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Time of India
9 hours ago
- Business
- Time of India
Japan's Nikkei ends lower as uncertainties in Middle East conflict weigh
Japan's Nikkei share average gave up early gains to end lower on Friday, as geopolitical risks surrounding the Middle East conflict weighed on sentiment. The Nikkei fell 0.22% to 38,403.23, after rising as much as 0.4% earlier in the session. The index rose 1.5% for the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The broader Topix fell 0.75% to 2,771.26 but posted a 0.54% 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. Live Events "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 fell 1.8%, dragging the Nikkei the most. Phone company KDDI fell 1.72%. Game maker Nintendo slipped 4.11% to become the worst percentage loser on the Nikkei. Chip-related shares rose, with Advantest jumping 4.2% to become the biggest support to the Nikkei. Lasertec rose 4.97% to become the top percentage gainer on the Nikkei. Machinery maker Amada rose 4.43% Of more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 27% rose and 69% fell, while 3% traded flat.
Business Recorder
10 hours ago
- Business
- Business Recorder
Japan's Nikkei trades lower as uncertainties in Middle East conflict weigh
TOKYO: 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 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 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 US 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 US tariff plans remains unclear,' said Arisawa. Uniqlo-brand owner Fast Retailing fell 2.1%, dragging the Nikkei the most. Game maker Konami Group lost 1.7%. Department store operator Retailing fell 2.87% to become the worst performer of the Nikkei. Nikkei hits four-month high on weaker yen Chip-testing equipment maker Advantest jumped 4.6% to become the biggest support to the Nikkei. Chip-making equipment maker Tokyo Electron reversed early gains to trade 0.25% lower. Machinery maker Amada 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
13 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.
Business Recorder
2 days ago
- Business
- Business Recorder
Nikkei hits four-month high on weaker yen
SINGAPORE: Japan's Nikkei share average touched a four-month high on Wednesday, boosted by a weaker yen even as investors kept a wary eye on the rapidly escalating conflict between Israel and Iran. The Nikkei ended the day up 0.9% at the session's high of 38,885.15, a level last seen on February 20. The broader Topix rose 0.8%. The biggest boost to the Nikkei came from Uniqlo-brand owner Fast Retailing, chip-testing equipment maker Advantest and Switch-maker Nintendo, which rose 2%, 1.2% and 6.6%, respectively. 'Japan remains one of our favoured equity markets,' said Ben Powell, chief APAC investment strategist at the BlackRock Investment Institute. 'Ongoing shareholder-friendly reforms to boost profitability support our tactical overweight on Japanese stocks,' he said. 'We prefer unhedged equity exposures, given the yen's tendency to strengthen during periods of market stress.' The Nikkei steadily extended its advance as the day progressed despite heightened worries among market participants over the potential for a more direct US military involvement in the Middle East.
Mint
2 days ago
- Business
- Mint
Nikkei hits four-month high on weaker yen, defying geopolitical risks
(Updates with closing prices) SINGAPORE, June 18 (Reuters) - Japan's Nikkei share average touched a four-month high on Wednesday, boosted by a weaker yen even as investors kept a wary eye on the rapidly escalating conflict between Israel and Iran. The Nikkei ended the day up 0.9% at the session's high of 38,885.15, a level last seen on February 20. The broader Topix rose 0.8%. The biggest boost to the Nikkei came from Uniqlo-brand owner Fast Retailing, chip-testing equipment maker Advantest and Switch-maker Nintendo, which rose 2%, 1.2% and 6.6%, respectively. "Japan remains one of our favoured equity markets," said Ben Powell, chief APAC investment strategist at the BlackRock Investment Institute. "Ongoing shareholder-friendly reforms to boost profitability support our tactical overweight on Japanese stocks," he said. "We prefer unhedged equity exposures, given the yen's tendency to strengthen during periods of market stress." The Nikkei steadily extended its advance as the day progressed despite heightened worries among market participants over the potential for a more direct U.S. military involvement in the Middle East. Reuters reported, citing three U.S. officials, that the U.S. military is deploying more fighter aircraft to the region and extending the deployment of other warplanes. U.S. President Donald Trump called for Iran's "unconditional surrender". The safe-haven yen strengthened 0.2% versus the U.S. dollar on Wednesday but touched a one-week low earlier in the session, following a 1.3% slide over the previous three days. A weaker Japanese currency tends to boost shares of exporters, as it increases the value of overseas profits in yen terms. "The weaker yen is providing support," said Maki Sawada, an equities strategist at Nomura Securities. "A solid floor seems to have formed for the Nikkei, but the market is cautious about developments in the Middle East and will be sensitive to any headlines." (Reporting by Ankur Banerjee in Singapore and Kevin Buckland in Tokyo; Editing by Harikrishnan Nair and Rashmi Aich)
