Latest news with #Topix.TOPX
Yomiuri Shimbun
12 hours ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Trades Lower as Uncertainties in Middle East Conflict Weigh
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 20 (Reuters) – 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 .N225 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 .TOPX 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 U.S. 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 U.S. tariff plans remains unclear,' said Arisawa. Uniqlo-brand owner Fast Retailing 9983.T fell 2.1%, dragging the Nikkei the most. Game maker Konami Group 9766.T lost 1.7%. Department store operator Retailing 3086.T fell 2.87% to become the worst performer of the Nikkei. Chip-testing equipment maker Advantest 6857.T jumped 4.6% to become the biggest support to the Nikkei. Chip-making equipment maker Tokyo Electron 8035.T reversed early gains to trade 0.25% lower. Machinery maker Amada 6113.T 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.
Yomiuri Shimbun
4 days ago
- Automotive
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises as Weaker Yen Provides Boost to Exporters
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 16 (Reuters) – Japan's Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a weaker yen supporting sentiment. As of 0155 GMT, the Nikkei .N225 was up 0.9% at 38,164.07, while the broader Topix .TOPX rose 0.54% to 2,772.46. 'Investors were less worried about geopolitical tensions in the Middle East, and the market saw no need for additional sell-offs,' said Kentaro Hayashi, senior strategist at Daiwa Securities. 'There is an optimism that the conflict will be contained with countries like the United States and Russia stepping in,' he added. The Nikkei fell on Friday after Israel launched strikes against Iran, and Wall Street ended sharply lower later in the day. On Monday, Advantest 6857.T jumped 8% to provide the biggest boost to the Nikkei. The chip-making equipment maker, one of the largest components of the Nikkei, tends to be bought when the market bets the upside of the benchmark index. Automakers rose on the back of a weaker yen, with Honda Motor 7267.T and Nissan Motor 7201.T rising 3.4% and 1%, respectively. Toyota Motor 7203.T was up 0.4%. The yen fell at the end of the week as investors bought safe-haven assets, such as the U.S. dollar. The greenback was last up 0.17% to 144.325 against the Japanese yen JPY=EBS. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms when firms repatriate the money to Japan. Nippon Steel 5401.T rose 2.4% after U.S President Donald Trump approved its $14.9 billion bid for U.S. Steel X.N on Friday. The sector for steel makers .ISTEL.T rose 1.77% to become the top performer among the Tokyo Stock Exchange's (TSE) 33 industry sub-indexes. The shipping sector .ISHIP.T rose 1.66% on expectations for rising freight rates amid the Middle East conflict. Kawasaki Kisen 9107.T rose 2.4%. Of more than 1,600 stocks trading on the TSE's prime market, 66% rose and 28% fell with 4% trading flat.
