Latest news with #IwaiCosmoSecurities
Time of India
13 hours ago
- Business
- Time of India
Japan's Nikkei ends lower as uncertainties in Middle East conflict weigh
Japan's Nikkei share average gave up early gains to end lower on Friday, as geopolitical risks surrounding the Middle East conflict weighed on sentiment. The Nikkei fell 0.22% to 38,403.23, after rising as much as 0.4% earlier in the session. The index rose 1.5% for the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The broader Topix fell 0.75% to 2,771.26 but posted a 0.54% weekly gain. "With the absence of market-moving catalysts, uncertainties surrounding the Middle East tensions dragged investor sentiment," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The White House said on Thursday that U.S. President Donald Trump will make a decision within the next two weeks whether to support Israel in its ongoing conflict with Iran. Live Events "On top of the uncertainties about the conflict in the region, the outlook of the U.S. tariff plans remains unclear," said Arisawa. Uniqlo-brand owner Fast Retailing fell 1.8%, dragging the Nikkei the most. Phone company KDDI fell 1.72%. Game maker Nintendo slipped 4.11% to become the worst percentage loser on the Nikkei. Chip-related shares rose, with Advantest jumping 4.2% to become the biggest support to the Nikkei. Lasertec rose 4.97% to become the top percentage gainer on the Nikkei. Machinery maker Amada rose 4.43% Of more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 27% rose and 69% fell, while 3% traded flat.
Business Recorder
14 hours ago
- Business
- Business Recorder
Japan's Nikkei trades lower as uncertainties in Middle East conflict weigh
TOKYO: Japan's Nikkei share average reversed early gains to trade lower on Friday as geopolitical risks surrounding the Middle East conflict weighed on sentiment. As of 0208 GMT, the Nikkei was down 0.1% at 38,442.36, after rising as much as 0.4% earlier in the session. The index is set to rise 1.6% for the week. The broader Topix fell 0.29% to 2,784.02 but is on course to post a 1% weekly gain. 'With the absence of market-moving catalysts, uncertainties surrounding the Middle East tensions dragged investor sentiment,' said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The White House said on Thursday that US President Donald Trump will make a decision within the next two weeks whether to support Israel in its ongoing conflict with Iran. 'On top of the uncertainties about the conflict in the region, the outlook of the US tariff plans remains unclear,' said Arisawa. Uniqlo-brand owner Fast Retailing fell 2.1%, dragging the Nikkei the most. Game maker Konami Group lost 1.7%. Department store operator Retailing fell 2.87% to become the worst performer of the Nikkei. Nikkei hits four-month high on weaker yen Chip-testing equipment maker Advantest jumped 4.6% to become the biggest support to the Nikkei. Chip-making equipment maker Tokyo Electron reversed early gains to trade 0.25% lower. Machinery maker Amada rose 5% to become the top performer of the Nikkei. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 37% rose and 57% fell, while 4% traded flat.
Business Recorder
03-06-2025
- Automotive
- Business Recorder
Nikkei falls on worries about US-China trade tension, stronger yen
TOKYO: Japan's Nikkei share average fell on Monday, dragged lower by worries over trade tensions between the US and China, and a stronger yen, which hurt automakers. As of 0204 GMT, the Nikkei dropped 1.4% at 37,428.14 and the broader Topix slipped 1.02% to 2773. 'Investors were worried about rising uncertainties about trade issues,' said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities. 'Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished.' US President Donald Trump on Friday accused China of breaching a trade agreement with the US and issued a new veiled threat to get tougher with Beijing. Trump later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and tariffs. The yen strengthened on Monday, following the declines of US Treasury yields on Friday, which also weighed on Japanese stocks, said Arisawa. The yen rose 0.37% to 143.5 against the US dollar. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. 'One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the US,' said Arisawa. Automakers fell, with Toyota Motor and Honda Motor down 2.49% and 2.11%, respectively. Chip-related shares fell, with Advantest and Tokyo Electron slipping 3.57% and 2%, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tyre makers losing 1.95% and 2.38%, respectively, to become the worst performers. Sumitomo Realty & Development was up 1.5%, after jumping as much as 7% as a government filing showed an activist Elliott International took a 2.99% stake in the property developer.
Business Recorder
02-06-2025
- Automotive
- Business Recorder
Japan's Nikkei ends lower on worries about US-China trade tension, stronger yen
TOKYO: Japan's Nikkei share average ended lower on Monday amid worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. The Nikkei fell 1.3% to 37,470.67 and the broader Topix slipped 0.87% to 2777.29. 'Investors were worried about rising uncertainties about trade issues,' said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities. 'Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished.' U.S. President Donald Trump on Friday accused China of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with Beijing. Trump later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and tariffs. The yen strengthened on Monday, rising 0.6% to 143.15 against the U.S. dollar, following the declines of U.S. Treasury yields on Friday. This also weighed on Japanese stocks, said Arisawa. Nikkei ends at two-week high on US tariff relief A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. 'One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the U.S.,' said Arisawa. Automakers fell, with Toyota Motor and Honda Motor down 2.82% and 2.11%, respectively. Chip-related shares declined, with Advantest and Tokyo Electron slipping 3.76% and 1.72%, respectively. All but five of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tyre makers losing 2% and 3.22%, respectively, to become the worst performers. T&D Holdings ended 4% higher after a report said an activist investor built a 4-5% stake in the insurer group.
Time of India
02-06-2025
- Automotive
- Time of India
Japan's Nikkei ends lower on worries about US-China trade tension, stronger yen
Japan's Nikkei share average ended lower on Monday amid worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. The Nikkei fell 1.3% to 37,470.67 and the broader Topix slipped 0.87% to 2777.29. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo "Investors were worried about rising uncertainties about trade issues," said Shoichi Arisawa, general manager of investment research at IwaiCosmo Securities. "Optimism over the tariff policy, which pushed the Nikkei over the psychologically important level of 38,000 last week, has vanished." U.S. President Donald Trump on Friday accused China of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with Beijing. Live Events Trump later said he would speak to China's President Xi Jinping and hopefully work out their differences on trade and tariffs. The yen strengthened on Monday, rising 0.6% to 143.15 against the U.S. dollar, following the declines of U.S. Treasury yields on Friday. This also weighed on Japanese stocks, said Arisawa. A stronger yen typically weighs on exporter shares by reducing the value of overseas earnings when converted back into Japanese currency. "One market-moving cue would be the G7 leaders' summit to be held in Canada later this month, where we may see the fate of trade talks between Japan and the U.S.," said Arisawa. Automakers fell, with Toyota Motor and Honda Motor down 2.82% and 2.11%, respectively. Chip-related shares declined, with Advantest and Tokyo Electron slipping 3.76% and 1.72%, respectively. All but five of the Tokyo Stock Exchange's 33 industry sub-indexes fell, with the auto sector and tyre makers losing 2% and 3.22%, respectively, to become the worst performers. T&D Holdings ended 4% higher after a report said an activist investor built a 4-5% stake in the insurer group.
