nikkei gains 075 to 7 year high on rise in manufacturers capex
Last Updated : GMT 03:09:26
Arab Today, arab today
Arab Today, arab today

Nikkei gains 0.75% to 7 year high on rise in manufacturers' capex

Arab Today, arab today

Arab Today, arab today Nikkei gains 0.75% to 7 year high on rise in manufacturers' capex

Japan's Nikkei stock index
Tokyo - XINHUA

Japan's Nikkei stock index gained 0. 75 percent Monday to a seven-year closing high as the yen's retreat against the U.S. dollar, coupled with positive data showing an uptick in capital spending among manufacturers lifted investor sentiment.
The Nikkei 225 index gained 130.25 points to close at 17,590.10, while the broader Topix index of all first-section issues added 0. 80 percent, or 11.31 points, to finish at 1,421.65.
Traders said that the market got a boost Monday and some of the fears about the economy falling into recession in the last quarter were allayed by data released Monday by the finance ministry showing that manufacturers here increased capital spending by 5.5 percent in the three months through September from a year earlier.
The reading came in ahead of median economists' forecasts for a 1.8 percent increase, with the better-than-expected figure being underpinned by additional figures from the ministry showing that corporate profits charted an increase of 7.6 percent, while sales climbed an encouraging 2.9 percent.
The data will be a boon for embattled Prime Minister Shinzo Abe who has been calling on businesses to invest more to spur growth and employment levels, as the nation is still dealing with deflationary pressure and the fallout of Abe hiking the sales tax here from 5 to 8 percent in April, which effectively pushed the nation into its fourth recession since 2008.
Takeshi Minami, a chief economist at Norinchukin Research, noted that while capital investment is moving in positive direction and at a far higher level than before Abe came into power, there are still signs of weakness. He added that Abenomics has lost some of the public's faith as they can't tangibly notice any difference as wages aren't rising as fast as prices.
Other analysts said that with the market overheating for a few days and investors duly opting to lock in gains, short-covering was seen on the first trading day of the week, with some investors buying back oversold positions, emboldened by the comparative weakness of the yen.
The U.S. dollar was changing hands at 118.84 yen, compared to 118.65 yen logged in New York on Friday afternoon, giving some issues like exporters a boost who rely on the weak yen to boost profits made overseas and their overall competitiveness.
Thus, Mazda gained 2.7 percent to 3,147 yen, while larger rival Toyota added 1.57 percent to close at 7,429 yen. Suzuki Motor also accelerated into positive territory Monday, jumping 2.8 percent to
finish the day at 3,853 yen.
Canon Inc. added 2.8 percent to 3,906 yen and Olympus rose 2.8 percent to 4,440 yen. Consumer electronics bellwether Sony, meanwhile, closed up 1.53 percent at 2,640 yen.
While air transportation issues gained ground on falling oil prices, with Japan Airlines climbing 4.2 percent to a record-high at 3,635 yen and ANA Holdings Inc. soaring 4 percent to 303 yen, oil-related issues took a pummeling.
Oil and gas exploration firm Japan Drilling Co. sank 1.8 percent to 3,830 yen and oil firm Inpex sank 3.1 percent to close at 1,219 yen.
But Pola Orbis, a cosmetics company whose mainstay products are daily use skin care items, surged 6.6 percent to 4,495 yen, after the firm announced its full-year net income forecast had increased by 10 percent to 9.7 billion yen (around 82 million U.S. dollars).
Trading volume on Monday dropped to 2.02 billion shares on the Tokyo Exchange's First Section, down from Friday's volume of 2.32 billion shares, with advancing issues outnumbering declining ones by 1,174 to 522.

 

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

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 gains 075 to 7 year high on rise in manufacturers capex nikkei gains 075 to 7 year high on rise in manufacturers capex

 



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 gains 075 to 7 year high on rise in manufacturers capex nikkei gains 075 to 7 year high on rise in manufacturers capex

 



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 PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
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 Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

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