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…
READ MOREThe 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…
READ MOREJapan’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…
READ MOREJapan’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…
READ MOREJapan’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…
READ MOREJapan’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…
READ MOREJapan’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,…
READ MOREWhat 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. Itβs a stark turnaround from the record high set in July, when Japanese equities were being celebrated as one of the worldβs best-performing markets….
READ MOREJapan’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…
READ MOREStocks 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…
READ MORE