nikkei adds 101 on yens retreat hopes for us
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Nikkei adds 1.01% on yen's retreat, hopes for US

Arab Today, arab today

Arab Today, arab today Nikkei adds 1.01% on yen's retreat, hopes for US

The Nikkei stock index
Tokyo - XINHUA

 The Nikkei stock index gained 1.01 percent Friday as investor sentiment was lifted by a weaker Japanese yen in currency markets and high hopes for both domestic and U.S. corporate earnings.
The Nikkei 225 index gained 152.68 points to end the week at 15, 291.64, while the broader Topix index of all first-section issues added 0.81 percent, or 9.98 points, to close at 1,242.32.
Brokers heres said that the dollar's rise on strong corporate earnings helped lift Wall Street higher overnight and ensure the market here get off to a good start in the morning session.
Traders said that hopes were high for further positive earnings reports from U.S. companies, which often give their Japanese counterparts or the relevant industry here a boost.
Also helping to underpin the market, analysts said, were receding fears about the health of the global economy, which gave investors the confidence to chase riskier assets, although a New York doctor who tested positive for the Ebola virus, having recently returned from Guinea in West Africa, bringing the total of Ebola cases in the U.S. to four, dampened the market mood in later trade, they said.
"Strong U.S. earnings are a signal of a strong economy, which means Japan's economy and earnings will be good," said Koichi Kurose, chief market strategist at Resona Bank Ltd.
"America's economy is big, so if the spread of Ebola leads to a withering of the economy there, then the global economy will also wither," Kurose added.
On the health of the global economy, data coming in above median market expectations showing that manufacturing in the eurozone unexpectedly increased in October as was the case in China, with both manufacturing purchasing managers' indexes for October released Thursday, created relief among market players here, despite concerns over the Ebola virus.
"Concerns for the global economy are easing following the macro and micro news from the U.S. and Europe. While there are positive and negative Japanese earnings, there's still room for them to be revised upwards, just because of the weaker yen," said Juichi Wako, an equity strategist at Nomura Holdings Inc.
In currency market the U.S. dollar was changing hands at 107.98 yen in later trade, compared to 108.27 logged in New York, but firmly above the 107.24 level logged in Tokyo in early trade yesterday.
Export-oriented issues performed well thanks to the boost from the weaker yen, and top automaker Toyota gained 1.8 percent to close at 6,151 yen, while data storage and electronic component maker TDK advanced 1.7 percent to finish at 5,840 yen.
Takata, a parts maker for automobiles, dropped a further 2.78 percent to 1,538 yen, following news that U.S. justice officials are investigating the firm over its faulty airbags, which may have killed several people.
Honda Motor skidded down 1.3 percent to 3,322 yen, following the automaker issuing a recall of 425,825 vehicles due to a faulty engine part.
But Hitachi marked a bright spot on the market, rising 3.5 percent to 803 yen, following the company upwardly revising its earnings estimate for the April-September first half.
Fujifilm Holdings remained in the spotlight on the last trading day of the week, gaining 2.5 percent to 3,587 yen, on increasing expectations for the firm's anti-influenza drug Avigan, the results of which were tested by group company Toyama Chemical Co. and have had positive results in Europe.
But the latest reports on the migration of the Ebola virus sent air transportation issues lower, with Japan Airlines falling 0.6 percent to 2,878 yen, while ANA Holdings lost 0.3 percent to end at 244 yen.
Heavy machinery makers performed well, thanks to a relevant index posting robust gains and construction machinery maker Komatsu gained 1.5 percent to 2,428 yen, while industrial robotics maker Fanuc Corp. added 1 percent to 18,715 yen.
Hitachi Construction Machinery Co., for its part, jumped 2 percent to close the week at 2,015 yen.
Trading volume on Friday declined to 1.92 billion shares on the Tokyo Exchange's First Section, down from Thursday's volume of 2. 01 billion shares, with advancing issues beating declining ones by 1,149 to 552.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nikkei adds 101 on yens retreat hopes for us nikkei adds 101 on yens retreat hopes for us

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nikkei adds 101 on yens retreat hopes for us nikkei adds 101 on yens retreat hopes for us

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday