Arab Today, arab today nikkei gains 093 on weak yen exporters advance
Last Updated : GMT 07:53:25
Arab Today, arab today
Arab Today, arab today

Nikkei gains 0.93% on weak yen, exporters advance

Arab Today, arab today

Arab Today, arab today Nikkei gains 0.93% on weak yen, exporters advance

The Nikkei stock
Tokyo - XINHUA

The Nikkei stock index gained 0.93 percent Wednesday as buying was propelled by a stronger U.S. dollar giving some exporter shares a lift, although trade remained thin ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting.
The benchmark Nikkei 225 index gained 139.83 points to finish at 15,115.80, while the Topix index of all first-section issues ended up 10.95 points, or 0.88 percent higher, to close at 1,249. 15.
Traders here said that the U.S. dollar had gained ground on hopes the outcome of the Federal Open Market Committee (FOMC) meeting will reveal positive cues about the health of the U.S. economy, and the yen, separately, was further weakened by Japan's ongoing trade deficit.
A government report released just before the markets opened showed that exports dropped in May for the first time in 15 months, owing to slumping demand from U.S. and Asian markets, dropping 2.7 percent as imports retreated 3.6 percent.
The Finance Ministry here said Japan's trade deficit narrowed to 909 billion yen (around 8.9 billion U.S. dollars) from a year earlier, with local analysts stating the news was a negative for the market today, and from a broader perspective pointed to a lack of competitiveness of Japanese products overseas.
But the yen's weakness is always a boon for exporters, despite the poor trade data, as overseas profits are boosted when repatriated, but analysts noted that some investors hit the sidelines ahead of news from the Fed, in a wait-and-see mood.
"The yen has moved in a positive direction for Japanese stocks. But we may be surprised by the Fed's decision, so it's hard to take much action before that," said Kenichi Hirano, an analyst at Tachibana Securities Co.
Market players said they were wary, however, that if the outcome of the Fed's two-day meeting was circumspect about its monetary policy going forward, then U.S. shares would likely fall and Japanese issues would duly mirror them.
Median analysts here predict that the Fed will reduce the pace of its monthly asset purchases by 10 billion U.S. dollars to 35 billion U.S. dollars, with hopes high for a departure from zero interest rates, which will send the yen lower and make Japanese issues more attractive.
With the U.S. dollar fetching 102.27 yen in Tokyo currency markets, compared with 102.13 yen logged late in New York, export- related issues advanced with Toyota, the world's largest carmaker, accelerating 1.06 percent to 5,884 yen.
Camera maker Canon added 0.32 percent to 3,402 yen and consumer electronics maker Panasonic also closed in positive territory, jumping 3.4 percent to close the day at 1,232 yen.
Heavily weighted mobile phone and service provider SoftBank gained 1.69 percent to close at 7,610 yen, but optics and imaging firm Nikon weighed on the market, slumping 2.6 percent to 1,616 yen, following JPMorgan reduced its rating on the stock from " neutral" to "underweight," on concerns of the firm's current and future prospects relating to the medical side of its business and its plans to boost sales in that area.
Trading volume on Wednesday rose to 1.87 billion shares on the Tokyo Exchange's First Section, up from Tuesday's volume of 1.67 billion shares, with advancing issues outpacing declining ones by 1,273 to 410.

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 gains 093 on weak yen exporters advance Arab Today, arab today nikkei gains 093 on weak yen exporters advance

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in 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 Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

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

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%
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 Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
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 Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

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 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

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