Latest news with #SeiichiSuzuki
Economic Times
10 hours ago
- Business
- Economic Times
Japan's Nikkei ends lower as investors gauge corporate earnings
Japan's Nikkei share reversed course to end lower on Monday, as investors locked in profits following a recent rally and shifted their focus to domestic corporate earnings. The Nikkei dropped 1.1% to close at 40,998.27, after rising as much as 0.2% earlier in the session. ADVERTISEMENT The broader Topix slipped 0.72% to 2,930.73. "Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities." Last week, the Nikkei climbed to a one-year high after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Chip-related shares led the declines, with Advantest tanking 8.96% to become the biggest drag in the Nikkei. ADVERTISEMENT Screen Holdings lost 9.74% to become the top percentage loser in the Nikkei, after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector fell 2.86% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. ADVERTISEMENT Bucking the trend, Fanuc jumped 5% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 42% rose and 52% fell, with 4% trading flat. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10 hours ago
- Business
- Time of India
Japan's Nikkei ends lower as investors gauge corporate earnings
Japan's Nikkei share reversed course to end lower on Monday, as investors locked in profits following a recent rally and shifted their focus to domestic corporate earnings . The Nikkei dropped 1.1% to close at 40,998.27, after rising as much as 0.2% earlier in the session. The broader Topix slipped 0.72% to 2,930.73. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics PGDM Operations Management Cybersecurity MCA Technology Artificial Intelligence Data Science MBA Healthcare Design Thinking Public Policy healthcare Finance Degree Data Science Product Management others CXO Management Leadership Digital Marketing Others Project Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details 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 "Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities." Last week, the Nikkei climbed to a one-year high after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Live Events Chip-related shares led the declines, with Advantest tanking 8.96% to become the biggest drag in the Nikkei. Screen Holdings lost 9.74% to become the top percentage loser in the Nikkei, after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector fell 2.86% to become the worst performer among the Tokyo Stock Exchange 's 33 industry sub-indexes. Bucking the trend, Fanuc jumped 5% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 42% rose and 52% fell, with 4% trading flat.
Business Recorder
11 hours ago
- Business
- Business Recorder
Japan's Nikkei falls as investors take profits ahead of corporate earnings
TOKYO: Japan's Nikkei share average erased early gains to trade lower on Monday, as investors locked in profits following a recent rally and shifted their focus to upcoming corporate earnings. As of 0217 GMT, the Nikkei was down 0.8% at 41,115.60, after rising as much as 0.2% earlier in the session. The broader Topix slipped 0.45% at 2,938.55. 'Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. 'But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities.' The Nikkei climbed to a one-year high last week after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Chip-related shares led the declines, with Advantest slipping 7.66% to become the biggest drag for the Nikkei. Screen Holdings fell 7.24% after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector fell 1.78% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Bucking the trend, Fanuc jumped 5.6% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 46% rose and 49% fell, with 4% trading flat.
Yomiuri Shimbun
14 hours ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Falls as Investors Take Profits Ahead of Corporate Earnings
TOKYO, July 28 (Reuters) – Japan's Nikkei share average erased early gains to trade lower on Monday, as investors locked in profits following a recent rally and shifted their focus to upcoming corporate earnings. As of 0217 GMT, the Nikkei was down 0.8% at 41,115.60, after rising as much as 0.2% earlier in the session. The broader Topix .TOPX slipped 0.45% at 2,938.55. 'Investors sold stocks to book profits from a recent rally; that's a short answer to today's declines,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. 'But they sold stocks because the shares jumped last week, and were concerned that corporate earnings may not justify the current level of the equities.' The Nikkei climbed to a one-year high last week after Japan and the United States struck a deal to lower the hefty tariffs U.S. President Donald Trump threatened to impose on goods from Japan. Chip-related shares led the declines, with Advantest 6857.T slipping 7.66% to become the biggest drag for the Nikkei. Screen Holdings7735.T fell 7.24% after the chip-making equipment maker reported a 12.2% decline in its latest quarterly operating profit. The banking sector .IBNKS.T fell 1.78% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Bucking the trend, Fanuc jumped 5.6% to become the top percentage gainer in the Nikkei, after the robot maker's latest quarterly operating profit jumped nearly 30%. The company also said that its forecast factored in the 15% U.S. tariff set to take effect on August 1. Of the more than 1,600 stocks trading on the TSE's prime section, 46% rose and 49% fell, with 4% trading flat.
Time of India
15-07-2025
- Business
- Time of India
Japan's Nikkei rises as Nvidia's AI China news lifts chip-related shares
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Japan's Nikkei ended higher on Tuesday as chip stocks rallied after Nvidia's plan to resume AI chip sales in China, with the benchmark shrugging off early caution over U.S. price data and the election Nikkei closed 0.55% higher at 39,678.02, after falling as much as 0.2% earlier in the session."Investors weighed U.S. price data due later in the day and the national election outcome earlier in the session," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory."But the news on Nvidia lifted Japan's chip-related stocks, which boosted the Nikkei."AI chip giant Nvidia said it will resume sales of its H20 graphics processing unit (GPU) chips to China and expects to get U.S. government licence of chip-making equipment maker Tokyo Electron rose 3.49% to become the biggest source for the Nikkei's equipment maker Advantest reversed course to end 1.78% makers, which are the gauge for the data centre investments, jumped, with Furukawa Electric climbing 6.49% to become the top percentage gainer. Fujikura gained 3.95%.The broader Topix edged 0.09% higher to 2, investors also await U.S. consumer price data for June, due later in the day, and will monitor for any upward pressure on prices from Japan, markets are wary of a potential defeat for the Liberal Democratic Party and its coalition partner Komeito in the upcoming upper house election on July 20.A defeat could empower opposition parties that have pledged in their campaign platforms to cut or abolish the sales maker Daikin Industries lost 2.6%, becoming the biggest drag on the Nikkei.
