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Japanese shares skid as Trump's tariff threat weighs on automakers

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[hfe_template id='11223'] [ad_1] Japanese shares ended lower on Wednesday, dragged by a decline in automakers after U.S. President Donald Trump's auto tariff threat. The Nikkei share average ended 0.27% lower at 39,164.61. The broader Topix mirrored the drop to end at 2,767.25. "The Nikkei opened lower as remarks about tariffs on cars weighed on sentiment," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. Trump said on Tuesday he intended to impose auto tariffs "in the neighbourhood of 25%" and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. Toyota Motor dropped 1.73% and was the biggest drag on the Topix. Honda and Nissan shed 2.26% and 1.87%, respectively. The auto index slipped 1.3%. Meanwhile, Bank of Japan board member Hajime Takata said the central bank must raise interest rates more as keeping them at current low level...

Japanese shares lift Asian stocks ahead of US data barrage

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[hfe_template id='11223'] [ad_1] Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies. Demand for safe assets lifted gold prices. [O/R] [GOL/] Japan's Nikkei rose more than 2% in early trading following a holiday on Monday, a welcome relief after last week's wild swings that began with a massive sell-off spurred by a rising yen and fears of a U.S. recession. [.T] MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher at 556.19. Chinese stocks were little changed in early trading, while Hong Kong's Hang Seng Index was also flat. "While aftershocks might reveal vulnerabilities, w...

Japanese shares bounce back after biggest sell-off since 1987 Black Monday rout

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[hfe_template id='11223'] [ad_1] Japanese stocks rebounded sharply on Tuesday, clawing back most of the double-digit losses suffered the previous day as comments from the U.S. Fed and data gave investors pause in their concerns over recession and equity valuations. The Nikkei's rally, after the market's biggest single day rout since the 1987 Black Monday sell-off, came as the yen reversed its gains, indicating the carnage in yen-funded global carry trades too was easing. In a turbulent day of trading, the Nikkei was up 8% at 33,975.53 as of 0516 GMT, after plunging 12.4% on Monday. The index was last up 2,623.1 points, having earlier jumped more than 3,000 points to surpass its largest intraday points gain on record. The broader Topix was up 7.5% at 2,394.33. Investors had been shaken by last week's plunge in global stock markets, U.S. recession risks, and worries investments funded by a cheap yen were being unwound, triggering a sell-off in Japanese equiti...