Latest news with #ShinkinAssetManagement
Economic Times
13-06-2025
- Business
- Economic Times
Japan's Nikkei falls on geopolitical worries as Israel attacks Iran
Japan's Nikkei share average fell on Friday as investors sold riskier assets after Israel launched widescale strikes against Iran, stoking worries about geopolitical risks. ADVERTISEMENT The Nikkei fell 0.89% to close at 37,834.25, mirroring moves in U.S. stock futures, but posted a 1.14% gain for the week. The broader Topix fell 0.95% to 2,756.47 and gained 0.5% for the week. "The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks," said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel launched strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders, and that this was the start of a prolonged operation to prevent Tehran from building an atomic weapon. Chip-making equipment maker Tokyo Electron fell 4.8%, dragging the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 1.61%. ADVERTISEMENT Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.35% and 1.26%, respectively. Energy sectors rose as oil prices jumped. Oil explorers jumped 2.77% to become the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes. ADVERTISEMENT Oil refiners gained 1.61% and the utility sector gained 1.17%. Defense-related shares also rose, with Mitsubishi Heavy Industries and IHI rising 2%, respectively. ADVERTISEMENT Of more than 1,600 stocks trading on the TSE's prime market, 17% rose and 79% fell, with 2% trading flat. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
13-06-2025
- Business
- Business Recorder
Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
TOKYO: Japan's Nikkei share average fell on Friday, mirroring moves in US stock futures, oil and other stock markets on news that Israel had conducted a military strike on Iran. As of 0106 GMT, the Nikkei was down 1.5% at 37,584.47. The broader Topix fell 1.28% to 2,7473.9. 'The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks,' said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel has begun carrying out strikes on Iran, two US officials said on Thursday, adding that there was no US assistance or involvement in the operation. Chip-making equipment maker Tokyo Electron fell 5.5% to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 2.1%. Japan's Nikkei falls as US stock futures decline, firmer yen weighs Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.75% and 1.5%, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. Energy sectors rose as oil prices jumped, with oil explorers and refiners gaining 3.6% and 2.2%, respectively. The utility sector rose 0.7%.
New Straits Times
13-06-2025
- Business
- New Straits Times
Japan's Nikkei falls on geopolitical concerns after Israel attacks Iran
TOKYO: Japan's Nikkei share average fell on Friday, mirroring moves in US stock futures, oil and other stock markets on news that Israel had conducted a military strike on Iran. As of 0106 GMT, the Nikkei was down 1.5 per centat 37,584.47. The broader Topix fell 1.28 per cent to 2,7473.9. "The market was selling stocks on caution for geopolitical risks, but the news was not driving a fire sale because investors still wanted to monitor the development of the attacks," said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Israel has begun carrying out strikes on Iran, two US officials said on Thursday, adding that there was no US assistance or involvement in the operation. Chip-making equipment maker Tokyo Electron fell 5.5 per cent to drag the Nikkei the most. Uniqlo-brand owner Fast Retailing lost 2.1 per cent. Exporters fell as the yen strengthened, with Toyota Motor and Nissan Motor falling 2.75 per cent and 1.5 per cent, respectively. All but three of the Tokyo Stock Exchange's 33 industry sub-indexes fell. Energy sectors rose as oil prices jumped, with oil explorers and refiners gaining 3.6 per cent and 2.2 per cent, respectively. The utility sector rose 0.7 per cent.
Business Recorder
07-06-2025
- Business
- Business Recorder
Japan's Nikkei rises on weaker yen
TOKYO: Japan's Nikkei share average rose on Friday, as a weaker yen lifted sentiment, while concerns about trade tensions eased following a phone call between US President Donald Trump and Chinese President Xi Jinping. The Nikkei rose 0.5% to 37,741.61 but fell 1% for the week. The broader Topix climbed 0.47% to 2,769.33 while posting a 1.6% weekly loss. 'The trade talks seemed to have ended peacefully and that sent a positive sign to the market,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. On Thursday, Trump held a long-awaited phone call with Xi Jinping, in an effort to resolve trade disputes between the world's two largest economies that have buffeted the global economy, and agreed to hold further discussions. But caution ahead of the US non-farm payrolls report, due later in the day, capped gains, Fujiwara said. The Nikkei got technical support ahead of the fixing of special quotation prices, used to set values on index options and futures, next week, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. 'Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index.' The yen, which last traded down 0.3% at 144 per dollar, also supported local equities, Shigetoshi Kamada, general manager at the research department of Tachibana Securities, said. Chip-related heavyweights Tokyo Electron and Advantest rose 1.28% and 2.23%, respectively.
Time of India
06-06-2025
- Automotive
- Time of India
Japan's Nikkei rises on weaker yen, easing worries about trade tensions
Japan's Nikkei share average rose on Friday, as a weaker yen lifted sentiment, while concerns about trade tensions eased following a phone call between U.S. President Donald Trump and Chinese President Xi Jinping . The Nikkei rose 0.5% to 37,741.61 but fell 1% for the week. The broader Topix climbed 0.47% to 2,769.33 while posting a 1.6% weekly loss. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Retirement Villages in Bangalore (Search Here For Results) Senior Living Communities Undo "The trade talks seemed to have ended peacefully and that sent a positive sign to the market," said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. On Thursday, Trump held a long-awaited phone call with Xi Jinping, in an effort to resolve trade disputes between the world's two largest economies that have buffeted the global economy, and agreed to hold further discussions. But caution ahead of the U.S. non-farm payrolls report, due later in the day, capped gains, Fujiwara said. Live Events The Nikkei got technical support ahead of the fixing of special quotation prices, used to set values on index options and futures, next week, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. "Foreigners, who shorted the Nikkei futures, bought them back ahead of the fixing day, which also lifted the Nikkei index." The yen, which last traded down 0.3% at 144 per dollar, also supported local equities, Shigetoshi Kamada, general manager at the research department of Tachibana Securities, said. Chip-related heavyweights Tokyo Electron and Advantest rose 1.28% and 2.23%, respectively. Automakers gained, with Honda Motor and Nissan Motor adding 1.3% and 1.27%, respectively, while Toyota Motor moved 0.06% higher. Panasonic Holdings, which supplies batteries for Tesla, lost 2.37% after Tesla shares plunged 14.3%. ispace tanked 29% to 744 yen, hitting the day's exchange-allowed floor, after the space venture said that its uncrewed moon lander likely crashed onto the lunar surface during its touchdown attempt.
