Latest news with #HiroyukiUeno
New Straits Times
11 hours ago
- Business
- New Straits Times
Japan's Nikkei falls for third session on corporate outlook concerns
TOKYO: Japan's Nikkei share average ended lower for a third straight session on Tuesday, as concerns over the domestic corporate outlook led investors to lock in profits from a recent rally. The Nikkei fell 0.79 per cent to 40,674.55. The broader Topix declined 0.75 per cent to 2,908.64. Japan is in the middle of its earnings season, and investors are cautious as a 15 per cent tariff to be imposed on its exports to the United States could hit corporates, said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. The tariff, part of the trade deal Japan struck with the US last week, is lower than the 25 per cent that US President Donald Trump had earlier threatened to impose on the country. That, and expectations that Prime Minister Shigeru Ishiba would step down sent the Nikkei to its highest level in a year last week, Ueno said. "The market hoped someone who promotes measures to stimulate the economy would replace him (Shigeru Ishiba)," he said. Ishiba vowed to remain in his post after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion. On Tuesday, chip-related stocks led the decline, with Lasertec falling 8.3 per cent to become the worst performer on the Nikkei. Tokyo Electron fell 1.2 per cent to become the biggest drag for the Nikkei. Advantest slipped 1 per cent. Nitto Denko fell 3 per cent after the industrial materials maker posted a 16 per cent decline in quarterly operating profit. All but seven of the Tokyo Stock Exchange's 33 industry sub-indexes fell. The auto sector lost 1.83 per cent to become the worst performer. Bucking the trend, Nomura Research jumped 8.33 per cent after the consulting and IT solutions provider reported a 17 per cent rise in quarterly net profit.
Business Recorder
11 hours ago
- Business
- Business Recorder
Japan's Nikkei falls for third session on corporate outlook concerns
TOKYO: Japan's Nikkei share average ended lower for a third straight session on Tuesday, as concerns over the domestic corporate outlook led investors to lock in profits from a recent rally. The Nikkei fell 0.79% to 40,674.55. The broader Topix declined 0.75% to 2,908.64. Japan is in the middle of its earnings season, and investors are cautious as a 15% tariff to be imposed on its exports to the United States could hit corporates, said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. The tariff, part of the trade deal Japan struck with the U.S. last week, is lower than the 25% that U.S. President Donald Trump had earlier threatened to impose on the country. That, and expectations that Prime Minister Shigeru Ishiba would step down sent the Nikkei to its highest level in a year last week, Ueno said. Nikkei ends lower as investors gauge corporate earnings 'The market hoped someone who promotes measures to stimulate the economy would replace him (Shigeru Ishiba),' he said. Ishiba vowed to remain in his post after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion. On Tuesday, chip-related stocks led the decline, with Lasertec falling 8.3% to become the worst performer on the Nikkei. Tokyo Electron fell 1.2% to become the biggest drag for the Nikkei. Advantest slipped 1%. Nitto Denko fell 3% after the industrial materials maker posted a 16% decline in quarterly operating profit. All but seven of the Tokyo Stock Exchange's 33 industry sub-indexes fell. The auto sector lost 1.83% to become the worst performer. Bucking the trend, Nomura Research jumped 8.33% after the consulting and IT solutions provider reported a 17% rise in quarterly net profit.
Time of India
11 hours ago
- Business
- Time of India
Japan's Nikkei falls for third session on corporate outlook concerns
Japan 's Nikkei share average ended lower for a third straight session on Tuesday, as concerns over the domestic corporate outlook led investors to lock in profits from a recent rally. The Nikkei fell 0.79% to 40,674.55. The broader Topix declined 0.75% to 2,908.64. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Healthcare Public Policy Data Science PGDM Digital Marketing MCA Data Science others Product Management Finance Data Analytics Project Management Design Thinking Cybersecurity Management MBA Degree Technology Operations Management Others Artificial Intelligence CXO Leadership Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Japan is in the middle of its earnings season , and investors are cautious as a 15% tariff to be imposed on its exports to the United States could hit corporates, said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. The tariff, part of the trade deal Japan struck with the U.S. last week, is lower than the 25% that U.S. President Donald Trump had earlier threatened to impose on the country. That, and expectations that Prime Minister Shigeru Ishiba would step down sent the Nikkei to its highest level in a year last week, Ueno said. Live Events "The market hoped someone who promotes measures to stimulate the economy would replace him (Shigeru Ishiba)," he said. Ishiba vowed to remain in his post after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion. On Tuesday, chip-related stocks led the decline, with Lasertec falling 8.3% to become the worst performer on the Nikkei. Tokyo Electron fell 1.2% to become the biggest drag for the Nikkei. Advantest slipped 1%. Nitto Denko fell 3% after the industrial materials maker posted a 16% decline in quarterly operating profit. All but seven of the Tokyo Stock Exchange 's 33 industry sub-indexes fell. The auto sector lost 1.83% to become the worst performer. Bucking the trend, Nomura Research jumped 8.33% after the consulting and IT solutions provider reported a 17% rise in quarterly net profit.
Business Recorder
12 hours ago
- Automotive
- Business Recorder
Japan's Nikkei extends falls on corporate outlook concerns
TOKYO: Japan's Nikkei share average fell for a third straight session on Tuesday, as concerns over the domestic corporate outlook led investors to lock in profits from a recent rally. The Nikkei was down 0.7% at 40,728.48, as of 0151 GMT. The broader Topix declined 0.75% to 2,908.75. In the middle of the earnings season in Japan, investors are cautious about the corporate outlook, which may be hit by a 15% tariff to be imposed on Japan's exports to the United States, said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. Last week, Japan struck a trade deal that lowers the hefty tariffs U.S. President Donald Trump had threatened to impose on goods from Japan. That sent the Nikkei to its highest level in a year last week, but the gain was too much, said Ueno. 'Half of its gains came from expectations that Prime Minister (Shigeru) Ishiba would step down, and the market hoped someone who promotes measures to stimulate the economy would replace him,' he said. Ishiba vowed to remain in his post after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion. Nikkei ends lower as investors gauge corporate earnings On Tuesday, chip-related stocks led the decline, with Lasertec falling 5% to become the worst performer on the Nikkei. Tokyo Electron and Advantest slipped 0.49% and 0.33%, respectively. Nitto Denko fell 4.6% after the industrial materials maker posted a 16% decline in quarterly operating profit. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. The auto sector lost 1.7% to become the worst performer. Bucking the trend, Nomura Research jumped 8.9% after the consulting and IT solutions provider reported a 17% rise in quarterly net profit.
Yomiuri Shimbun
15 hours ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Extends Falls on Corporate Outlook Concerns
TOKYO, July 29 (Reuters) – Japan's Nikkei share average fell for a third straight session on Tuesday, as concerns over the domestic corporate outlook led investors to lock in profits from a recent rally. The Nikkei .N225 was down 0.7% at 40,728.48, as of 0151 GMT. The broader Topix .TOPX declined 0.75% to 2,908.75. In the middle of the earnings season in Japan, investors are cautious about the corporate outlook, which may be hit by a 15% tariff to be imposed on Japan's exports to the United States, said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. Last week, Japan struck a trade deal that lowers the hefty tariffs U.S. President Donald Trump had threatened to impose on goods from Japan. That sent the Nikkei to its highest level in a year last week, but the gain was too much, said Ueno. 'Half of its gains came from expectations that Prime Minister (Shigeru) Ishiba would step down, and the market hoped someone who promotes measures to stimulate the economy would replace him,' he said. Ishiba vowed to remain in his post after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion. On Tuesday, chip-related stocks led the decline, with Lasertec 6920.T falling 5% to become the worst performer on the Nikkei. Tokyo Electron 8035.T and Advantest6857.T slipped 0.49% and 0.33%, respectively. Nitto Denko6988.T fell 4.6% after the industrial materials maker posted a 16% decline in quarterly operating profit. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. The auto sector ITEQP.T lost 1.7% to become the worst performer. Bucking the trend, Nomura Research4307.T jumped 8.9% after the consulting and IT solutions provider reported a 17% rise in quarterly net profit.
