Latest news with #ScreenHoldings
Time of India
2 days ago
- Business
- Time of India
Japan's Nikkei retreats from 4-month high as US-Iran tensions weigh
As tensions between the United States and Iran escalated, the Nikkei 225 Index experienced a downturn, ending its three-day winning streak. The ongoing conflict between Israel and Iran left investors anxious about U.S. engagement. Trend Micro and Screen Holdings suffered notable losses, while Nippon Steel thrived after its acquisition of U.S. Steel. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Japan's Nikkei share average retreated from a four-month high on Thursday, as escalating tensions between the United States and Iran dampened demand for higher-yielding Nikkei 225 Index closed 1% lower, snapping a three-day winning streak that had pushed the gauge to the highest since February 20. The broader Topix lost 0.6%.The Israel-Iran conflict entered its seventh day, and U.S. President Donald Trump was ambiguous about whether Washington would join in bombardment of Iran's nuclear sites."Heightened tensions in the Middle East continue to cool investor sentiment, with the downside appearing to widen," said Nomura strategist Fumika were 62 advancers in the Nikkei index against 159 decliners. The largest percentage losses in the index were Trend Micro, down 8.4%, followed by Screen Holdings which skidded 4%.Nippon Steel was among the top gainers, rising 2.3% after completing its long-awaited $14.9 billion acquisition of U.S. Steel.
Japan Times
5 days ago
- Business
- Japan Times
Bitcoin buyer Metaplanet sees market value top ¥1 trillion amid crypto rally
Japan's hotelier-turned-Bitcoin-buyer Metaplanet has overtaken memory chipmaker Kioxia Holdings in terms of market capitalization, after the stock soared nearly 400% in less than two months riding a global crypto rally. Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains that also took it past chipmaker Screen Holdings and Tokyo Metro, operator of one of the world's biggest subway systems. The stock rocketed 26% Monday as it announced its purchase of ¥16.9 billion worth of Bitcoin, which hit a record of $111,980 on May 22. Metaplanet has plans to raise about $5.4 billion to add to its Bitcoin stockpile. The company is among a growing cadre of listed entities globally that have followed the approach adopted by Strategy, the software-maker that has amassed more than $60 billion of the original digital asset. Over a five-year period, Metaplanet shares have soared more than 3,000%. But not everyone is convinced Metaplanet's rally will last. Short positions have grown to about 23% of its free float as of last Thursday, the largest among Tokyo-listed companies of at least that size, according to data from S&P Global. Listed on the Tokyo Stock Exchange's Standard section for medium-size companies and basic governance standards, Metaplanet is the largest stock on the bourse without any analyst coverage, data shows.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia
(Bloomberg) -- Japan's hotelier-turned-Bitcoin-buyer Metaplanet Inc. overtook memory chipmaker Kioxia Holdings Corp. in terms of market capitalization as the stock soared nearly 400% in less than two months, riding the global crypto rally. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains which also took it past chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the world's biggest subway systems. The stock rocketed 26% Monday as it announced its purchase of ¥16.9 billion worth of Bitcoin which hit a record of $111,980 on May 22. Metaplanet has plans to raise about $5.4 billion to add to its Bitcoin stockpile. The company is among a growing cadre of listed entities globally that have followed the strategy adopted by Strategy, the software maker that has amassed more than $60 billion of the original digital asset. Over a five-year period, Metaplanet shares have soared more than 3,000%. Bitcoin Hoarder's Stock Soars 4,800% in Japan on Crypto Rally But not everyone is convinced Metaplanet's rally will last. Short positions have grown to about 23% of its free float as of June 12, the largest among Tokyo-listed companies of at least that size, according to data from S&P Global. Listed on the Tokyo Stock Exchange's Standard section for medium-sized companies and basic governance standards, Metaplanet is the largest stock on the bourse without any analyst coverage, according to data compiled by Bloomberg. (Adds Metaplanet stock's five-year move in fourth paragraph) American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software As Companies Abandon Climate Pledges, Is There a Silver Lining? New Grads Join Worst Entry-Level Job Market in Years The $7 Billion Nicotine-Pouch Market's Next Target? Women ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia
(Bloomberg) -- Japan's hotelier-turned-Bitcoin-buyer Metaplanet Inc. overtook memory chipmaker Kioxia Holdings Corp. in terms of market capitalization as the stock soared nearly 400% in less than two months, riding the global crypto rally. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains which also took it past chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the world's biggest subway systems. The stock rocketed 26% Monday as it announced its purchase of ¥16.9 billion worth of Bitcoin which hit a record of $111,980 on May 22. Metaplanet has plans to raise about $5.4 billion to add to its Bitcoin stockpile. The company is among a growing cadre of listed entities globally that have followed the strategy adopted by Strategy, the software maker that has amassed more than $60 billion of the original digital asset. Not everyone is convinced Metaplanet's rally will last. Short positions have grown to about 23% of its free float as of June 12, the largest among companies of at least that size, according to data from S&P Global. Listed on the Tokyo Stock Exchange's Standard section for medium-sized companies and basic governance standards, Metaplanet is the largest stock on the bourse without any analyst coverage, according to data compiled by Bloomberg. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P.
Bloomberg
5 days ago
- Business
- Bloomberg
Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia
Japan's hotelier-turned-Bitcoin-buyer Metaplanet Inc. overtook memory chipmaker Kioxia Holdings Corp. in terms of market capitalization as the stock soared nearly 400% in less than two months, riding the global crypto rally. Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains which also took it past chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the world's biggest subway systems.
