. "After the Japan-U.S. trade deal was abruptly announced at a time when (market participants) widely thought that it would not be reached by (the deadline of) August, hopes prevailed in the market that other countries will also follow suit," said Yuta Okamoto, market analyst at Tokai Tokyo Intelligence Laboratory Co. Bank shares also remained a market driver on hopes for improved profits amid a rise in Japanese long-term yields. After the benchmark Nikki index briefly rose above the 42,000 line, some investors moved to lock in profits from recent market gains. But, investors may chase the upside if they confirm solid earnings from major companies that are slated to release quarterly results soon, Okamoto added.
The Mainichi
26-06-2025
- Business
- The Mainichi
Nikkei stock index ends at 5-month high on firm chip shares
TOKYO (Kyodo) -- Tokyo stocks climbed Thursday for a third straight day, with the Nikkei index ending at a five-month high, boosted by semiconductor-related shares amid hopes for robust demand for artificial intelligence. The 225-issue Nikkei Stock Average ended up 642.51 points, or 1.65 percent, from Wednesday at 39,584.58, its highest level since Jan. 24. The broader Topix index finished 22.45 points, or 0.81 percent, higher at 2,804.69. On the top-tier Prime Market, gainers were led by nonferrous metal, electric power and gas and insurance issues. The U.S. dollar weakened to around the 144 yen line in Tokyo after a report that U.S. President Donald Trump, seeking a cut in interest rates, is considering to name his candidate to succeed Federal Reserve Chair Jerome Powell early. On the stock market, heavyweight semiconductor issues drew buying tracking an overnight advance of the tech-heavy U.S. Nasdaq index, with Japanese chip testing equipment maker Advantest soaring to a record high. Their recent advances came after sluggish performance due to concerns about U.S. restrictions of chip-related exports to China. "Considering their share price levels in the first half of last year, there is still room for chip stocks to rebound further," said Yuta Okamoto, market analyst at Tokai Tokyo Intelligence Laboratory Co. Meanwhile, some automaker shares were sold amid receding hopes for progress in U.S.-Japan tariff negotiations, brokers said.
The Mainichi
22-05-2025
- Business
- The Mainichi
Tokyo stocks fall as firmer yen hits exporters amid US fiscal woes
TOKYO (Kyodo) -- Tokyo stocks fell Thursday, with the Nikkei index closing at a two-week low, as export-linked shares were sold on a firmer yen amid concerns over deteriorating U.S. fiscal health. The 225-issue Nikkei Stock Average ended down 313.11 points, or 0.84 percent, from Wednesday at 36,985.87, its lowest level since May 8. The broader Topix index finished 15.79 points, or 0.58 percent, lower at 2,717.09. On the top-tier Prime Market, decliners were led by air transportation, transportation equipment, and oil and coal product issues. The U.S. dollar fell to the lower 143 yen range in Tokyo as the yen, viewed as a safe-haven asset, was bought on concern that President Donald Trump's tax cut plan could lead to rising U.S. debt, dealers said. The dollar briefly rose to the lower 144 yen range in early morning trading after the Japanese and U.S. finance chiefs reaffirmed that exchange rates should be determined by markets, but the statement had limited market impact, dealers said. The Tokyo stock market was weighed down by overnight declines in U.S. equities, bonds and the dollar, while the yen strengthened further following a meeting between Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent. The yen had been climbing against the dollar amid speculation that the United States might address its weakness ahead of Wednesday's talks between the two officials on the sidelines of a Group of Seven meeting. "The triple selloff in U.S. financial markets apparently had more impact" than the outcome of the bilateral meeting, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory Co. Export-oriented auto stocks were sold as a stronger yen reduces automakers' overseas profits when repatriated, while heavyweight tech shares also fell due to a rise in Japanese long-term interest rates, brokers said.
The Mainichi
12-05-2025
- Business
- The Mainichi
Tokyo stocks end higher on optimism over US-China trade talks
TOKYO (Kodo) -- Tokyo stocks ended higher Monday, backed by hopes for easing trade tensions between the United States and China following their first ministerial-level talks since U.S. President Donald Trump imposed steep tariffs on imports. The 225-issue Nikkei Stock Average ended up 140.93 points, or 0.38 percent, from Friday at 37,644.26. The broader Topix index finished 8.59 points, or 0.31 percent, higher at 2,742.08. On the top-tier Prime Market, gainers were led by warehousing and harbor transportation service, mining and securities house issues. The U.S. dollar remained firm against the yen in Tokyo, rising to above 147 yen later in the afternoon, as the Japanese currency, seen as a safe-haven asset, was sold on receding fears of an intensified trade conflict between the world's two largest economies, dealers said. Tokyo stocks opened higher after China's official media reported that Beijing agreed with Washington during weekend trade talks in Geneva to establish an economic and trade mechanism. But they fell at one point into negative territory as some investors locked in gains following sharp advances on Friday, brokers said. "While details of the meeting remain unknown, the development can be taken relatively positively as there seems to be a conciliatory mood," said Makoto Sengoku, senior equity market analyst at Tokai Tokyo Intelligence Laboratory Co. Export-linked auto and machinery shares were supported by a weak yen, which increases exporters' overseas profits when repatriated.
