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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average jumped to the highest in almost three months on Tuesday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs, easing concerns that their trade war could trigger a global recession. The Nikkei surged as much as 2.3% to 38,494.06 shortly after the open, a level last seen on February 21, before ending the day up 1.4% at 38,183.26. Of the index's 225 components, 145 rose, compared to 80 that fell. The broader Topix gained 1.1%. Under the truce announced on Monday, the U.S. will cut extra tariffs it imposed on Chinese imports last month to 30% from 145% for the next three months, while Chinese duties on U.S. imports will fall to 10% from 125%. Live Events But the pause did little to address the underlying schisms that led to the dispute, including the U.S. trade deficit with China. "For now, some of the uncertainty surrounding the global trade situation has been relieved,...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average edged lower on Wednesday, snapping a seven-session winning streak by the tiniest of margins, as pharmaceutical shares sank after U.S. President Donald Trump said he would reveal tariffs on drugs over the next two weeks. Automaker stocks also slumped as Japanese investors returned from a four-day weekend to an overall stronger yen, which reduces the value of overseas revenues. Sony Group, which runs a movie studio, slid following Trump's announcement of a 100% levy on foreign-made films. Tariff worries overshadowed news that U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar, He Lifeng, in Switzerland this weekend for talks that could start the process of de-escalation in their tense trade stand-off. Investors were also reluctant to take the Nikkei above Friday's five-week peak before hearing Federal Reserve Chair Jerome Powell's...

[hfe_template id='11223'] [ad_1] Asian shares surged in Thursday trading, with Japan's benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump's decision to back off on most of his tariffs. Analysts had expected the regional comeback given that US stocks had one of their best days in history Wednesday on a euphoric Wall Street, where investor hopes had run high that Trump would tone down the tariffs. On Thursday, Japan's benchmark Nikkei 225 jumped 8.2% in morning trading to 34,302.05, zooming upward as soon as trading began. Australia's S&P/ASX 200 soared 4.7% to 7,721.40. South Korea's Kospi gained 4.9% to 7,721.40. Hong Kong's Hang Seng added 2.8% to 20,821.48. The Shanghai Composite edged up 0.6% to 3,207.35. Stephen Innes, managing partner at SPI Asset Management, called the reaction "from fear to euphoria". "It's now a manageable risk, ...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average ended Wednesday with a small rise after swinging between gains and losses, as traders positioned for U.S. President Donald Trump's tariffs. The Nikkei finished up 0.28% at 35,725.87. Earlier, it had slipped 0.56% to 35,426.33, its lowest since September 11, after opening the day higher. The broader Topix also opened higher but quickly reversed direction to sink as much as 1.17%. It ended down 0.43%. The Nikkei performed relatively better as some of its most heavily-weighted stocks gained, including Uniqlo-owner Fast Retailing, up 3.74%, and chip-testing equipment maker Advantest, jumping 2.55%. Both stocks were rebounding off multi-month lows reached earlier this week. Energy shares were under particular pressure on the Tokyo bourse, after crude oil eased off of five-month highs overnight. Electric and gas stocks dropped 2.75% and miners , including oil explorers, declined 2.2%. Live Events For wee...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average marked a second week of declines on Friday as investors weighed the risk outlooks ahead of a domestic election that could see the ruling party lose its majority. The Nikkei closed 0.6% lower at 37,913.92, posting a 2.7% loss for the week. The broader Topix finished down 0.7% at 2,618.32. The markets have been on edge as recent opinion polls suggest voters could end the Liberal Democratic Party's over decade-long dominance on Sunday, forcing the ruling party into power-sharing deals that may undermine the country's leadership. "That's basically the scenario for 'sell Japan'," with investors considering various scenarios on how such an outcome could impact the fiscal and monetary policy outlook, said Naka Matsuzawa, chief macro strategist at Nomura Securities. The losses were widespread as investors adjusted positions on Friday, the last day of trading before votes are counte...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week. The broader Topix index advanced 0.97%. The Nikkei rose as much as 2.21% in morning trade, paring gains as the yen strengthened after the BOJ upgraded its assessment of consumption and highlighted the increased sensitivity of inflation to currency fluctuations. The BOJ held short-term interest rates steady at 0.25%, as was widely expected following hikes in March and July. In the policy statement, officials judged that "private consumption has been on a moderate increasing trend," a more optimistic assessment than the previous view that consumption was "resili...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose on Thursday after a seven-day slide, as Wall Street's overnight gains and a weaker yen buoyed investor sentiment. The Nikkei index closed 3.4% higher at 36,833.27 in broad-based buying. The broader Topix finished up 2.4% at 2,592.5. The yen softened after hitting its highest against the dollar this year in the previous session. "Due to the impact of the (U.S.) consumer price index report, we are seeing the yen trend weaker. This seems to be contributing to positive movements in Japanese stocks," said Hiroshi Namioka, chief strategist at T&D Asset Management. In a boost to the dollar, Wednesday's CPI report indicated some stickiness in inflation, crushing bets that the Federal Reserve would cut interest rates by 50 basis points next week. Shares of exporters, which tend to benefit from a weaker domestic currency, rebounded. Among the Tokyo Stock Exchange's 33 industry group...

[hfe_template id='11223'] [ad_1] The Reserve Bank of India (RBI) on Thursday shunned Japan's Sumitomo Mitsui Banking Corporation's (SMBC) plans to acquire a 51% stake in Yes Bank. Yes Bank's stake sale is now unlikely to happen in FY25 and may get delayed, ET Now reported, citing sources. SMBC has shown strong interest in acquiring a 51% stake in Yes Bank and the talks have stalled because of its insistence on 51% ownership, the report said SMBC was in direct negotiations with the RBI but the Indian Central Bank was unwilling to compromise on the ownership control, the report said. Shares of Yes Bank today fell nearly 2% to hit the day's low of Rs 23.38 on the NSE. As part of the Reserve Bank of India’s ‘Reconstruction Scheme 2020’, a consortium of eight banks led by government-owned lender State Bank of India (SBI) executed equity commitments in the bank. SBI initially bought shares worth Rs 6,050 crore for a 48% stake in Yes Bank at a consideration of R...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell for a seventh straight session amid widespread losses on Wednesday, as the yen's rally to its strongest against the dollar this year weighed. The Nikkei closed down 1.5% at 35,619.77, after slumping over 2% to brush near Monday's one-month intraday low of 35,247.87. The broader Topix fell 1.8% to end the session at 2,530.67. The dollar dropped as much as 1.24% to 140.71 yen, a level not seen since Dec. 28, before trading at 141.16 yen as of 0547 GMT, following the U.S. presidential debate and remarks by Bank of Japan board member Junko Nakagawa. A stronger yen tends to hurt exporter shares as it decreases the value of overseas profits in yen terms when firms repatriate them to Japan. Shares of exporters slid, with the underperformance of automakers standing out. Toyota Motor stumbled 3.1%, while Subaru Corp declined over 4% and Honda Motor slid 3%. Losses broadened in afternoon trade, with ...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell in choppy trade on Thursday, weighed down by a stronger yen and losses in semiconductor-related stocks, while investors await U.S. non-farm payroll data to gauge the strength of the world's largest economy. The Nikkei closed at its lowest level since Aug. 14, dropping 1% to 36,657.09, its third consecutive session of losses. The broader Topix erased early gains to end 0.5% lower at 2,620.76. The yen touched a one-month high of 143.20 earlier in the session, and has strengthened 1.8% so far this week. A stronger local currency tends to hurt exporter shares as it decreases the value of overseas profits in yen terms when firms repatriate them to Japan. "The labour data out so far this week has not really cooled concerns about the U.S. economy, and there is a slight tilt towards expecting the Fed's first rate cut to be of a larger magnitude," making the dollar/yen prone to more slides,...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell more than 4% on Wednesday, as chip-related stocks followed AI darling Nvidia lower and soft U.S. manufacturing data reignited fears of a hard landing for the economy. The Nikkei closed 4.24% lower at 37,047.61, marking its lowest close since Aug. 15 and biggest decline since Aug. 5. The broader Topix fell 3.65% to 2,633.49. "Today's decline was a reaction to the sharp recovery from the big losses in mid-August," said Tomochika Kitaoka, chief equity strategist at Nomura Securities. "The market has turned cautious about the state of the U.S. economy and will remain cautious until the non-farm payrolls data due on Friday." The Nikkei fell more than 12% to 31,458.42 on Aug. 5 in its biggest decline since Black Monday amid U.S. recession fears and a sharply stronger yen. On Wednesday, a stronger yen also weighed on local equities, many of which are exporters. "What is differe...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average declined on Monday after two straight sessions of gains, as exporters' stocks, including chip-related and auto firms, were pressured by a stronger yen. The Nikkei fell 0.66% to close at 38,110.22, although recovering from a decline of 1.4% earlier in the session. "In addition to the yen's strength, there are some factors that make investors hesitant to make positive bets. In a very short term, that's Nvidia's outlook this week," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. Nvidia's blistering run has powered equity markets throughout 2024, and its earnings and forecast later this week could be a key inflection point for market sentiment heading into what is historically a volatile time of the year. The yen rose to a three-week high against the dollar, as U.S. Federal Reserve Chair Jerome Powell's dovish shift contrasted sharply with Ban...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike. Market participants are also looking forward to U.S. Federal Reserve Chair Jerome Powell's keynote speech at the annual Jackson Hole symposium later in the day. The Nikkei rose 0.2% to 38,288.79 by 0008 GMT, while the broader Topix climbed 0.32%. Pharma was among the top gainers among the Tokyo Stock Exchange's 33 industry groups, with a 1% rise. It climbed 1.56% on Thursday. Sumitomo Pharma gained 2%, while Chugai Pharmaceuticals jumped 2.9%. Electronics m...

[hfe_template id='11223'] [ad_1] What started as a nasty drop in Japanese stocks on Thursday turned into a full-blown rout on Friday as the Topix index posted its biggest two-day decline since the 2011 tsunami. It’s a stark turnaround from the record high set in July, when Japanese equities were being celebrated as one of the world’s best-performing markets. The Topix sank 6.1% Friday, completing a two-day drop of 9.2% in the wake of Bank of Japan’s earlier-than-expected rate hike Wednesday and Governor Kazuo Ueda’s hawkish messaging. The Topix joined the Nikkei 225 Stock Average in entering a technical correction. “I didn’t expect stocks to fall this much — it’s a disaster,” said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Asset Management Co. in Tokyo. “This might be temporary, but Japanese stocks are in their worst situation.” The sharp reversal in Japanese stocks in recent weeks comes as the yen’s rally to a four-month high against the dollar hammers expor...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5. Japan's markets were closed on Monday for a public holiday. U.S. stocks ended higher on Monday as bets of a second Trump presidency raised hopes of a looser regulatory environment. "If Trump were to aggressively implement measures like tax cuts, the stock market is likely to rally," Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, said, adding that these expectations prompted buying among Japan's high tech and other shares on Tuesday. Shares of defence-related Mitsubishi Heavy Industries and Kawasaki Heavy Industries jumped 5% and 6.2%, respectively, to becom...

[hfe_template id='11223'] [ad_1] Stocks in Asia were muted in early Tuesday trading, following gains on Wall Street fueled by optimism surrounding a second Donald Trump term as the former US president chose his running mate. Equity benchmarks rose in Japan and Korea, while those in Australia were steady. Futures for Hong Kong stocks pointed to a decline. US futures edged higher in early Tuesday trading after benchmarks there climbed and traders priced a greater chance of a Trump win after he survived an assassination attempt. Caution in Asia comes amid signs of emerging market volatility in anticipation that Trump’s tariff threats will be implemented. A gauge of such currencies snapped eight straight days of gains on Monday, with those in South Africa and Mexico — both seen as bellwethers of risk appetite — leading the losses. The dollar was little changed. Within the regions, investors have been allocating based on which countries will be seen as friends or foes, given ...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average surged to another record high during morning trade on Thursday, as a rally in U.S. stocks overnight boosted investor sentiment. The Nikkei was up 0.83% to 42,179.84 by the midday break, after jumping over 1% to an all-time intraday high of 42,426.77 points. It was the first time the benchmark index has crossed the 42,000-point mark. The broader Topix was up 0.66% at 2,928.30. Strong performances in all three of Wall Street's main stock indexes on Wednesday kicked off the rally. The Nasdaq and S&P 500 finished at record high closes as U.S. chip maker Nvidia and other heavyweights gained ahead of inflation data and quarterly earnings reports. Japan's semiconductor-related shares marched higher with their U.S. peers, which got a boost from strong quarterly revenue results from contract manufacturer Taiwan Semiconductor Manufacturing Co. Gains were widespread, with 178 of the Nikkei's 225 con...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average dropped below the psychologically key 38,000 level for the first time this month on Monday, as a risk-off mood prevailed amid concerns about economic growth both at home and abroad. Toyota Motor slid 2.6% amid continued fallout from a certification scandal, with car-related shares among the worst performing sectors. The Nikkei ended the day down 1.8% at 38,102.44, after earlier falling as much as 2.2% to 37,956.49 for the first time since May 30. Of the index's 225 components, 199 fell, while 25 rose and one was flat. The broader Topix skidded 1.7%. Almost all of the Tokyo Stock Exchange's 33 industry groups declined, led by a 3.5% slump for real estate. Only pharma managed a slight gain. "Basically, the Nikkei has been tracking pretty much sideways for a long time, and now it's being shaken a little by some worries about the economy," in Japan, the United States and Europe, said Ka...

[hfe_template id='11223'] [ad_1] Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.48% lower. Chinese stocks also fell, with the blue chip shares down 0.3%, while Hong Kong's Hang Seng was 0.79% lower. Japan's Nikkei declined 0.25%, while the yen was slightly weaker at 157.185 per dollar in early trading ahead of the BOJ meeting where the central bank is likely to keep interest rates ultra-low. But the focus will be on whether the BOJ will take steps to trim its bond purchases or drop clues on its future tapering plans and start r...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average edged up on Monday as export-related stocks rose on a weaker yen following stronger-than-expected U.S. jobs data, while a rise in domestic yields boosted financial stocks. The Nikkei was up 0.49% at 38,872.19 by the midday break, while the broader Topix rose 0.7% to 2,774.37. The upside surprise in U.S. job growth prompted worries that the Federal Reserve may wait longer to cut interest rates than many investors had hoped. This had the yen brushing the 157 range against the U.S. dollar again, buoying export-related stocks such as Toyota Motor , up 1.7%, which benefit from a weaker currency. Meanwhile, the insurance and banking sectors rallied as Japanese government bond yields tracked U.S. Treasury yields higher, which rose after the jobs data. Of the Nikkei's 225 constituents, 170 advanced, rising modestly to push the index near 39,000 points ahead of monetary policy decisions this week by the Fed a...