Latest news with #YugoTsuboi
New Straits Times
3 days ago
- Business
- New Straits Times
Japan's Nikkei edges down, off near 2-week high amid election outcome worries
TOKYO: Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei slipped 0.31 per cent to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. For the week, the Nikkei is set to rise 0.5 per cent and snap a two straight weeks of losses. The broader Topix was down 0.13 per cent to 2,836.1. "Investors did not want to take a risk in buying stocks ahead of the national election on the weekend," said Yugo Tsuboi, chief strategist at Daiwa Securities. "But the momentum is not bad as about half the stocks rose." Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest and Tokyo Electron losing 4.27 per cent and 0.7 per cent, respectively. Disco tanked 10.26 per cent to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing rose 0.79 per cent to provide the biggest support to the Nikkei. Technology investor SoftBank Group rose 1.5 per cent. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42 per cent rose and 53 per cent fell, and 4 per cent traded flat.
Business Recorder
3 days ago
- Business
- Business Recorder
Japan's Nikkei edges down, off near 2-week high amid election outcome worries
TOKYO: Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei slipped 0.31% to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. For the week, the Nikkei is set to rise 0.5% and snap a two straight weeks of losses. The broader Topix was down 0.13% to 2,836.1. 'Investors did not want to take a risk in buying stocks ahead of the national election on the weekend,' said Yugo Tsuboi, chief strategist at Daiwa Securities. 'But the momentum is not bad as about half the stocks rose.' Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest and Tokyo Electron losing 4.27% and 0.7%, respectively. Disco tanked 10.26% to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing rose 0.79% to provide the biggest support to the Nikkei. Technology investor SoftBank Group rose 1.5%. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42% rose and 53% fell, and 4% traded flat.
Yomiuri Shimbun
3 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Edges down, off near 2-Week High Amid Election Outcome Worries
TOKYO, July 18 (Reuters) – Japan's Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors weighed the outcome of the nation's upper house election due on the weekend. The Nikkei .N225 slipped 0.31% to 39,778.85 by the midday break. Earlier, it had risen to as much as 40,087.59, its highest level since July 1, underpinned by the strong performance of Wall Street, but fell soon as investors started selling to book profits. The S&P 500 .SPX stock index and the Nasdaq Composite .IXIC both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. .N For the week, the Nikkei is set to rise 0.5% and snap a two straight weeks of losses. The broader Topix .TOPX was down 0.13% to 2,836.1. 'Investors did not want to take a risk in buying stocks ahead of the national election on the weekend,' said Yugo Tsuboi, chief strategist at Daiwa Securities. 'But the momentum is not bad as about half the stocks rose.' Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its partner Komeito are expected to lose their majority in the upper house on Sunday. Strategists now focus on whether Ishiba will remain in his position or step down after the election, as a gauge of the nation's potential policy shift, which could lead to a cut in the national consumption tax. Chip-related heavyweight fell, with Advantest 6857.T and Tokyo Electron 8035.T losing 4.27% and 0.7%, respectively. Disco6146.T tanked 10.26% to become the biggest percentage loser on the Nikkei, as the chipmaking device supplier's quarterly operating profit forecast missed market expectations. Uniqlo-brand owner Fast Retailing 9983.T rose 0.79% to provide the biggest support to the Nikkei. Technology investor SoftBank Group 9984.T rose 1.5%. Of more than 1,600 stocks on the Tokyo Stock Exchange's prime section, 42% rose and 53% fell, and 4% traded flat.
Japan Times
04-03-2025
- Automotive
- Japan Times
Toyota to hand out shareholder perks to entice retail investors
Toyota Motor will for the first time hand out perks to entice investors, including digital credits and a chance to enter a draw for motorsport event tickets, becoming the latest Japanese firm to announce shareholder benefit programs in recent months. Investors who have held at least 1,000 shares for five years or more will be rewarded with credits worth ¥30,000 ($200) for Toyota Wallet, a smartphone payment app, the automaker said in a statement Monday. Eligible shareholders may enter a draw for races at Fuji Speedway later this year. This is the first time the company has introduced such a program, according to its spokesperson. "Toyota may be looking to attract more retail shareholders' who would hold shares long term, said Yugo Tsuboi, chief strategist at Daiwa Securities Group. The fact that a large, well-known company like Toyota has started such a program is significant, and more companies may follow suit, he said. "That's not a bad thing for Japanese stocks, overall.' Toyota's announcement comes as some Japanese firms begin reintroducing perks to attract retail investors, a practice that has drawn criticism from some global funds who aren't able to benefit from such programs. Kura Sushi, an operator of conveyor-belt sushi restaurants, last month said it will issue meal vouchers to shareholders, while Rakuten Group in December offered one-year free mobile plans. Shares in both companies jumped following the announcements. Toyota shares have sunk 11% this year, compared with a 2% drop by the benchmark Topix index, as a stronger yen and concern over U.S. tariffs weighed on the industry. "After last week's announcement of a more independent board of directors, this is the second step they are taking to secure a friendlier AGM in June,' said Julie Boote, senior analyst at Pelham Smithers Associates.
