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Business Recorder
4 days ago
- Automotive
- Business Recorder
Japan's Nikkei ends higher on weaker yen
TOKYO: Japan's Nikkei share average closed higher on Wednesday, underpinned by a weaker yen, though gains were limited as investors sold stocks to book profits. The Nikkei rose 0.33% to 39,821.28, after swinging between marginal gains and losses during the session. The broader Topix rose 0.41% to 2,828.16. 'The Nikkei opened higher, supported by the yen's weakness against the dollar. But as soon as the Nikkei rose closer to the 40,000 level, investors sold stocks to book profits,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'Overall, the market is firm, with the Topix rising. Investors are rotating their targets day to day.' Automakers rose on the back of the softer yen, with Toyota Motor and Honda Motor up 0.91% and 3.35%, respectively. The yen weakened 0.2% to 146.96 against the dollar. The greenback extended gains as US President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and steps against other trade partners.
Time of India
4 days ago
- Business
- Time of India
Japan's Nikkei ends higher on weaker yen, profit-taking limits gains
Japan's Nikkei share average closed higher on Wednesday, underpinned by a weaker yen , though gains were limited as investors sold stocks to book profits. The Nikkei rose 0.33% to 39,821.28, after swinging between marginal gains and losses during the session. The broader Topix rose 0.41% to 2,828.16. "The Nikkei opened higher, supported by the yen's weakness against the dollar. But as soon as the Nikkei rose closer to the 40,000 level, investors sold stocks to book profits," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "Overall, the market is firm, with the Topix rising. Investors are rotating their targets day to day." Live Events Automakers rose on the back of the softer yen, with Toyota Motor and Honda Motor up 0.91% and 3.35%, respectively. The yen weakened 0.2% to 146.96 against the dollar. The greenback extended gains as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and steps against other trade partners. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Chip-testing equipment maker Advantest reversed losses to end 0.23% higher, while the chip-making equipment maker Tokyo Electron slipped 0.33%. Uniqlo-brand owner Fast Retailing lost 0.76%. Energy-related shares rose after oil prices hit a two-week high overnight. An index for oil refiners jumped 2.73% to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Yoshinoya Holdings jumped 6.46% after the fast-food chain known for "gyudon" beef bowls reported a 9% gain in quarterly net profit, supported by strong sales of its new ramen business. Of the more than 1,600 stocks trading on the TSE's prime market, 77% rose, 19% fell and 3% traded flat.
Business Recorder
4 days ago
- Automotive
- Business Recorder
Japan's Nikkei gives up early gains as chip-related heavyweights fall
TOKYO: Japan's Nikkei share average surrendered early gains to trade flat on Wednesday, as investors sold chip-related heavyweights to book profits from a recent rally. The Nikkei was down 0.03% at 39,677.42 by the midday break, after rising 0.7% earlier in the day to 39,971.06. The index swung between marginal gains and losses during the session. The broader Topix was up 0.3% at 2,824.93. 'The Nikkei opened higher, supported by the yen's weakness against the dollar. But as soon as the Nikkei rose closer to the 40,000 level, investors sold stocks to book profits,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'Overall, the market is firm, with the Topix rising. Investors are rotating their targets day to day.' Chip-related heavyweights Advantest and Tokyo Electron gave up early gains and were trading down 1.87% and 0.92%, respectively. Uniqlo-brand owner Fast Retailing lost 1.18%. Automakers rose on the back of a weaker yen, with Toyota Motor and Honda Motor up 1.36% and 2.83%, respectively. The yen weakened 0.2% to 146.91 against the dollar. The greenback extended gains as US President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Energy-related shares rose after oil prices hit a two-week high overnight. An index for oil refiners jumped 3% to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Yoshinoya Holdings jumped 6.56% after the fast-food chain known for 'gyudon' beef bowls reported a 9% gain in quarterly net profit, supported by strong sales of its new ramen business. Of the more than 1,600 stocks trading on the TSE's prime market, 82% rose, 15% fell, and 2% traded flat.
New Straits Times
4 days ago
- Automotive
- New Straits Times
Japan's Nikkei gives up early gains as chip-related heavyweights fall
TOKYO: Japan's Nikkei share average surrendered early gains to trade flat on Wednesday, as investors sold chip-related heavyweights to book profits from a recent rally. The Nikkei was down 0.03 per cent at 39,677.42 by the midday break, after rising 0.7 per cent earlier in the day to 39,971.06. The index swung between marginal gains and losses during the session. The broader Topix was up 0.3 per cent at 2,824.93. "The Nikkei opened higher, supported by the yen's weakness against the dollar. But as soon as the Nikkei rose closer to the 40,000 level, investors sold stocks to book profits," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. "Overall, the market is firm, with the Topix rising. Investors are rotating their targets day to day." Chip-related heavyweights Advantest and Tokyo Electron gave up early gains and were trading down 1.87 per cent and 0.92 per cent, respectively. Uniqlo-brand owner Fast Retailing lost 1.18 per cent. Automakers rose on the back of a weaker yen, with Toyota Motor and Honda Motor up 1.36 per cent and 2.83 per cent, respectively. The yen weakened 0.2 per cent to 146.91 against the dollar. The greenback extended gains as US President Donald Trump pledged more trade-related proclamations after announcing 25 per cent tariffs on Japan and other trade partners. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Energy-related shares rose after oil prices hit a two-week high overnight. An index for oil refiners jumped 3 per cent to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Yoshinoya Holdings jumped 6.56 per cent after the fast-food chain known for "gyudon" beef bowls reported a 9 per cent gain in quarterly net profit, supported by strong sales of its new ramen business. Of the more than 1,600 stocks trading on the TSE's prime market, 82 per cent rose, 15 per cent fell, and 2 per cent traded flat.
Yomiuri Shimbun
4 days ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Gives up Early Gains as Chip-Related Heavyweights Fall
TOKYO, July 9 (Reuters) – Japan's Nikkei share average surrendered early gains to trade flat on Wednesday, as investors sold chip-related heavyweights to book profits from a recent rally. The Nikkei .N225 was down 0.03% at 39,677.42 by the midday break, after rising 0.7% earlier in the day to 39,971.06. The index swung between marginal gains and losses during the session. The broader Topix .TOPX was up 0.3% at 2,824.93. 'The Nikkei opened higher, supported by the yen's weakness against the dollar. But as soon as the Nikkei rose closer to the 40,000 level, investors sold stocks to book profits,' said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. 'Overall, the market is firm, with the Topix rising. Investors are rotating their targets day to day.' Chip-related heavyweights Advantest 6857.T and Tokyo Electron 8035.T gave up early gains and were trading down 1.87% and 0.92%, respectively. Uniqlo-brand owner Fast Retailing 9983.T lost 1.18%. Automakers rose on the back of a weaker yen, with Toyota Motor 7203.T and Honda Motor 7267.T up 1.36% and 2.83%, respectively. The yen JPY= weakened 0.2% to 146.91 against the dollar. The greenback extended gains as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners. FRX/ A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate them to Japan. Energy-related shares rose after oil prices hit a two-week high overnight. An index for oil refiners .IPETE.T jumped 3% to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Yoshinoya Holdings9861.T jumped 6.56% after the fast-food chain known for 'gyudon' beef bowls reported a 9% gain in quarterly net profit, supported by strong sales of its new ramen business. Of the more than 1,600 stocks trading on the TSE's prime market, 82% rose, 15% fell, and 2% traded flat.
