Latest news with #Uniqlo-brand
New Straits Times
6 days ago
- Business
- New Straits Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04 per cent lower at 39,663.4. The broader Topix fell 0.21 per cent to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75 per cent and 0.64 per cent, respectively, to track Nvidia's 4 per cent gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09 per cent after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91 per cent to weigh on the Nikkei the most. Toyota Motor lost 0.89 per cent even as the yen fell to a more than three-month low against the dollar. "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25 per cent.
Economic Times
6 days ago
- Business
- Economic Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. ADVERTISEMENT The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. ADVERTISEMENT Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. ADVERTISEMENT Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. ADVERTISEMENT "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
6 days ago
- Business
- Business Recorder
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. 'Investors have excuses for not buying or selling stocks,' said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. 'They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches.' Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Japan's Nikkei falls for 3rd day as trade impasse, election weigh on sentiment Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the 'Godzilla' movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. 'Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations,' said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%.
Business Recorder
11-07-2025
- Business
- Business Recorder
Japan's Nikkei reverses early gains as Fast Retailing tanks
TOKYO: Japan's Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% for the week. The broader Topix was up 0.73% at 2,832.86. Fast Retailing tanked 6.7% after the company said on Thursday higher US tariffs would start impacting its US operation significantly from later this year and it planned to raise prices to mitigate the blow. 'Investors were worried about Fast Retailing's outlook for the next fiscal year. Still, gains of technology stocks supported the index,' said Kentaro Hayashi, senior strategist at Daiwa Securities. The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said. Chip-testing equipment maker Advantest rose 0.9% to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight. Air-conditioning maker Daikin Industries climbed 2,87%. Silicon wafer maker Sumco jumped 3.95% to become the best percentage gainer on the Nikkei. Bank shares advanced, aiding gains in the Topix, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group rising 2.66% each. Toyota Motor added 1.66%. Seven & I Holdings rose 3.63% after the convenience store operator posted a 9.7% rise in quarterly operating profit, beating analysts' estimates.
Yomiuri Shimbun
11-07-2025
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Reverses Early Gains as Fast Retailing Tanks
TOKYO, July 11 (Reuters) – Japan's Nikkei share average reversed early gains to trade marginally lower on Friday as declines in Uniqlo-brand owner Fast Retailing erased gains in technology heavyweights. The Nikkei was down 0.1% to 39,595.96 as of 0158 GMT, after rising as much as 0.8% earlier in the session. The index is on track to lose 0.5% for the week. The broader Topix .TOPX was up 0.73% at 2,832.86. Fast Retailing9983.T tanked 6.7% after the company said on Thursday higher U.S. tariffs would start impacting its U.S. operation significantly from later this year and it planned to raise prices to mitigate the blow. 'Investors were worried about Fast Retailing's outlook for the next fiscal year. Still, gains of technology stocks supported the index,' said Kentaro Hayashi, senior strategist at Daiwa Securities. The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said. Chip-testing equipment maker Advantest 6857.T rose 0.9% to track a 0.75% gain in the Philadelphia SE Semiconductor Index .SOX overnight. Air-conditioning maker Daikin Industries 6367.T climbed 2,87%. Silicon wafer maker Sumco 3436.T jumped 3.95% to become the best percentage gainer on the Nikkei. Bank shares advanced, aiding gains in the Topix, with Mitsubishi UFJ Financial Group 8306.T and Sumitomo Mitsui Financial Group 8316.T rising 2.66% each. Toyota Motor 7203.T added 1.66%. Seven & I Holdings3382.T rose 3.63% after the convenience store operator posted a 9.7% rise in quarterly operating profit, beating analysts' estimates.
