Latest news with #Uniqlo-brand
Yomiuri Shimbun
3 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Falls as Court Battle over US Tariffs Weighs
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 30 (Reuters) – Japan's Nikkei share price average fell on Friday, weighed down by uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs as well as a stronger yen which hurt exporters. At 0134 GMT, the Nikkei index was down 1.4% at 37,880.58. It ended the previous trading session at its highest point in over two weeks and is on course for a 1.9% weekly gain. The broader Topix fell 0.85% to 2,788.17 and is set for a rise of 1.9% for the week. 'Japanese shares rose yesterday on expectations that the impact of Trump's tariffs on the global economy would be eased, but that positive mood was erased overnight,' said market analyst Shuutarou Yasuda at Tokai Tokyo Intelligence Laboratory. A federal appeals court temporarily reinstated the most sweeping of Trump's tariffs on Thursday, a day after a trade court ruled that the president had exceeded his authority in imposing the duties and ordered an immediate block on them. The U.S. dollar fell following the news, pushing the yen as high as 143.45 on Friday. Strong inflation data on Friday for Japan's capital also helped the yen to strengthen, strategists said. Automakers fell, with Toyota Motor and Honda Motor slipping 1.87% and 2% respectively. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. Chip-related shares fell, with Advantest and Tokyo Electron down 3.7% and 3.5% respectively. Uniqlo-brand owner and index heavyweight Fast Retailing fell 2.35% to drag on the Nikkei the most. Bucking the trend, drugmakers rose, with Otsuka and Eisai rising 2.59% and 2.77% respectively to offer the biggest support for the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 38% rose, 56% fell and 5% were flat.
Business Recorder
6 days ago
- Business
- Business Recorder
Nikkei slips as stronger yen weighs, market lacks clear direction
TOKYO: Japan's Nikkei share average dropped on Tuesday, pressured by a stronger yen that dampened sentiment, while most investors refrained from active trading amid a lack of clear market-moving catalysts. The Nikkei was down 0.24% at 37,440.32 by the midday break. The broader Topix held its ground at 2,752.87. 'With the US markets closed on Monday, institutional investors stayed cautious and quiet. And it looked like only individual investors were trading small stocks,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'But the market reacted to the yen's gain against the dollar during the session,' said Fujiwara. The yen strengthened against the dollar following comments from Bank of Japan Governor Kazuo Ueda, which signalled the central bank's willingness to raise interest rates. Governor Ueda said that the BOJ must remain vigilant to the risk that rising food prices could drive underlying inflation higher, noting that it is already close to the central bank's 2% target. A stronger yen generally pressures exporter shares, as it diminishes the value of overseas earnings when converted back into Japanese currency. Among individual stocks, chip-making equipment maker Tokyo Electron fell 1.69% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 0.78% and toy maker Konami Group slipped 1%. Japan's Nikkei rises for a second day as trade fears ease, Nippon Steel jumps Shares of staffing agency Recruit Holdings rose 1.37%, while game maker Nintendo also advanced, gaining 0.84%. Drugstore operator Tsuruha Holdings climbed 1.51% after shareholders approved its merger with Welcia Holdings , despite opposition from U.K.-based fund Orbis Investment. On the Tokyo Stock Exchange's prime market, 58% of the over 1,600 listed stocks advanced, 36% declined, and 5% remained unchanged.
Yomiuri Shimbun
6 days ago
- Business
- Yomiuri Shimbun
Nikkei Slips as Stronger Yen Weighs, Market Lacks Clear Direction
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, May 27 (Reuters) – Japan's Nikkei share average dropped on Tuesday, pressured by a stronger yen that dampened sentiment, while most investors refrained from active trading amid a lack of clear market-moving catalysts. The Nikkei was down 0.24% at 37,440.32 by the midday break. The broader Topix held its ground at 2,752.87. 'With the U.S. markets closed on Monday, institutional investors stayed cautious and quiet. And it looked like only individual investors were trading small stocks,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'But the market reacted to the yen's gain against the dollar during the session,' said Fujiwara. The yen strengthened against the dollar following comments from Bank of Japan Governor Kazuo Ueda, which signaled the central bank's willingness to raise interest rates. Governor Ueda said that the BOJ must remain vigilant to the risk that rising food prices could drive underlying inflation higher, noting that it is already close to the central bank's 2% target. A stronger yen generally pressures exporter shares, as it diminishes the value of overseas earnings when converted back into Japanese currency. Among individual stocks, chip-making equipment maker Tokyo Electron fell 1.69% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 0.78% and toy maker Konami Group slipped 1%. Shares of staffing agency Recruit Holdings rose 1.37%, while game maker Nintendo also advanced, gaining 0.84%. Drugstore operator Tsuruha Holdings climbed 1.51% after shareholders approved its merger with Welcia Holdings, despite opposition from U.K.-based fund Orbis Investment. On the Tokyo Stock Exchange's prime market, 58% of the over 1,600 listed stocks advanced, 36% declined, and 5% remained unchanged.
Time of India
23-05-2025
- Business
- Time of India
Japan's Nikkei pares weekly loss on lower US yields, softer yen
Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week. The gauge closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month. The broader Topix climbed 0.7% to 2,739.13, but closed the week 0.9% lower. "Rises in U.S. Treasury yields have paused and that buoyed appetite for Japanese stocks," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "But for the index to rise higher next week and beyond, it needs some new catalysts," he said. Live Events U.S. Treasury yields fell overnight after a recent selloff drew some buyers at more attractive levels, with 30-year yields reaching the highest in 19 months earlier in the session. The U.S. dollar rebounded after recent losses, pushing the yen down 0.4% to 143.47, after it had briefly strengthened to 142.8 overnight. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. The Nikkei has fully recovered its losses since U.S. President Donald Trump 's April 2 tariff announcement, climbing 25% from its April 7 low to a peak on May 13. "Investors turned cautious about the sharp gains and sold stocks, but they bought stocks today as they were relieved to see the peak of the Nikkei," said Takuro Hayashi, head of the investment research department at IwaiCosmo Securities. Among individual stocks, Uniqlo-brand owner Fast Retailing rose 0.9%. Chip-related Tokyo Electron and Advantest gained 0.3% and 0.5%, respectively. All but seven of Tokyo Stock Exchange's 33 industry sub-indexes rose, with the nonferrous metals sector jumping 3.5% to become the top performer. Cable makers, a gauge for AI investments, advanced, with Fujikura and Furukawa Electric up 4.9% and 4.5%, respectively.
Economic Times
23-05-2025
- Business
- Economic Times
Japan's Nikkei pares weekly loss on lower US yields, softer yen
Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week. ADVERTISEMENT The gauge closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month. The broader Topix climbed 0.7% to 2,739.13, but closed the week 0.9% lower. "Rises in U.S. Treasury yields have paused and that buoyed appetite for Japanese stocks," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "But for the index to rise higher next week and beyond, it needs some new catalysts," he said. U.S. Treasury yields fell overnight after a recent selloff drew some buyers at more attractive levels, with 30-year yields reaching the highest in 19 months earlier in the session. ADVERTISEMENT The U.S. dollar rebounded after recent losses, pushing the yen down 0.4% to 143.47, after it had briefly strengthened to 142.8 overnight. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. ADVERTISEMENT The Nikkei has fully recovered its losses since U.S. President Donald Trump's April 2 tariff announcement, climbing 25% from its April 7 low to a peak on May 13. "Investors turned cautious about the sharp gains and sold stocks, but they bought stocks today as they were relieved to see the peak of the Nikkei," said Takuro Hayashi, head of the investment research department at IwaiCosmo Securities. ADVERTISEMENT Among individual stocks, Uniqlo-brand owner Fast Retailing rose 0.9%. Chip-related Tokyo Electron and Advantest gained 0.3% and 0.5%, respectively. All but seven of Tokyo Stock Exchange's 33 industry sub-indexes rose, with the nonferrous metals sector jumping 3.5% to become the top performer. Cable makers, a gauge for AI investments, advanced, with Fujikura and Furukawa Electric up 4.9% and 4.5%, respectively. (You can now subscribe to our ETMarkets WhatsApp channel)
