Latest news with #KentaroHayashi
Business Recorder
5 days ago
- Business
- Business Recorder
Nikkei reverses course to end lower
TOKYO: Japan's Nikkei share average surrendered early gains to close lower on Friday as sharp declines in Fast Retailing led technology stocks to erase their gains. The Nikkei slipped 0.19% to 39,569.68 after rising as much as 0.8% earlier in the session. The index fell 0.6% this week. The broader Topix rose 0.39% to 2,823.24. Fast Retailing tanked 6.93% after the Uniqlo brand owner said on Thursday higher US tariffs would start impacting its US operations significantly from later this year and that it plans 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-related Advantest and Tokyo Electron rose 0.71% and 0.9%, respectively, to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight.
Time of India
6 days ago
- Business
- Time of India
Japan's Nikkei reverses course to end lower as Fast Retailing tanks
Japan's Nikkei share average surrendered early gains to close lower on Friday as sharp declines in Fast Retailing led technology stocks to erase their gains. The Nikkei slipped 0.19% to 39,569.68 after rising as much as 0.8% earlier in the session. The index fell 0.6% this week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The broader Topix rose 0.39% to 2,823.24. Fast Retailing tanked 6.93% after the Uniqlo brand owner said on Thursday higher U.S. tariffs would start impacting its U.S. operations significantly from later this year and that it plans 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. Live Events The market also sold stocks as soon as the Nikkei approached the psychologically important level of 40,000, strategists said. Chip-related Advantest and Tokyo Electron rose 0.71% and 0.9%, respectively, to track a 0.75% gain in the Philadelphia SE Semiconductor Index overnight. Air-conditioning maker Daikin Industries climbed 5.44%. Banks advanced, aiding gains in the Topix, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group rising 1.77% and 1.53%, respectively. Toyota Motor added 1.39%. Seven & I Holdings rose 3.28% after the convenience store operator posted a 9.7% jump in quarterly operating profit, beating analysts' estimate. Of more than the 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 70% rose, 25% fell and 3% traded flat.
Business Recorder
6 days ago
- 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
6 days ago
- 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.
Business Recorder
16-06-2025
- Automotive
- Business Recorder
Japan's Nikkei rises as weaker yen provides boost to exporters
TOKYO: Japan's Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a weaker yen supporting sentiment. As of 0155 GMT, the Nikkei was up 0.9% at 38,164.07, while the broader Topix rose 0.54% to 2,772.46. 'Investors were less worried about geopolitical tensions in the Middle East, and the market saw no need for additional sell-offs,' said Kentaro Hayashi, senior strategist at Daiwa Securities. 'There is an optimism that the conflict will be contained with countries like the United States and Russia stepping in,' he added. Japan's Nikkei climbs for fourth day on US-China trade framework; Hino plunges The Nikkei fell on Friday after Israel launched strikes against Iran, and Wall Street ended sharply lower later in the day. On Monday, Advantest jumped 8% to provide the biggest boost to the Nikkei. The chip-making equipment maker, one of the largest components of the Nikkei, tends to be bought when the market bets the upside of the benchmark index. Automakers rose on the back of a weaker yen, with Honda Motor and Nissan Motor rising 3.4% and 1%, respectively. Toyota Motor was up 0.4%. The yen fell at the end of the week as investors bought safe-haven assets, such as the US dollar. The greenback was last up 0.17% to 144.325 against the Japanese yen. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate the money to Japan. Nippon Steel rose 2.4% after U.S President Donald Trump approved its $14.9 billion bid for US Steel on Friday. The sector for steel makers rose 1.77% to become the top performer among the Tokyo Stock Exchange's (TSE) 33 industry sub-indexes. The shipping sector rose 1.66% on expectations for rising freight rates amid the Middle East conflict. Kawasaki Kisen rose 2.4%. Of more than 1,600 stocks trading on the TSE's prime market, 66% rose and 28% fell with 4% trading flat.
