Latest news with #TokyoStockExchange
Nikkei Asia
a day ago
- Business
- Nikkei Asia
North American investors quadruple Japan stock purchases in 1st half
The Tokyo Stock Exchange saw an influx of foreign investment in the first half of the year. (Photo by Yuki Kohara) AKIRA INUJIMA TOKYO -- Value-hunting North American investors sharply raised their bets on the Japanese stock market in the first half of the year as they sought to diversify their portfolios away from the U.S. North American investors bought 835.4 billion yen ($5.62 billion) worth of Japanese equities on a net basis from January to June, four times the year-earlier level, according to data released by the Tokyo Stock Exchange on Friday.
Business Recorder
2 days ago
- Business
- Business Recorder
Japan's Nikkei gains on weaker yen
TOKYO: Japan's Nikkei share average recovered from early losses to end Thursday with solid gains as a weakening yen bolstered sentiment, while chip shares pared declines after Taiwanese chipmaker TSMC posted record earnings. The Japanese currency sank as much as 0.5% against the US dollar, sliding towards Wednesday's 3-1/2-month nadir. A weak currency boosts the value of overseas revenues for heavyweight exporters. Meanwhile, TSMC reported results that topped analyst forecasts during the Tokyo Stock Exchange's afternoon session. It undid some of the pessimism from Dutch chip-making tool supplier ASML's revenue warning, which had weighed on Japanese chip shares in the morning. The tech-heavy Nikkei ended the day up 0.6% at 39,901.19, reversing earlier declines of as much as 0.7%. The broader Topix rose 0.7%. Silicon producer Sumco was the Nikkei's biggest percentage gainer with a 7% jump. AI-focused start-up investor SoftBank Group was the biggest support in index-point terms with a 2.3% increase.
Economic Times
2 days ago
- Business
- Economic Times
Japan's Nikkei gains on weaker yen; chip shares cheer TSMC earnings
Japan's Nikkei share average recovered from early losses to end Thursday with solid gains as a weakening yen bolstered sentiment, while chip shares pared declines after Taiwanese chipmaker TSMC posted record earnings. ADVERTISEMENT The Japanese currency sank as much as 0.5% against the U.S. dollar, sliding towards Wednesday's 3-1/2-month nadir. A weak currency boosts the value of overseas revenues for heavyweight exporters. Meanwhile, TSMC reported results that topped analyst forecasts during the Tokyo Stock Exchange's afternoon session. It undid some of the pessimism from Dutch chip-making tool supplier ASML's revenue warning, which had weighed on Japanese chip shares in the morning. The tech-heavy Nikkei ended the day up 0.6% at 39,901.19, reversing earlier declines of as much as 0.7%. The broader Topix rose 0.7%. Silicon producer Sumco was the Nikkei's biggest percentage gainer with a 7% jump. AI-focused start-up investor SoftBank Group was the biggest support in index-point terms with a 2.3% increase. ADVERTISEMENT Heavily weighted chip-testing machinery maker Advantest was the Nikkei's biggest drag after dropping 0.8%. Chip-making equipment manufacturer Lasertec was another standout loser, with a 4.8% tumble. ASML warned on Wednesday that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. ADVERTISEMENT For Japanese peers, "quarterly orders are likely to fluctuate but, based on the 12-month moving average, orders have not yet entered a recovery phase, similar to ASML," Jefferies analysts wrote in a research note on Wednesday. Orders for extreme ultraviolet lithography equipment, a key component in chipmaking, have been "stalled" since increasing "sharply" in the first half of last year, although a recovery is likely in 2026, they said. ADVERTISEMENT The Nikkei's biggest decliner in percentage terms was Seven & i Holdings, which slumped 9.2% after Canada's Alimentation Couche-Tard ended its takeover bid for the operator of the 7-Eleven convenience store chain. The worst performer among the 33 Topix industry groupings was the mining sub-index, which includes oil explorers, which sank 1.0% with Brent oil languishing below $70 a barrel this week. The oil and coal sub-index lost 0.8%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
2 days ago
- Business
- Mint
Japans Nikkei gains on weaker yen; chip shares cheer TSMC earnings
TOKYO, - Japan's Nikkei share average recovered from early losses to end Thursday with solid gains as a weakening yen bolstered sentiment, while chip shares pared declines after Taiwanese chipmaker TSMC posted record earnings. The Japanese currency sank as much as 0.5% against the U.S. dollar, sliding towards Wednesday's 3-1/2-month nadir. A weak currency boosts the value of overseas revenues for heavyweight exporters. Meanwhile, TSMC reported results that topped analyst forecasts during the Tokyo Stock Exchange's afternoon session. It undid some of the pessimism from Dutch chip-making tool supplier ASML's revenue warning, which had weighed on Japanese chip shares in the morning. The tech-heavy Nikkei ended the day up 0.6% at 39,901.19, reversing earlier declines of as much as 0.7%. The broader Topix rose 0.7%. Silicon producer Sumco was the Nikkei's biggest percentage gainer with a 7% jump. AI-focused start-up investor SoftBank Group was the biggest support in index-point terms with a 2.3% increase. Heavily weighted chip-testing machinery maker Advantest was the Nikkei's biggest drag after dropping 0.8%. Chip-making equipment manufacturer Lasertec was another standout loser, with a 4.8% tumble. ASML warned on Wednesday that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. For Japanese peers, "quarterly orders are likely to fluctuate but, based on the 12-month moving average, orders have not yet entered a recovery phase, similar to ASML," Jefferies analysts wrote in a research note on Wednesday. Orders for extreme ultraviolet lithography equipment, a key component in chipmaking, have been "stalled" since increasing "sharply" in the first half of last year, although a recovery is likely in 2026, they said. The Nikkei's biggest decliner in percentage terms was Seven & i Holdings, which slumped 9.2% after Canada's Alimentation Couche-Tard ended its takeover bid for the operator of the 7-Eleven convenience store chain. The worst performer among the 33 Topix industry groupings was the mining sub-index, which includes oil explorers, which sank 1.0% with Brent oil languishing below $70 a barrel this week. The oil and coal sub-index lost 0.8%. This article was generated from an automated news agency feed without modifications to text.
The Star
5 days ago
- Automotive
- The Star
Corporate Japan shareholders show more clout
An electronic stock board showing the Topix Index displayed inside the Kabuto One building in Tokyo, Japan, on April 3, 2025. - Bloomberg TOKYO: A record number of Japanese companies saw shareholder proposals pass at their annual meetings this year in a sign that investors are exerting more influence in the market. While shareholders in general still support company management, the notable break from their passive stance is seen as a boon for funds looking to invest in Japan. Activist investors have been inundating companies with an unprecedented number of proposals at meetings, calling for action such as the disposal of real estate, changes in strategy and stock buybacks. Seven companies saw shareholder proposals pass this year, including board appointments, according to Mitsubishi UFJ Trust & Banking Corp. That's the highest since the bank began compiling the data almost three decades ago. Although a higher number of overall proposals may have helped lift the tally, the increase showed that proposals are facing less opposition from investors who may have been reluctant to confront management. This comes as Japanese firms face pressure from the Tokyo Stock Exchange and activists to boost their value and improve shareholder returns. 'Shareholder pressure is likely to increase given there is still much room left for improvement' in capital efficiency, and that will be good news for the market, said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. 'The acceptance of activists' proposals is a significant change from the past.' Not only are more investors voting in favour of shareholder proposals, but they're also rejecting company pitches. A total of 30 company proposals, mostly the nomination of board directors, were voted down, up from six the previous year, according to Sumitomo Mitsui Trust Bank Ltd. At Tokyo Cosmos Electric Co, all five board candidates nominated by the auto parts maker were struck down, resulting in the entire board, including its chief executive officer (CEO), being replaced by those proposed by its top holders. Shareholders also ousted the CEO of chemicals maker Taiyo Holdings Co, suggesting investors are scrutinising management more than ever. The percentage of companies with more than an 80% CEO approval rating fell by 1.1 percentage point from the previous year, according to data compiled by Goldman Sachs Group Inc. Companies are losing their loyal shareholder base as cross-shareholdings unwind, leaving a vacuum for activists and other investors to step in. Not all high-profile cases turned out a win for activists or vocal investors. At Fuji Media Holdings Inc, a TV broadcaster facing a sex scandal, shareholders voted against all 12 candidates proposed by Dalton Investments. Hisashi Arakawa, director and the head of equities at abrdn Japan Ltd, said active engagement between shareholders and management is likely to continue. 'We've seen companies pro-actively engage with us ahead of shareholder meetings', and whether these proposals pass is a separate matter, he said. — Bloomberg
