Tokyo stocks market Down august 24 2011 ; Tokyo stocks fell 0.19 per cent on Wednesday morning, giving up early gains on an overnight surge on Wall Street and the yen's slight drop after a downgrade by Moody's of Japanese sovereign debt.
The benchmark Nikkei-225 index of the Tokyo Stock Exchange, which opened up 0.91 per cent, lost steam as most other Asian markets fell.
It ended the morning session down 16.25 points at 8,716.76 and the broader Topix index of all first-section issues lost 1.72 points or 0.23 per cent to 748.67.
Hiroyuki Fukunaga, CEO of Investrust, said Tokyo stocks lost ground as investors expected US stocks would fall back on Wednesday, The stubbornly strong yen and softened sentiment following the Moody's downgrade of Japan government bonds is also contributing to the decline.
The yen weakened only slightly after Moody's lowered Japan's government bond rating to Aa3 from Aa2. "Moody's move will put added pressure on the government to raise taxes
Showing posts with label japan. Show all posts
Showing posts with label japan. Show all posts
Tuesday, August 23, 2011
Thursday, July 14, 2011
Tokyo stocks market july 14 2011, Nikkei Stock Average slipped
Tokyo stocks market july 14 2011, Nikkei Stock Average slipped : Tokyo stocks closed lower Thursday as a firm yen suppressed exporter shares for most of the day, until a sudden rise in the dollar and large-lot orders in Honda Motor late in the afternoon briefly pushed the index into positive territory.
The Nikkei Stock Average slipped 27.02 points, or 0.3%, to 9936.12, following a 0.4 rise Wednesday. The Topix index of all the Tokyo Stock Exchange First Section issues lost 3.65 points, or 0.4%, to 856.88.
September Nikkei 225 futures, which also saw heavy buying in the last hour of trading, closed down 20 points, or 0.2%, at 9930 on the Osaka Securities Exchange.
The yen was the focus of the day, strengthening against the dollar after comments by Fed Chairman Ben Bernanke overnight left open the possibility of a third round of quantitative easing, while Moody's Investors Service put U.S. government bonds on watch for a possible downgrade. Major exporters Sony finished down 1.0% at Y2,127, and Toyota Motor fell 0.7% to finish at Y3,340.
"As dollar-selling pressure mounts, investors are pinning their hopes on upcoming U.S. earnings numbers as a possible catalyst for dollar-buying," said Yumi Nishimura, senior market analyst at Daiwa Securities. Specifically, market players are watching financial heavyweight JPMorgan Chase's earnings later in the global trading day, along with Apple and Intel next week.
Select Japanese exporter stocks moved higher Thursday due to a slightly stronger euro. Euro-sensitive Olympus finished 0.2% up at Y2,629 and Mazda Motor closed 2.4% higher at Y214.
"Mazda is also likely riding on sales growth expectations from its newly launched energy-efficient car," said Takuya Yamada, senior portfolio manager at ITC Investment Partners.
The dollar rose suddenly against the yen in the late afternoon, fueling speculation of government currency intervention and temporarily pushing shares up. But the Nikkei quickly shed its gains as the speculation came into question, with several traders saying the sharp rise wasn't likely due to intervention after all.
"Even if there was intervention, the overall trend for a stronger yen and a weaker dollar will not change," said Hisatsune Kobayashi, general manager at SMBC Nikko Securities, citing continuing concerns about the recovery of the U.S. economy.
Chip-related companies had another lackluster day after Dutch chip equipment maker ASML Holding warned of slumping consumer demand for devices such as mobile phones and laptops. AMSL, which also said third-quarter orders will fall to a two-year low, supplies equipment to chip makers such as Intel and Samsung Electronics. The warning followed guidance cuts from U.S. companies Novellus Systems and Microchip Technology earlier in the week.
Nikon, which makes chip equipment similar to that of ASML, was off 0.8% at Y1,795, while Advantest ended down 2.6% at Y1,473.
Meanwhile, Toyota Motor subsidiaries Toyota Auto Body jumped 9.3% to close at Y1,481 and Kanto Auto Works closed 4.0% higher at Y826 after the parent company said Wednesday it will turn the two car assembly subsidiaries into wholly owned units in January through share swaps.
The Nikkei Stock Average slipped 27.02 points, or 0.3%, to 9936.12, following a 0.4 rise Wednesday. The Topix index of all the Tokyo Stock Exchange First Section issues lost 3.65 points, or 0.4%, to 856.88.
September Nikkei 225 futures, which also saw heavy buying in the last hour of trading, closed down 20 points, or 0.2%, at 9930 on the Osaka Securities Exchange.
The yen was the focus of the day, strengthening against the dollar after comments by Fed Chairman Ben Bernanke overnight left open the possibility of a third round of quantitative easing, while Moody's Investors Service put U.S. government bonds on watch for a possible downgrade. Major exporters Sony finished down 1.0% at Y2,127, and Toyota Motor fell 0.7% to finish at Y3,340.
"As dollar-selling pressure mounts, investors are pinning their hopes on upcoming U.S. earnings numbers as a possible catalyst for dollar-buying," said Yumi Nishimura, senior market analyst at Daiwa Securities. Specifically, market players are watching financial heavyweight JPMorgan Chase's earnings later in the global trading day, along with Apple and Intel next week.
Select Japanese exporter stocks moved higher Thursday due to a slightly stronger euro. Euro-sensitive Olympus finished 0.2% up at Y2,629 and Mazda Motor closed 2.4% higher at Y214.
"Mazda is also likely riding on sales growth expectations from its newly launched energy-efficient car," said Takuya Yamada, senior portfolio manager at ITC Investment Partners.
The dollar rose suddenly against the yen in the late afternoon, fueling speculation of government currency intervention and temporarily pushing shares up. But the Nikkei quickly shed its gains as the speculation came into question, with several traders saying the sharp rise wasn't likely due to intervention after all.
"Even if there was intervention, the overall trend for a stronger yen and a weaker dollar will not change," said Hisatsune Kobayashi, general manager at SMBC Nikko Securities, citing continuing concerns about the recovery of the U.S. economy.
Chip-related companies had another lackluster day after Dutch chip equipment maker ASML Holding warned of slumping consumer demand for devices such as mobile phones and laptops. AMSL, which also said third-quarter orders will fall to a two-year low, supplies equipment to chip makers such as Intel and Samsung Electronics. The warning followed guidance cuts from U.S. companies Novellus Systems and Microchip Technology earlier in the week.
Nikon, which makes chip equipment similar to that of ASML, was off 0.8% at Y1,795, while Advantest ended down 2.6% at Y1,473.
Meanwhile, Toyota Motor subsidiaries Toyota Auto Body jumped 9.3% to close at Y1,481 and Kanto Auto Works closed 4.0% higher at Y826 after the parent company said Wednesday it will turn the two car assembly subsidiaries into wholly owned units in January through share swaps.
Tuesday, July 12, 2011
Japanese stock market today july 13 2011, Nikkei 225 index falling
Japanese stock market today july 13 2011, Nikkei 225 index falling : Despite a negative lead from Wall Street, the Japanese stock market is trading modestly higher on Wednesday with investors picking up some front line stocks after two days of sharp losses.
The market opened on a negative note with the benchmark Nikkei 225 index falling to around 9,877 following the dollar's decline against the yen, but rebounded swiftly on some hectic buying at lower levels.
Electric power, oil, pharmaceuticals, retail and trading firms stocks are mostly trading in positive territory. Steel, pulp, insurance and marine transport stocks are trading weak.
The Nikkei 225 index, which rose to 9,971 after an initial setback, is currently trading at 9,944.2, up 17.3 points or 0.2 percent over its previous close.
Hitachi Zosen is up nearly 2.5 percent and Alps Electric is trading 2.4 percent up. Marui Group, Mitsui & Co., Yamato Holdings, Inpex, Shionogi, Tokyu Land, NTT Data, Sumitomo Heavy Industries, Sojitz, JX HD and East Japan Railway are also trading notably higher.
Bank of Yokohama, Yahoo Japan, Nippon Soda, Mitsubishi Paper, Kobe Steel and Fujitsu are among the other prominent gainers.
Nikon Corp., Tokyo Electric Power and Taiyo Yuden are down 2.2 to 3 percent. Yokogawa Electric, Mizuho Trust & Banking, Mizuho Trust & Banking, Chiyoda, Minebea, Ricoh and Nippon Electric Glass are also down with notable losses.
In the currency market, the U.S. dollar traded at the mid-79 yen level in early trades in Tokyo. The yen is currently trading at 79.46 to the dollar.
The market opened on a negative note with the benchmark Nikkei 225 index falling to around 9,877 following the dollar's decline against the yen, but rebounded swiftly on some hectic buying at lower levels.
Electric power, oil, pharmaceuticals, retail and trading firms stocks are mostly trading in positive territory. Steel, pulp, insurance and marine transport stocks are trading weak.
The Nikkei 225 index, which rose to 9,971 after an initial setback, is currently trading at 9,944.2, up 17.3 points or 0.2 percent over its previous close.
Hitachi Zosen is up nearly 2.5 percent and Alps Electric is trading 2.4 percent up. Marui Group, Mitsui & Co., Yamato Holdings, Inpex, Shionogi, Tokyu Land, NTT Data, Sumitomo Heavy Industries, Sojitz, JX HD and East Japan Railway are also trading notably higher.
Bank of Yokohama, Yahoo Japan, Nippon Soda, Mitsubishi Paper, Kobe Steel and Fujitsu are among the other prominent gainers.
Nikon Corp., Tokyo Electric Power and Taiyo Yuden are down 2.2 to 3 percent. Yokogawa Electric, Mizuho Trust & Banking, Mizuho Trust & Banking, Chiyoda, Minebea, Ricoh and Nippon Electric Glass are also down with notable losses.
In the currency market, the U.S. dollar traded at the mid-79 yen level in early trades in Tokyo. The yen is currently trading at 79.46 to the dollar.
Tuesday, July 5, 2011
Japanese stock market Wednesday july 6 2011, Nikkei 225 index rose
Japanese stock market Wednesday july 6 2011, Nikkei 225 index rose ; After an early upmove and a subsequent fall, the Japanese stock market rallied higher on Wednesday with the Nikkei index hitting the 10,000 mark amid some brisk buying at a few heavyweight counters. However, with investors mostly looking to take some profits after recent strong gains, the market has retreated to lower levels and is currently trading flat.
The Nikkei 225 index, which rose to 10,005.4 after falling to 9,967.8, is currently trading at 9,978.7, up 6.2 points or 0.1 percent over its previous close.
Mining, manufacturing, marine transport and paper stocks are mostly trading higher. Electric power, pharmaceuticals, railway, oil and financial stocks are trading weak.
Nippon Paper Group shares are up nearly 4.5 percent. Pioneer Corp is up 4.3 percent. East Japan Railway, Hokuetsu Kishu Paper, Toto and Oji Paper are up 2 to 2.5 percent.
All Nippon Airways, Fast Retailing, UBE, Tokyo Electric Power, Bridgestone, Mitsubishi Chemicals, Yamaha Corp., Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work and Inpex are also trading notably higher.
Among automobile stocks, Mitsubishi Motor, Suzuki Motor and Nissan Motor are trading in positive territory with smart gains, while Mazda Motor and Toyota Motor are trading lower.
In the banking space, Mizuho Trust & Banking, Mitsubishi UFJ Financial, Chiba Bank, Shizuoka Bank and Bank of Yokohama are trading weak.
Credit Saison, Daiwa Securities Group, CSK Corp., NGK Insulators, Kansai Electric Power, Sapporo Holdings, Takashimaya and Obayashi Corp are down with notable losses.
In the currency market, the U.S. dollar traded in the lower 81 yen level in early deals in Tokyo. The yen is currently trading at 80.92 to the U.S. dollar.
Tag ; Nippon Airways stock july 6 2011, Fast Retailing, UBE, Tokyo Electric Power share , Bridgestone stock price, Mitsubishi Chemicals share prices july 6 2011, Yamaha Corp. stock prices july 6 2011, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work, Nikkei 225 index share prices july 6 2011.
The Nikkei 225 index, which rose to 10,005.4 after falling to 9,967.8, is currently trading at 9,978.7, up 6.2 points or 0.1 percent over its previous close.
Mining, manufacturing, marine transport and paper stocks are mostly trading higher. Electric power, pharmaceuticals, railway, oil and financial stocks are trading weak.
Nippon Paper Group shares are up nearly 4.5 percent. Pioneer Corp is up 4.3 percent. East Japan Railway, Hokuetsu Kishu Paper, Toto and Oji Paper are up 2 to 2.5 percent.
All Nippon Airways, Fast Retailing, UBE, Tokyo Electric Power, Bridgestone, Mitsubishi Chemicals, Yamaha Corp., Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work and Inpex are also trading notably higher.
Among automobile stocks, Mitsubishi Motor, Suzuki Motor and Nissan Motor are trading in positive territory with smart gains, while Mazda Motor and Toyota Motor are trading lower.
In the banking space, Mizuho Trust & Banking, Mitsubishi UFJ Financial, Chiba Bank, Shizuoka Bank and Bank of Yokohama are trading weak.
Credit Saison, Daiwa Securities Group, CSK Corp., NGK Insulators, Kansai Electric Power, Sapporo Holdings, Takashimaya and Obayashi Corp are down with notable losses.
In the currency market, the U.S. dollar traded in the lower 81 yen level in early deals in Tokyo. The yen is currently trading at 80.92 to the U.S. dollar.
Tag ; Nippon Airways stock july 6 2011, Fast Retailing, UBE, Tokyo Electric Power share , Bridgestone stock price, Mitsubishi Chemicals share prices july 6 2011, Yamaha Corp. stock prices july 6 2011, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work, Nikkei 225 index share prices july 6 2011.
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