Latest news with #NikkeiStockAverage
The Mainichi
2 hours ago
- Business
- The Mainichi
Nikkei up over 2% on eased fears of US tariff impact on economy
TOKYO (Kyodo) -- The Nikkei stock index briefly soared over 2 percent Thursday morning as investors kept buying on eased concern over the impact of U.S. tariffs on the economy after Tokyo and Washington reached a trade deal. At 11:00 a.m., the 225-issue Nikkei Stock Average rose 776.10 points, or 1.89 percent, from Wednesday to 41,947.42. The broader Topix index was up 53.55 points, or 1.83 percent, at 2,979.93, after briefly rising to a record high on an intraday basis.
The Mainichi
21 hours ago
- Automotive
- The Mainichi
Tokyo stocks end up over 3% at 1-year highs on Japan-US tariff deal
TOKYO (Kyodo) -- Tokyo stocks' key indexes ended up over 3 percent at one-year highs on Wednesday after Japan and the United States reached a trade deal with 15 percent U.S. tariffs on autos and other products, lower than initially proposed by President Donald Trump. The market was further lifted by investors hoping for a new Japanese government as Prime Minister Shigeru Ishiba's resignation is viewed as inevitable, following the major setback for the governing coalition in Sunday's House of Councillors election. The 225-issue Nikkei Stock Average advanced 1,396.40 points, or 3.51 percent, from Tuesday to 41,171.32, its highest level since July 16, 2024. The broader Topix index finished 90.19 points, or 3.18 percent, higher at 2,926.38. All industry sectors advanced on the top-tier Prime Market, with gainers led by transportation equipment, bank and metal product issues. The U.S. dollar briefly weakened to the lower 146 yen range in Tokyo as the Japan-U.S. trade deal helped ease concerns over the prospects for the Japanese economy, boosting the yen. But the U.S. currency later strengthened to the lower 147 yen level at one point as the yen was sold on worries that Japan's financial health may deteriorate further due to fiscal expansion measures that could be adopted in the future, dealers said. Such concerns sent long-term interest rates sharply higher. The yield on the benchmark 10-year Japanese government bond hit 1.600 percent, the highest level since October 2008. Stocks rose across the board, with auto shares surging after Tokyo and Washington agreed that U.S. tariff on automobiles, imposed since April, will be cut to 15 percent from 27.5 percent for Japanese cars. "Since the Japan-U.S. tariff negotiations had been expected to be prolonged, the market reacted positively as the trade deal was announced relatively soon after the national election" on Sunday, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co.
The Mainichi
a day ago
- Automotive
- The Mainichi
Tokyo stocks surge over 3% in morning after Japan-US tariff deal
TOKYO (Kyodo) -- Tokyo stocks soared more than 3 percent Wednesday morning after U.S. President Donald Trump said he had struck a "massive" trade deal with Japan, with the reciprocal tariff reduced to 15 percent from 25 percent. The 225-issue Nikkei Stock Average rose 1,278.52 points, or 3.21 percent, from Tuesday to 41,053.44, after hitting a one-year intraday high. The broader Topix index was up 88.23 points, or 3.11 percent, at 2,924.42. All industry sectors advanced on the top-tier Prime Market, with gainers led by transportation equipment, bank and pharmaceutical issues. The U.S. dollar briefly weakened to the lower 146 yen range in Tokyo as the Japan-U.S. trade deal helped ease concerns over the prospects for the Japanese economy, boosting the yen. At noon, the dollar fetched 146.93-94 yen compared with 146.62-72 yen in New York and 147.71-73 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at $1.1734-1736 and 172.41-45 yen against $1.1750-1760 and 172.31-41 yen in New York and $1.1685-1687 and 172.61-65 yen in Tokyo late Tuesday afternoon. Stocks climbed across the board, with auto shares surging after reports that the U.S. tariff on automobiles, imposed since April, will be cut to 15 percent from 27.5 percent for Japanese cars. Among automakers, Toyota Motor ended the morning up 13.7 percent at 2,837.5 yen, while Mazda Motor surged 17.7 percent to 993.9 yen. "Since the Japan-U.S. tariff negotiations had been expected to be prolonged, the market reacted positively as the trade deal was announced relatively soon after the national election" on Sunday, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co. Despite the sharp advance, Ichikawa warned of the impact of a possible change in Japan's political situation on the market, with some expecting Prime Minister Shigeru Ishiba to resign after his ruling coalition suffered a major setback in the House of Councillors election.
The Mainichi
a day ago
- Business
- The Mainichi
Tokyo stocks surge over 2% after Japan-US tariff deal
TOKYO (Kyodo) -- Tokyo stocks surged over 2 percent early Wednesday after U.S. President Donald Trump said he had struck a "massive" trade deal with Japan. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 819.40 points, or 2.06 percent, from Tuesday to 40,594.32. The broader Topix index was up 64.55 points, or 2.28 percent, at 2,900.74.
The Mainichi
2 days ago
- Business
- The Mainichi
Tokyo stocks flat on post-election political uncertainty, US tariff
TOKYO (Kyodo) -- Tokyo stocks ended flat Tuesday, with the Japanese ruling coalition's major setback in a national election weighing on the outlook for the stability of Prime Minister Shigeru Ishiba's government and tariff talks with the United States. The 225-issue Nikkei Stock Average fell 44.19 points, or 0.11 percent, from Friday to 39,774.92. The broader Topix index finished 1.71 points, or 0.06 percent, higher at 2,836.19. Japanese financial markets were closed Monday for a national holiday. On the top-tier Prime Market, decliners were led by pharmaceuticals, precision instrument, and warehousing and harbor transportation service issues, while iron and steel, nonferrous and machinery sectors gained. The U.S. dollar rose to the upper 147 yen level in Tokyo on selling of the yen due to political uncertainties in Japan after the ruling coalition failed to retain its majority in Sunday's House of Councillors election, dealers said. Stocks were initially higher as investors were relieved after the election outcome was largely within expectations and Ishiba said Monday he will remain in office, averting a political upheaval at least for the time being, market analysts said. But stocks later erased gains, as investors turned cautious with the election result leaving the ruling bloc without control of both chambers of parliament and concerns growing over prospects for the Japan-U.S. tariff negotiations. "The election result itself drew buying as the ruling coalition won more seats than expected. But questions remain over the outlook for tariffs negotiations with the United States," said Seiichi Suzuki, chief equity market analyst at the Tokai Tokyo Research Institute. Japan's chief negotiator Ryosei Akazawa is in Washington for the eighth round of ministerial-level talks as the deadline for imposition of U.S. President Donald Trump's so-called reciprocal tariffs looms on Aug. 1. If there is no deal by that date, Japan is set to face a country-specific tariff of 25 percent on its goods, which would be a further drag on its economy. "With the deadline nearing and difficulties of reaching an agreement becoming apparent, investors are not in the mood to proactively buy stocks," Suzuki said.
