Japanese Market Up Marginally
News and Comments from Japanese TV Channel: Comments,
(RTTNews.com) - The Japanese stock market opened lower on Wednesday following a weak lead from Wall Street and on the yen's surge against the euro. A few weak earnings forecasts too contributed to the market's weak start.
However, with investors indulging in some buying at lower levels, the market regained some lost ground and is currently trading marginally up in positive territory.
The benchmark Nikkei 225 index, which declined to 8,780 in early trades but rose to 8,826 subsequently, is currently trading at 8,802, up 2.2 points over its previous close.
Sumitomo Heavy Industries, the most prominent loser among Nikkei stocks, is down more than 9.5 percent. Ricoh is down by over 6 percent on weak earnings outlook. Toto, Shinsei Bank, Hitachi, Fujitsu, Sharp Corp, Casio Computer, Advantest Corp and Nissan Chemical Industries are trading lower by 2 to 4.5 percent.
JFE Holdings, Sony Corp, Tokyo Electric Power, Olympus Corp, Pacific Metals, Marui Group, Japan Steel Work and Fast Retailing are among the other notable losers.
All Nippon Airways is gaining nearly 4.5 percent. Mitsui OSK Lines, Konica Minolta, NTT Data Corp, Mitsubishi Paper, Chiyoda, Denso Corp, Mitsubishi Motor, Mitsubishi UFJ Financial, Nippon Yusen and Kawasaki Kisen are up 2 to 3 percent.
Sumitomo Realty, Dai-ichi Life, Yokohama Rubber, Mazda Motor, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Estate, Hino Motors, Aozora Bank, Oki Electric and Kansai Electric Power are also up with strong gains.
In the currency market, the U.S. dollar traded in the lower 76 yen range in early deals in Tokyo. The yen is currently trading at 76.18 to the dollar. The yen strengthened to 99 against the euro.
Among other markets in the Asia-Pacific region, Australia, New Zealand and Singapore are down marginally, while Shanghai, South Korea and Taiwan are trading in positive territory. The Hong Kong market is trading flat. Markets across the region moved mostly higher on Tuesday.
On Wall Street, stocks turned in a lackluster performance on Tuesday despite showing some early strength. The choppy trading came as investors weighed optimism about the financial situation in Europe against a disappointing batch of U.S. economic data.
The major averages ended the session mixed, although they were all nearly unchanged on the day. While the tech-heavy Nasdaq inched up 1.9 points or 0.1 percent to 2,813.8, the Dow ended down 20.8 points 0.2 percent at 12,632.9 and the S&P 500 edged down 0.6 points or 0.1 percent to 1,312.4.
Major European markets surged higher on Tuesday. While the French CAC 40 index advanced by 1 percent, the U.K.'s FTSE 100 index and the German DAX index both inched up by 0.2 percent.
U.S. crude oil futures ended lower on Tuesday on some weak U.S. economic data and a strengthening dollar. Prices were also impacted by concerns about talks between Greece and its private creditors, despite Greek Prime Minister Lucas Papademos' indication of 'significant progress' in the negotiations.
Crude oil for March delivery dipped $0.30 or 0.3 percent to settle at $98.48 a barrel on the New York Mercantile Exchange after touching a high of $101.29 during the session.
(RTTNews.com) - The Japanese stock market opened lower on Wednesday following a weak lead from Wall Street and on the yen's surge against the euro. A few weak earnings forecasts too contributed to the market's weak start.
However, with investors indulging in some buying at lower levels, the market regained some lost ground and is currently trading marginally up in positive territory.
The benchmark Nikkei 225 index, which declined to 8,780 in early trades but rose to 8,826 subsequently, is currently trading at 8,802, up 2.2 points over its previous close.
Sumitomo Heavy Industries, the most prominent loser among Nikkei stocks, is down more than 9.5 percent. Ricoh is down by over 6 percent on weak earnings outlook. Toto, Shinsei Bank, Hitachi, Fujitsu, Sharp Corp, Casio Computer, Advantest Corp and Nissan Chemical Industries are trading lower by 2 to 4.5 percent.
JFE Holdings, Sony Corp, Tokyo Electric Power, Olympus Corp, Pacific Metals, Marui Group, Japan Steel Work and Fast Retailing are among the other notable losers.
All Nippon Airways is gaining nearly 4.5 percent. Mitsui OSK Lines, Konica Minolta, NTT Data Corp, Mitsubishi Paper, Chiyoda, Denso Corp, Mitsubishi Motor, Mitsubishi UFJ Financial, Nippon Yusen and Kawasaki Kisen are up 2 to 3 percent.
Sumitomo Realty, Dai-ichi Life, Yokohama Rubber, Mazda Motor, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Estate, Hino Motors, Aozora Bank, Oki Electric and Kansai Electric Power are also up with strong gains.
In the currency market, the U.S. dollar traded in the lower 76 yen range in early deals in Tokyo. The yen is currently trading at 76.18 to the dollar. The yen strengthened to 99 against the euro.
Among other markets in the Asia-Pacific region, Australia, New Zealand and Singapore are down marginally, while Shanghai, South Korea and Taiwan are trading in positive territory. The Hong Kong market is trading flat. Markets across the region moved mostly higher on Tuesday.
On Wall Street, stocks turned in a lackluster performance on Tuesday despite showing some early strength. The choppy trading came as investors weighed optimism about the financial situation in Europe against a disappointing batch of U.S. economic data.
The major averages ended the session mixed, although they were all nearly unchanged on the day. While the tech-heavy Nasdaq inched up 1.9 points or 0.1 percent to 2,813.8, the Dow ended down 20.8 points 0.2 percent at 12,632.9 and the S&P 500 edged down 0.6 points or 0.1 percent to 1,312.4.
Major European markets surged higher on Tuesday. While the French CAC 40 index advanced by 1 percent, the U.K.'s FTSE 100 index and the German DAX index both inched up by 0.2 percent.
U.S. crude oil futures ended lower on Tuesday on some weak U.S. economic data and a strengthening dollar. Prices were also impacted by concerns about talks between Greece and its private creditors, despite Greek Prime Minister Lucas Papademos' indication of 'significant progress' in the negotiations.
Crude oil for March delivery dipped $0.30 or 0.3 percent to settle at $98.48 a barrel on the New York Mercantile Exchange after touching a high of $101.29 during the session.
Subscribe to:
Post Comments (Atom)
