
Nikkei jumps 0.84% on investor optimism
The Nikkei average jumped 0.84 percent to 40,487.39, marking its highest closing level since July 17. The broader Topix index settled 0.43 percent higher at 2,852.84.
Tech stocks topped the gainers list, with start-up investor SoftBank Group shares surging 4.3 percent. Automakers Honda Motor and Toyota Motor fell 1-2 percent after U.S. President Trump accused Japan of engaging in "unfair" automobile trade with the United States.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
11 minutes ago
- Economic Times
US job openings unexpectedly rise in May, hiring falls
AP A "Help Wanted" sign is displayed at Illinois Air Team Test Station Saturday, June 21, 2025, in Lincolnshire, Ill. U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into lower gear amid uncertainty over the Trump administration's tariffs on imports, with a 90-day pause on higher reciprocal duties drawing to an end. Job openings, a measure of labor demand, were up 374,000 to 7.769 million by the last day of May, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Economists polled by Reuters had forecast 7.30 million vacancies. Hiring decreased by 112,000 to 5.503 million in May. Layoffs dropped 188,000 to 1.601 million. Economists say the lack of clarity on what happens after July 9, when the 90-day pause on President Donald Trump's reciprocal tariffs expires, had left businesses unable to make long-term plans. A 90-day temporary reduction in tariffs between the U.S. and China is due to end in mid-August. U.S. Treasury Secretary Scott Bessent said on Monday that trade partners could still face sharply higher tariffs next Wednesday, adding that any potential negotiating extensions will be up to Trump, who hinted that Japan may soon be notified of higher import duties. Data last week showed a surge in the number of people collecting unemployment checks to more than a 3-1/2-year high in mid-June. A survey from the Conference Board showed the share of consumers who viewed jobs as being "plentiful" dropped to the lowest level in more than four years in June. Economists polled by Reuters expect the government's closely watched employment report on Thursday to show the jobless rate increased to 4.3% in June from 4.2% in May. Nonfarm payrolls are forecast to rise by 110,000 jobs after advancing by 139,000 in May. The employment report is being published a day early because of the Independence Day holiday on Friday.


News18
19 minutes ago
- News18
Trump's DOGE Tells SEC To Go Easy On Wall Street To Boost Growth: Report
Department of Government Efficiency (DOGE) seeks rollback of Biden-era SPAC and data‑sharing rules. US President Donald Trump administration's drive to cut red tape has prompted the US markets regulator to ease rules for Wall Street, news agency Reuters said in a report. As part of the move, the so-called Department of Government Efficiency (DOGE), blank-check companies which are also known as Special Purpose Acquisition Companies (SPACs) and private investment funds may face fewer disclosure requirements, allowing them to operate with greater confidentiality. Officials from the SEC's DOGE arm have recently begun meeting with staff to review and possibly ease regulations that some companies say are overly burdensome. The Reuters report pointed out that the discussions include revisiting rules introduced under former US president that tightened oversight of SPACs and increased data disclosure requirements for private investment advisers to help regulators track systemic risk. 'Under President Trump's leadership, Chairman [Paul] Atkins and the SEC will ensure that the United States remains the best and most secure place in the world to invest and do business." A spokesperson for the SEC said: 'The SEC is working with DOGE to find cost efficiencies and ensure public funds are being used as effectively as possible." About the Author Shankhyaneel Sarkar First Published: July 01, 2025, 22:57 IST


Time of India
23 minutes ago
- Time of India
NTT seeks up to $864 million in data centre REIT's Singapore IPO
SYDNEY | SINGAPORE: Japanese telecom giant NTT is seeking to raise roughly $864 million in a Singapore IPO for a data centre REIT if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process. NTT DC REIT's portfolio comprises six data centre assets located in the United States, Austria and Singapore, according to a preliminary prospectus filed on Friday. The value of the base offering is between $772 million and $812 million while the overallotment option would add another $51.5 million, the term sheet sheet showed. "We are not able to provide further details except for those officially announced by our company," NTT said in an emailed response to Reuters' request seeking comment on Monday. If the yield is priced at 7.5%, the overallotment would exercised. If fully exercised, NTT would be left with a 20% stake in the REIT. The REIT is being marketed at an indicative forecast distribution yield of 7% to 7.5% for July-March on an annualised basis and 7.29% to 7.80% for the next financial year. The REIT would have a market cap of up to $1.08 billion, the term sheet also showed. Bookbuilding is due to end on Friday with listing set for July 14. Cornerstone investors in the IPO include Singapore's sovereign wealth fund GIC with a $101 million investment, according to the term sheet. The Singapore Exchange has seen growing interest from companies seeking to list after it announced measures in February to strengthen its equities market, including a 20% tax rebate for primary listings. Hong Kong-listed China Medical System said last week it had applied for a secondary listing of its shares on the bourse. Other companies seeking to list in Singapore include the city-state's Foundation Healthcare Holdings. IPO proceeds raised on the Singapore Exchange surged more than five-fold to $331.6 million in the first half of this year from a year earlier, while the last listing of similar size was a $977 million IPO for Digital Core REIT in 2021, according to LSEG.