Arab Today, arab today nikkei climbs 146 on upbeat factory output data rising asian shares
Last Updated : GMT 03:52:17
Arab Today, arab today
Arab Today, arab today

Nikkei climbs 1.46% on upbeat factory output data, rising Asian shares

Arab Today, arab today

Arab Today, arab today Nikkei climbs 1.46% on upbeat factory output data, rising Asian shares

Nikkei climbs
Tokyo - XINHUA

The Nikkei stock index recouped losses Wednesday, gaining 1.46 percent as robust industrial production data lifted the market mood, which was further supported in later trade by solid performances on other Asian bourses.

The Nikkei 225 index added 224.00 points to close at 15,553.91, while the broader Topix index of all first-section issues gained 1. 49 percent, or 18.64 points, to finish at 1,270.64.
Local traders said that data released just before the opening bell here helped motivate buying.
Japan's September industrial production posted its biggest rise in eight months, rising 2.7 percent on-month, compared to 1.9 percent retreat logged a month earlier, the Ministry of Economy, Trade and Industry (METI) said.
The rise in factory output was bigger than median market analysts' predictions of a 2.2 percent rise for the month and marks the biggest rise since the beginning of this year.
But data released showed that on a quarterly basis industrial output slumped 1.9 percent in the July-September period, following a 3.8 percent drop in the April-June period.
"Industrial production fluctuates indecisively," METI said in its monthly report, an upgraded assessment on the previous month's view that production "has weakened."
Investors were also encouraged by some positive reports by Japan Inc. as earnings season swings into top gear this week. Some analysts also pointed out that the yen's recent retreat had been of befit to corporations' bottom lines.
"Investors are expecting earnings to improve with the yen falling further. The U.S. economy is getting better and earnings are mostly good, and Japanese stocks remain relatively cheap," Hiroichi Nishi, an equities manager at SMBC Nikko Securities Inc., said.
Despite investors' focus shifting to the outcome of the U.S. Federal Reserve's meeting on Friday, at which the Fed is widely expected to announce it will continue to taper its stimulus program, some investors are keenly awaiting clues as to any shift in its future interest rate policy. But market sentiment remained positive, aided by other Asian stock markets' continued march into positive territory.
With the dollar changing hands at 108.13 yen in Tokyo in afternoon trade, from 107.86 yen in Tokyo logged on Tuesday, exporters were given a boost as they rely on a weaker yen to augment overseas profits.
Among automaker issues, Toyota accelerated 1.45 percent to 6, 262 yen, but smaller rival Honda reversed 0.07 percent to close at 3,303 yen, following the firm cutting its full-year earnings forecast, after a number of high-profile international recalls.
Consumer electronics giant Sony leapt 5.42 percent to 2,001 yen, following media reports suggesting the firm will, despite its slumping smartphone business, leave unchanged its annual profit and earnings forecasts.
Kyoto-based electronics maker Omron jumped 7.6 percent to 4,905 yen, after it raised its full-year net income goal by 23 percent to more than 60 billion yen. Omron also announced a massive share buyback plan.
Nomura, Japan's biggest brokerage, climbed 4.4 percent to 636 yen, after reporting its net income in Q2 has jumped 39 percent to 52.9 billion yen. Nomura said it now plans to buy back up to 40 million shares, or the equivalent of 1 percent of its outstanding stock, between Nov. 13 and Jan. 16.
Koito Manufacturing also closed up, leaping 8.5 percent to 3, 125 yen, after raising its full-year net-income forecast 22 percent to 35 billion yen and Hitachi Construction Machinery advanced 3.9 percent to 2,152 yen, after its Q1 operating profit came in at 25.4 billion yen, beating estimates for 22.4 billion yen.
Online shopping behemoth Rakuten gained 2.66 percent to close at 1,193 yen, after the e-commerce giant said it plans to start a mobile phone service.
But Takata crashed down 5.63 percent to 1,440 yen, as their faulty airbags forced the recall of millions of vehicles, with the firm possibly being held accountable in a number of fatalities related to the defective airbags. A U.S. consumer lawsuit has been filed against the firm.
Trading volume on Wednesday rose to 2.18 billion shares on the Tokyo Exchange's First Section, up from Tuesday's volume of 1.87 billion shares, with advancing issues outnumbering declining ones by 1,546 to 225.

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 nikkei climbs 146 on upbeat factory output data rising asian shares Arab Today, arab today nikkei climbs 146 on upbeat factory output data rising asian shares

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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