Latest news with #NikkeiStockAverage
The Mainichi
13 hours ago
- Business
- The Mainichi
Tokyo stocks end lower amid uncertainty over Middle East conflict
TOKYO (Kyodo) -- Tokyo stocks ended slightly lower Friday, as many investors refrained from buying amid uncertainty over the intensifying Israel-Iran conflict in the Middle East. The 225-issue Nikkei Stock Average closed down 85.11 points, or 0.22 percent, from Thursday at 38,403.23. The broader Topix index finished 20.82 points, or 0.75 percent, lower at 2,771.26. On the top-tier Prime Market, decliners were led by insurance, mining and farm and fishery issues. The U.S. dollar moved little amid a lack of fresh trading cues in Tokyo after falling to the lower 145 yen range on selling following its three-week high in the upper 145 yen level overnight. The Nikkei stock index was directionless amid uncertainty over whether Israel and Iran will seek a diplomatic solution, with U.S. President Donald Trump saying he will decide within two weeks whether to strike Iran, brokers said. "Investors were finding it difficult to tilt their positions to either buy or sell as it is unclear whether the situation in the Middle East will peak or deteriorate due to actions to be taken by the United States," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. The ongoing Middle East conflict could have a negative influence on U.S.-Japan tariff negotiations, with Japan's chief negotiator pointing to the possibility of Washington becoming unable to devote time to holding talks with Tokyo, some brokers said. "I personally feel that the tariff negotiations may not go well" and prompt stocks to start falling, said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank.
The Mainichi
17 hours ago
- Business
- The Mainichi
Tokyo stocks dip in morning amid uncertainty over Mideast conflict
TOKYO (Kyodo) -- Tokyo stocks edged down Friday morning, amid heightened uncertainty as the Israel-Iran conflict in the Middle East intensified. The 225-issue Nikkei Stock Average fell 42.77 points, or 0.11 percent, from Thursday to 38,445.57. The broader Topix index was down 8.23 points, or 0.29 percent, at 2,783.85. The U.S. dollar fell to the lower 145 yen range in Tokyo on selling following its three-week high in the upper 145 yen level overnight, dealers said. At noon, the dollar fetched 145.24-26 yen compared with 145.68-73 yen at 4 p.m. in London and 145.39-41 yen in Tokyo at 5 p.m. Thursday. The euro was quoted at $1.1517-1521 and 167.27-35 yen against $1.1461-1462 and 166.64-68 yen in Tokyo late Thursday afternoon. U.S. markets were closed Thursday for a public holiday. In the stock market, investors refrained from trading actively amid uncertainty over whether Israel and Iran will seek a diplomatic solution, with U.S. President Donald Trump saying he will decide within two weeks whether to strike Tehran, brokers said. "Investors were finding it difficult to tilt their positions to either buy or sell as it is unclear whether the situation in the Middle East will peak out or deteriorate due to actions to be taken by the United States," said Maki Sawada, a strategist in the Investment Content Department of Nomura Securities Co.
The Mainichi
20 hours ago
- Business
- The Mainichi
Tokyo stocks open mixed on Middle East tensions, firm tech shares
TOKYO (Kyodo) -- Tokyo stocks opened mixed Friday as selling on concern over intensifying tensions in the Middle East was offset by buying of heavyweight technology shares. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 105.39 points, or 0.27 percent, from Thursday to 38,593.73. The broader Topix index was down 0.30 point, or 0.01 percent, at 2,791.78. On the top-tier Prime Market, gainers were led by pulp and paper, and securities house issues, while farm and fishery, and electric power and gas shares were the main decliners. At 9 a.m., the U.S. dollar fetched 145.22-26 yen compared with 145.68-73 yen at 4 p.m. in London and 145.39-41 yen in Tokyo at 5 p.m. Thursday. The euro was quoted at $1.1510-1513 and 167.17-20 yen against $1.1461-1462 and 166.64-68 yen in Tokyo late Thursday afternoon. U.S. markets were closed Thursday for a public holiday.
The Mainichi
2 days ago
- Business
- The Mainichi
Tokyo stocks snap 3-day win streak on fears over Mideast tensions
TOKYO (Kyodo) -- Tokyo stocks snapped a three-day winning streak Thursday, as concerns grew over intensifying tensions in the Middle East following reports that the United States may join Israel in striking Iran. The 225-issue Nikkei Stock Average ended down 396.81 points, or 1.02 percent, from Wednesday at 38,488.34. The broader Topix index finished 16.27 points, or 0.58 percent, lower at 2,792.08. On the top-tier Prime Market, decliners were led by electric appliance, pharmaceutical and metal product issues. The U.S. dollar was steady around the 145 yen line in Tokyo, as market participants were cautious amid uncertainty over the Israel-Iran conflict and U.S. tariffs, dealers said. Stocks fell following an overnight decline of the U.S. Dow Jones index, with sentiment hurt after President Donald Trump reportedly told senior aides that he approved Iran attack plans but has put the final order on hold to see whether Tehran will abandon its nuclear program, brokers said. "As Trump has held his position not to rule out the possibility of a direct intervention or perhaps U.S. military operations, such remarks helped dampen sentiment," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. The benchmark Nikkei briefly lost nearly 400 points as investors locked in gains after climbing more than 1,000 points over the past three trading days, with selling pressure particularly strong on heavyweight semiconductor-related issues.
The Mainichi
2 days ago
- Business
- The Mainichi
Tokyo stocks fall in morning on Mideast concern, Dow Jones drop
TOKYO (Kyodo) -- Tokyo stocks fell Thursday morning as concerns grew about intensifying tensions in the Middle East following reports that the United States may join Israel in striking Iran. The 225-issue Nikkei Stock Average fell 287.99 points, or 0.74 percent, from Wednesday to 38,597.16. The broader Topix index was down 16.41 points, or 0.58 percent, at 2,791.94. The U.S. dollar mostly traded around the 145 yen line in Tokyo as caution prevailed, dealers said. At noon, the dollar fetched 145.17-19 yen compared with 145.12-22 yen in New York and 144.94-96 yen in Tokyo at 5 p.m. Wednesday. The euro was quoted at $1.1455-1457 and 166.28-34 yen against $1.1479-1489 and 166.50-60 yen in New York and $1.1512-1513 and 166.86-90 yen in Tokyo late Wednesday afternoon. On the stock market, sentiment was dampened after Trump reportedly told senior aides that he approved Iran attack plans but has put the final order on hold to see if Tehran would abandon its nuclear program, brokers said. The market was also dragged down by selling to lock in recent gains after the Nikkei index rose more than 1,000 points over the past three trading days.
