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The Mainichi
22-07-2025
- Business
- The Mainichi
Tokyo stocks flat on post-election political uncertainty, US tariff
TOKYO (Kyodo) -- Tokyo stocks ended flat Tuesday, with the Japanese ruling coalition's major setback in a national election weighing on the outlook for the stability of Prime Minister Shigeru Ishiba's government and tariff talks with the United States. The 225-issue Nikkei Stock Average fell 44.19 points, or 0.11 percent, from Friday to 39,774.92. The broader Topix index finished 1.71 points, or 0.06 percent, higher at 2,836.19. Japanese financial markets were closed Monday for a national holiday. On the top-tier Prime Market, decliners were led by pharmaceuticals, precision instrument, and warehousing and harbor transportation service issues, while iron and steel, nonferrous and machinery sectors gained. The U.S. dollar rose to the upper 147 yen level in Tokyo on selling of the yen due to political uncertainties in Japan after the ruling coalition failed to retain its majority in Sunday's House of Councillors election, dealers said. Stocks were initially higher as investors were relieved after the election outcome was largely within expectations and Ishiba said Monday he will remain in office, averting a political upheaval at least for the time being, market analysts said. But stocks later erased gains, as investors turned cautious with the election result leaving the ruling bloc without control of both chambers of parliament and concerns growing over prospects for the Japan-U.S. tariff negotiations. "The election result itself drew buying as the ruling coalition won more seats than expected. But questions remain over the outlook for tariffs negotiations with the United States," said Seiichi Suzuki, chief equity market analyst at the Tokai Tokyo Research Institute. Japan's chief negotiator Ryosei Akazawa is in Washington for the eighth round of ministerial-level talks as the deadline for imposition of U.S. President Donald Trump's so-called reciprocal tariffs looms on Aug. 1. If there is no deal by that date, Japan is set to face a country-specific tariff of 25 percent on its goods, which would be a further drag on its economy. "With the deadline nearing and difficulties of reaching an agreement becoming apparent, investors are not in the mood to proactively buy stocks," Suzuki said.
Time of India
22-04-2025
- Business
- Time of India
Japan's Nikkei ends lower as tariffs, Trump's attacks on Fed chief weigh
Japan's Nikkei recouped some of its early losses but closed lower on Tuesday, as investors bought local stocks amid a broader flight from U.S. assets following President Donald Trump 's continued criticism of the Fed chairman. The Nikkei fell 0.17% to close at 34,220.6. The broader Topix reversed its course to end 0.13% higher at 2,532.12. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tummy Tuck Treatments That Might Surprise You! Tummy Tuck Surgery | Search Ads Undo "The Nikkei showed its strength today even as the yen strengthened," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute. "Investors were looking for something to buy with cash retained from a sell-off of U.S. equities." U.S. stocks suffered steep losses on Monday as Trump ramped up his attacks on Fed Chair Jerome Powell, prompting investors to worry about the central bank's independence even as they grapple with the effects of an ongoing, erratic trade war. Live Events The yen touched 139.885 to the dollar to hit its highest point since mid-September for a safe-haven bet. A stronger yen typically weighs on domestic firms by reducing the value of overseas earnings when converted back into Japanese currency. Uniqlo-brand owner Fast Retailing lost 0.67%, emerging as the biggest laggard in the Nikkei. Shares of chip-related Tokyo Electron and Advantest fell 1.29% and 0.83%, respectively. Phone company KDDI rose 1.4% to provide the biggest support to the Nikkei. The Nikkei hit an 18-month low in early April following Trump's announcement of reciprocal tariffs but has since rebounded to the key 34,000 level. However, it remains halfway to the 38,000 mark it hovered near in late March. "The market is awaiting next cues for the timing to start making active bets, possibly from corporate outlook, particularly from U.S. technology firms and Japanese exporters," said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. Of the more than 1,600 shares traded on the Tokyo Stock Exchange's prime market, 67% rose, 29% fell, and 2% remained flat.
