Latest news with #YaskawaElectric
Business Recorder
5 days ago
- Automotive
- Business Recorder
Nikkei falls as traders lock in gains after rally
TOKYO: Japan's Nikkei share average dropped on Friday, trimming a weekly advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States. The Nikkei 225 Index slid 0.9% to close at 41,456.23, trimming its five-day advance to 4.1%. The broader Topix, which hit an all-time high on Thursday, also dropped 0.9%. The trade deal, announced late on Tuesday by US President Donald Trump, reduced a reciprocal tariff on Japanese goods and autos-specific levies to 15% from the 25% Washington had threatened previously. Shares of industrial robot maker Yaskawa Electric dropped 6%, paring a steep three-day advance. Mitsubishi Motors plunged 7.9% after the automaker reported an 84% drop in first-quarter operating profit. The Nikkei's 14-day relative strength index (RSI), a technical measure for an investment momentum, reached 77.8 on Thursday, the highest since the stock gauge hit its all-time high of 41,889.16 in July 2024.
Business Standard
5 days ago
- Business
- Business Standard
Japanese markets end lower after gaining for two days
Japanese markets fell notably after two days of strong gains on U.S.-Japan trade deal optimism. The Nikkei average dropped 0.88 percent to 41,456.23 while the broader Topix index, which hit a record high the previous day, closed 0.86 percent lower at 2,951.86. Industrial robot maker Yaskawa Electric slumped 6 percent to snap a three-day winning streak. Mitsubishi Motors plummeted almost 8 percent after first-quarter operating profit fell short of projections. The yen declined as data showed Tokyo CPI inflation eased more than expected in July, complicating the Bank of Japan's interest-rate hike prospects. Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said on Friday. On a monthly basis, producer prices slipped 0.1 percent for the second straight month.
Yomiuri Shimbun
6 days ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Falls as Traders Lock in Gains after US Trade Deal Rally
TOKYO, July 25 (Reuters) – Japan's Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States. The Nikkei 225 Index was down 0.4% at 41,655, as of 0145 GMT. The broader Topix, which hit an all-time high on Thursday, dropped 0.5% earlier in the day. The trade deal, announced late on Tuesday by U.S. President Donald Trump, reduced a reciprocal tariff on Japanese goods and autos-specific levies to 15% from the 25% Washington had threatened previously. Shares of industrial robot maker Yaskawa Electric dropped 5.3%, shedding a steep three-day advance. Mitsubishi Motors plunged 8% after the automaker reported an 84% drop in first-quarter operating profit. A Nomura Securities analyst said there were signs the market was 'overheating.' The Nikkei's 14-day relative strength index (RSI), a technical measure for an investment momentum, reached 77.8 on Thursday, the highest since the stock gauge hit its all-time high of 41,889.16 in July 2024. There were 60 advancers in the Nikkei index against 164 decliners. The largest losers by percentage in the index were Shin-Etsu Chemical, down 9.2%, followed by Mitsubishi Motors. The biggest gainers were motor maker Nidec, up 2.6%, followed by chip industry supplier Disco, which rose 2.5%.
New York Times
08-07-2025
- Business
- New York Times
Stocks Shake Off Tariff Threat After Trump Extends Deadline
Stock markets mostly rose on Tuesday after President Trump revived steep tariffs on dozens of countries but extended their start date to Aug. 1, signaling that talks would continue between his trade negotiators and their counterparts around the world. He later noted that the deadline in August was 'not 100 percent firm,' reinforcing that his administration was 'open' to offers from trading partners. The S&P 500 rose slightly in early trading. Indexes in Japan and South Korea, major U.S. trading partners who are facing 25 percent tariffs, also gained. Stocks in Europe were mixed, but the moves were generally modest. The market movements were the latest example of how Mr. Trump's on-again, off-again trade proclamations have driven the markets this year. Analysts pointed out that market declines linked to fears of steep tariffs have often given way to rallies as deadlines are relaxed. 'Rightly or wrongly, investors think they know what happens from here,' Chris Beauchamp, the chief market analyst at IG Group, wrote on Tuesday. 'Either negotiations result, and a 'deal' of some sort (usually in the vaguest terms) is announced, allowing Trump to claim a win, or a fresh extension to the deadline is announced." In Japan, a recent market wobble has been called the 'Yaskawa Shock.' Yaskawa Electric, a leading global manufacturer of industrial robots, forecast on Friday that it expected profits to fall this year, a contrast to the 20 percent year-on-year gain it had previously projected. Yaskawa, heavily reliant on sales in the United States and China, had issued its earlier financial outlook before accounting for the effects of U.S. tariffs. The company reports results earlier than many other big Japanese firms and was looked at as an early indicator of upcoming earnings. The new U.S. tariffs are expected to erase around 5 percent of profit at big Japanese companies this year, according to analysts at SMBC Nikko, but the effect on markets was predicted to be 'limited,' they wrote on Tuesday, as the tariff rate proposed by Mr. Trump this week was similar to the one he initially floated in April. Want all of The Times? Subscribe.
Business Recorder
08-07-2025
- Business
- Business Recorder
Nikkei ends lower on caution ahead of Trump tariff deadline
TOKYO: Japan's Nikkei share average ended lower on Monday as cautious investors assessed the details of US President Donald Trump's tariffs and their impact on corporate outlook. The Nikkei fell 0.56% to close at 39,587.68, after opening marginally lower. The broader Topix slipped 0.57% to 2,811.72. 'Investors turned bearish when they saw a small decline in the Nikkei and sold more stocks,' said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. 'The market was awaiting any details of the US tariffs. Investors wanted to stay away from buying stocks until the details became clear,' he said. The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, Trump said on Sunday, with the higher rates scheduled to take effect on August 1. Yaskawa Electric tanked 10.29% to become the biggest percentage loser on the Nikkei.
