Arab Today, arab today japanese electronics giants surge as yen hits 7year low
Last Updated : GMT 10:57:21
Arab Today, arab today
Arab Today, arab today

Japanese electronics giants surge as yen hits 7-year low

Arab Today, arab today

Arab Today, arab today Japanese electronics giants surge as yen hits 7-year low

Japanese electronics giants
Tokyo - AFP

 Shares in some of Japan's biggest electronics firms surged Tuesday as the yen hit a seven-year low in response to the surprise decision last week by country's central bank to ramp up its stimulus programme.
The Bank of Japan's announcement Friday to widen its asset-purchase scheme sent the yen tumbling to 114 against the dollar by Monday lunchtime, while the Nikkei soared, with exporters the main winners.
On Tuesday, Sony jumped 11.05 percent to end at 2,301.0 yen, Panasonic soared 5.97 percent to 1,383.0 yen, camera maker Olympus was up 5.36 percent at 4,125.0 yen, while Sharp's gains were more modest, rising 2.55 percent to 281 yen.
The Nikkei closed 2.73 percent higher, its best finish since late 2007.
In forex trade, the yen was at 113.33 yen, down from 113.99 yen in New York Monday but still up from 112.72 yen late Monday in Asian trade.
A weak yen is good for major Japanese exporters as it makes them more competitive abroad and inflates their repatriated profits.
"The BoJ endorsed a weak yen in a sense," said Hirokazu Kabeya, senior strategist at Daiwa Securities.
He added that it was "natural" for Sony and its rivals to jump in line with the yen's movements.
"They're rising along with the overall market," he added.
The Nikkei, which began Friday trade below its 2013 close, soared over the past couple of sessions thanks to the BoJ easing, which will see huge amounts of yen pumped into markets.
The rise for Sony stood out as it came despite the firm reporting after trade Friday a whopping $1.0 billion six-month loss. However, it did revise up its full-year sales guidance.
Sharp and Panasonic both said they were in the black in the April-September period.

 

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*

Arab Today, arab today japanese electronics giants surge as yen hits 7year low Arab Today, arab today japanese electronics giants surge as yen hits 7year low

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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