Latest news with #TokyoStockExchange
TimesLIVE
a day ago
- Business
- TimesLIVE
Ivory Coast issues debut Samurai bond in diversification push
Ivory Coast has raised 50-billion Japanese yen (R5.99bn) in an ESG-certified sovereign Samurai bond, it said late on Thursday, the first such issuance by a sub-Saharan African nation. Samurai bonds are debt denominated in the Japanese currency. The West African nation has been diversifying its funding sources, including issuing its first regional currency denominated international bond in March, partly to avoid volatility in the dollar-denominated global capital markets. "After successively establishing a track record on the dollar and euro capital markets, and opening up the CFA franc Eurobond market, Ivory Coast has now entered the yen bond market, the third largest capital market in the world," said the ministry of finance in a statement. The 10-year issue, which was guaranteed by the Japan Bank for International Cooperation (JBIC), came with a 2.3% coupon, the ministry said, and will be listed on the Tokyo Stock Exchange. The attainment of an ESG label by the issue, which shows the bond has met Environmental, Social and Governance standards, helped to boost investor appetite, the ministry said. "This makes Ivory Coast the only sub-Saharan African sovereign currently outstanding in the Samurai market," consultancy Oxford Economics said in a note. South Africa has previously issued Samurai bonds. Emerging market debt sales are on track for another record year, with a number of governments pivoting away from the dollar to other currencies — chiefly the euro, but also the yuan and Swiss franc in a bid to access new markets and cut costs via lower interest rates.
Saba Yemen
2 days ago
- Business
- Saba Yemen
Japanese stock indices close lower ahead of upper House elections
Tokyo – Saba: Japanese stock indices ended lower on Friday, as investors remained cautious ahead of the country's Upper House elections scheduled for early next week. The broader Topix index dropped by 0.19% to close at 2,834.48 points. Advantest, a leading manufacturer of semiconductor testing equipment, was the biggest loser on the index, plunging 4.44%. Disco Corporation also saw a sharp decline, with its shares tumbling 8.79%, following quarterly operating profit forecasts that fell short of market expectations. According to the Tokyo Stock Exchange, the Nikkei 225 index, which includes 225 listed companies, closed the session down 0.21%, ending at 39,819.11 points. On the other hand, SoftBank Group, a major investor in the tech sector, surged 5%, becoming the top gainer and providing key support to the index. Tokyo Electron, a chip equipment manufacturer, also rebounded slightly, gaining 0.29% after early-session losses. In broader market activity, among more than 1,600 shares listed in the Tokyo Stock Exchange's first section, 33% advanced, 63% declined, and 2% remained unchanged. Whatsapp Telegram Email Print
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
North American investors quadruple Japan stock purchases in 1st half
The Tokyo Stock Exchange saw an influx of foreign investment in the first half of the year. (Photo by Yuki Kohara) AKIRA INUJIMA TOKYO -- Value-hunting North American investors sharply raised their bets on the Japanese stock market in the first half of the year as they sought to diversify their portfolios away from the U.S. North American investors bought 835.4 billion yen ($5.62 billion) worth of Japanese equities on a net basis from January to June, four times the year-earlier level, according to data released by the Tokyo Stock Exchange on Friday.
Business Recorder
5 days ago
- Business
- Business Recorder
Japan's Nikkei gains on weaker yen
TOKYO: Japan's Nikkei share average recovered from early losses to end Thursday with solid gains as a weakening yen bolstered sentiment, while chip shares pared declines after Taiwanese chipmaker TSMC posted record earnings. The Japanese currency sank as much as 0.5% against the US dollar, sliding towards Wednesday's 3-1/2-month nadir. A weak currency boosts the value of overseas revenues for heavyweight exporters. Meanwhile, TSMC reported results that topped analyst forecasts during the Tokyo Stock Exchange's afternoon session. It undid some of the pessimism from Dutch chip-making tool supplier ASML's revenue warning, which had weighed on Japanese chip shares in the morning. The tech-heavy Nikkei ended the day up 0.6% at 39,901.19, reversing earlier declines of as much as 0.7%. The broader Topix rose 0.7%. Silicon producer Sumco was the Nikkei's biggest percentage gainer with a 7% jump. AI-focused start-up investor SoftBank Group was the biggest support in index-point terms with a 2.3% increase.
Economic Times
5 days ago
- Business
- Economic Times
Japan's Nikkei gains on weaker yen; chip shares cheer TSMC earnings
Japan's Nikkei share average recovered from early losses to end Thursday with solid gains as a weakening yen bolstered sentiment, while chip shares pared declines after Taiwanese chipmaker TSMC posted record earnings. ADVERTISEMENT The Japanese currency sank as much as 0.5% against the U.S. dollar, sliding towards Wednesday's 3-1/2-month nadir. A weak currency boosts the value of overseas revenues for heavyweight exporters. Meanwhile, TSMC reported results that topped analyst forecasts during the Tokyo Stock Exchange's afternoon session. It undid some of the pessimism from Dutch chip-making tool supplier ASML's revenue warning, which had weighed on Japanese chip shares in the morning. The tech-heavy Nikkei ended the day up 0.6% at 39,901.19, reversing earlier declines of as much as 0.7%. The broader Topix rose 0.7%. Silicon producer Sumco was the Nikkei's biggest percentage gainer with a 7% jump. AI-focused start-up investor SoftBank Group was the biggest support in index-point terms with a 2.3% increase. ADVERTISEMENT Heavily weighted chip-testing machinery maker Advantest was the Nikkei's biggest drag after dropping 0.8%. Chip-making equipment manufacturer Lasertec was another standout loser, with a 4.8% tumble. ASML warned on Wednesday that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. ADVERTISEMENT For Japanese peers, "quarterly orders are likely to fluctuate but, based on the 12-month moving average, orders have not yet entered a recovery phase, similar to ASML," Jefferies analysts wrote in a research note on Wednesday. Orders for extreme ultraviolet lithography equipment, a key component in chipmaking, have been "stalled" since increasing "sharply" in the first half of last year, although a recovery is likely in 2026, they said. ADVERTISEMENT The Nikkei's biggest decliner in percentage terms was Seven & i Holdings, which slumped 9.2% after Canada's Alimentation Couche-Tard ended its takeover bid for the operator of the 7-Eleven convenience store chain. The worst performer among the 33 Topix industry groupings was the mining sub-index, which includes oil explorers, which sank 1.0% with Brent oil languishing below $70 a barrel this week. The oil and coal sub-index lost 0.8%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
