Thursday, March 4

Tag: Nikkei 225

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Japanese shares hit multi-month highs on Nasdaq rebound

TOKYO: Japan's Topix Index jumped the most in seven months, as a pause in selloffs in U.S. treasuries boosted the tech-heavy Nasdaq index and lifted domestic shares of chipmakers. The benchmark index jumped 2.04% to 1,894.94, the largest gain since Aug. 11, while the the Nikkei share average advanced 2.41% to 29,663.50, the biggest gain since Dec. 29, 2020. Shares on Monday bounced back following their worst drop in almost a year last week after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation. "The Nikkei will reclaim the 30,000 level sooner or later, depending on how the U.S. bond yields will perform," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. "In the first place, the yields rose on expe...
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Asian equities rally, battered bond market tries to steady

SYDNEY: Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week's wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy and sent oil prices higher. China's official manufacturing PMI out over the weekend missed forecasts, but Japanese figures showed the fastest growth in two years. Investors are also counting on upbeat news from a raft of U.S. data due this week including the February payrolls report. Helping sentiment was news deliveries of the newly approved Johnson & Johnson COVID-19 vaccine should start on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.8%, after shedding 3.7% last Friday. Japan's Nikkei rallied 2.1%, while Chinese blue chips added 0.5%. N...
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Asian stock markets open lower on inflation fears

MIAMI: Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in U.S. and European overnight trading. The Dow and S&P 500 recouped early losses after Federal Reserve Chair Jerome Powell reiterated in testimony before the Senate Banking Committee that monetary policy would remain accommodative and would not change without advance warning. The tech-heavy Nasdaq index closed down 0.5% as investors sold the big tech stocks that have driven the market rally since last March, and rotated into cyclicals, helping lift the Dow and S&P 500. But Powell's testimony hasn't fully swept away fears of rising inflation as the economies around the world are expected to rebound this year more strongly than was expected ...
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Tokyo stocks open higher on Wall Street rally

TOKYO: Tokyo stocks opened higher on Thursday as market sentiment improved following another record close on Wall Street. The benchmark Nikkei 225 index rose 0.15 percent, or 46.37 points, to 30,338.56, while the broader Topix index was marginally higher, inching up 0.38 points to 1,961.87. "Japanese shares are seen rebounding after the Dow in New York hit a third straight record," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary. The fetched 105.77 yen in early trade, against 105.86 yen in New York. Honda dipped 0.68 percent to 3,067 yen after reports said the automaker is planning to announce that Toshihiro Mibe, currently head of research and development, will be promoted to chief executive, while Takahiro Hachigo will step down as CEO. A Honda spoke...
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Tokyo stocks open lower on profit-taking

TOKYO: Tokyo stocks opened lower Wednesday on profit taking following a mixed close on Wall Street, with investors cautious about over-valuation of stocks after recent rallies. The benchmark Nikkei 225 index was down 0.52 percent or 158.70 points at 30,309.05 in early trade, while the broader Topix index slipped 0.10 percent or 1.88 points to 1,963.20. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStorage.setItem('_tiluuid', _tiluuid); } } w...
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Asian stocks make cautious gains after patchy Wall Street rally

NEW YORK: Asian stocks inched higher on Wednesday, as upbeat Wall Street earnings and optimism about a global recovery supported sentiment, although concerns about the sustainability of a recent risk rally are likely to cap gains. The Australian S&P/ASX 200 Index was last up 0.5% and e-mini futures for the S&P 500 rose 0.14%. Japan's Nikkei 225 slipped 0.31%. Bitcoin, which gained 19.5% on Monday, was down 0.1% at $46,354 as Asian trading got underway. The cryptocurrency was headed toward $50,000 on Tuesday, but paused at $48,216. The early action came as shares of Lyft Inc rose as much as 11% while Twitter Inc climbed 2% in aftermarket trading on their latest quarterly results. The earnings follow a slowdown in the global market rally on Tuesday as investors reconsidered how mu...
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Tokyo stocks open higher on hopes for vaccines, stimulus

TOKYO: Tokyo stocks opened higher on Tuesday, tracking Wall Street gains on hopes for additional stimulus and as Japan prepared to start its coronavirus vaccination campaign. The benchmark Nikkei 225 index was up 0.17 percent, or 50.72 points, at 29,439.22 in early trade, while the broader Topix index gained 0.14 percent, or 2.73 points, to 1,926.68. "Japanese shares are seen supported by US gains," Okasan Online Securities chief strategist Yoshihiro Ito said. Japan hopes to begin vaccinating selected healthcare workers against Covid-19 next week. This is supporting the market along with hopes for further US economic stimulus and the positive effect of Japan's own virus rescue package, analysts said. SoftBank Group was down 0.32 percent at 1,414 yen on profit-taking after it said net pr...
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Asian shares near all-time peak, oil heads to $60/barrel on economic revival hopes

SYDNEY: Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2% at 717.2, not far from last week's record high of 730.6. Japan's Nikkei climbed 0.3% while Australian shares advanced 0.5% led by technology and mining shares. E-mini futures for the S&P 500 rose 0.3% in early Asian trading. Hopes of a quicker economic revival and supply curbs by producer group OPEC and its allies pushed oil to its highest level in a year as it edged near $60 a barrel. Global equity markets have scaled record highs in recent days on hopes ...
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Asian equity markets firmer as retail frenzy unsettles outlook

Asian markets looked set for a modestly firmer start on Tuesday as global markets faced another chaotic week, with retail investors expanding their duel with Wall Street into commodities and driving up the price of silver. In early Asian trade, Australia's S&P/ASX 200 benchmark was up 0.81% and South Korea's KOSPI up 0.79%, adding to a rally in the previous session. Japan's Nikkei futures rose 0.6% and Hong Kong's Hang Seng index futures eased 0.1%. E-mini futures for the S&P 500 inched 0.07% higher in early trading. Institutional investors are still digesting the retail trading frenzy that has boosted GameStop Corp and other so called meme stocks in recent sessions against their financial fundamentals. On Monday, amateur investors who have been organizing on social media sites ...
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Asian equity markets unsettled by Wall Street swoon, short seller squeeze

SYDNEY/NEW YORK: Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%, with valuations looking stretched given the index had risen more than 6% just this month. Japan's Nikkei fell 1.3%, its sharpest drop since October, and Chinese blue chips 1.5%. South Korea eased 0.9% led by losses in Samsung after it reported earnings. Even the tech darlings were not immune with Facebook down despite reporting earnings well above expectations. Apple Inc also handily beat forecasts, yet its shares lost 3% after the bell. There was a hint of resilience in Asia as U.S. stock futu...