Latest news with #TOPX
Yomiuri Shimbun
2 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Retreats from 4-Month High as Threat of US Involvement in Iran Conflict Looms
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 19 (Reuters) – Japan's Nikkei share average retreated from a four-month high on Thursday as the threat of war between the United States and Iran dampened demand for higher-yielding assets. The Nikkei 225 Index .N225 slid 0.8%, snapping a three-day rise that lifted the gauge to the highest since February 20. The broader Topix .TOPX lost 0.6%. The Israel-Iran conflict entered its seventh day, and President Donald Trump was ambiguous about whether the U.S. 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 Shimizu. There were 48 advancers on the Nikkei against 175 decliners. The biggest losers were Taiyo Yuden 6976.T, down 3.1%, followed by Sumitomo Pharma 4506.T, which lost 3%. The largest gainer was Nippon Steel Corp 5401.T, surging 4.3% after it completed its long-simmering $14.9 billion acquisition of U.S. Steel X.N.
Yomiuri Shimbun
4 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Wall Street Gains, Shrugs off BOJ Decision
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 17 (Reuters) – Japan's Nikkei share average advanced on Tuesday, tracking overnight Wall Street gains, following signs of a potential de-escalation of tensions in the Middle East. The equity market largely shrugged off the Bank of Japan's decision to slow its pace of government bond purchase reductions from next April, and keep interest rates steady, as expected. The Nikkei .N225 rose 0.6% to 38,524.52, as of 0346 GMT, shortly after the central bank's announcement. The broader Topix .TOPX added 0.3%. All three major U.S. stock indexes advanced strongly on Monday as market sentiment improved with Iran seeking a ceasefire with Israel. Meanwhile, the BOJ maintained short-term rates at 0.5% by a unanimous vote at the two-day policy meeting that ended on Tuesday. At the same time, BOJ Governor Kazuo Ueda is likely to reiterate a commitment to raising rates when he holds a press conference at 0630 GMT, despite rising uncertainty from U.S. trade tariffs and global conflicts including in the Middle East. Under its fiscal 2026 plan starting in April, the BOJ will reduce monthly bond buying by 200 billion yen ($1.38 billion) each quarter, reducing the total to around 2 trillion yen by March 2027. Japanese growth shares outperformed, with a Topix index of the securities .TOPXG up 0.5%, compared with a 0.2% rise for value shares .TOPXV. Chip-related stocks were among the Nikkei's top performers. Disco 6146.T was the biggest percentage gainer with a 6.5% surge. Advantest 6857.T climbed 2.8% and Tokyo Electron 8035.T advanced 3.2%. Out of the Nikkei's 225 components, 139 rose, 83 fell and three traded flat.
Yomiuri Shimbun
09-06-2025
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Jumps as Chip Stocks Rally Ahead of Sino-US Talks
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 9 (Reuters) – Japan's Nikkei share average advanced 1% on Monday ahead of trade talks between the U.S. and China in London later in the day, with investors watching for any easing of restrictions over semiconductor shipments. Both countries are under pressure to relieve tensions, with China dominating global exports of rare earth minerals needed for chips and other advanced technologies, while the U.S. has curtailed exports of chip-design software to China. A phone call between U.S. President Donald Trump and Chinese counterpart Xi Jinping on Thursday led to the Monday talks, with Trump later saying rare earth supply would no longer be a problem for the United States. The Nikkei .N225 rose 1.05% to 38,137.09 as of the midday trading recess. The broader Topix .TOPX rose 0.63%. A sub-index of growth shares .TOPXG rallied 0.8%, outpacing a 0.47% rise in value shares .TOPXV. Chip-testing equipment maker and Nvidia supplier Advantest 6857.T was Nikkei's biggest gainer in index-point terms with a 5.17% climb. 'The trade talks in London are at the very least a step in the direction of easing restrictions on chip shipments between the U.S. and China,' buoying the sector on Monday, said Yunosuke Ikeda, chief macro strategist at Nomura. Artificial intelligence-focused startup investor SoftBank Group 9984.T jumped 4.03%. Chip-sector stocks Disco 6146.T and Lasertec 6920.T rose about 3% each. Otsuka Holdings 4578.T, the Nikkei's biggest percentage gainer, soared 8.65% after the drugmaker said its experimental therapy for a potentially life-threatening kidney disease more than halved severe levels of protein in the urine of patients. On the other end, iSpace 9348.T was poised to fall by the daily limit for the second straight session after its second failed attempt to put a lunar lander on the moon last week. The stock was set to slide 20%, with offers to sell outnumbering bids by 9-to-1.
Yomiuri Shimbun
22-05-2025
- Business
- Yomiuri Shimbun
Japan's Nikkei Falls to 2-week Low, Tracking Wall Street's Decline
Yomiuri Shimbun file photo Tokyo Stock Exchange TOKYO, May 22 (Reuters) – Japan's Nikkei share average fell to a two-week low on Thursday, tracking the sharp declines on Wall Street, while a spike in U.S. Treasury yields and a stronger yen weighed on sentiment. By 0019 GMT, the Nikkei was down 0.8% at 37,007.79, after dropping to 36,873.61, the lowest since May 8. The broader Topix .TOPX slipped 0.45% to 2,720.78. Overnight, U.S. stocks closed sharply lower as Treasury yields spiked on worries that U.S. government debt would swell by trillions of dollars if Congress passes President Donald Trump's proposed tax-cut bill. Longer-dated U.S. Treasury yields rose on Wednesday after the Treasury Department's $16 billion sale of 20-year bonds saw soft investor demand. The yen JPY=EBS strengthened against the dollar overnight, and was last up 0.2% at 143.43. In Japan, chip-related Tokyo Electron and Advantest fell 2.9% and 2.5%, respectively. Uniqlo-brand owner Fast Retailing lost 1.12%. Railway operator Keisei Electric Railway 9009.T shed 8.5% to become the biggest percentage gainer on the Nikkei. Bucking the trend, drug maker Daiichi Sankyo rose 2.9% and the Topix's drug sector added 1.19% to be the top-performing sector among the Tokyo Stock Exchange's 33 industry sub-indexes.
