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Nikkei Opens Higher On Wall St Gains
TOKYO (NQN)--Tokyo stocks opened higher Wednesday following overnight gains on Wall Street, with the Nikkei Stock Average climbing 99 points to start the day at 14,411.
With blue chips such as Toyota Motor Corp. and Honda Motor Co. trading higher, the benchmark index later widened its gains, climbing more than 120 points to 14,435.
Investors are buying futures in response to a rise in the September contract for Nikkei Stock Average futures on the Chicago Mercantile Exchange overnight, prompting arbitrage buying of cash stocks.
| 14,505.16 | ||
| +193.49 (+1.35%) | ||
| Open | 14,411.55 | (09:00) |
|---|---|---|
| High | 14,515.18 | (09:38) |
| Low | 14,396.41 | (09:01) |
Asia stocks mostly lower ahead of Fed meeting
Asian markets were mostly lower Tuesday ahead of the U.S. Federal Reserve?s policy meeting, with Japan weighed down by a stronger yen.
Some of the largest moves were in China, where the Shanghai Composite lost 0.9% on the mainland, while Hong Kong?s Hang Seng Index dropped 0.3%.
Tokyo started the day higher after coming back online after a Monday public holiday, only to lose its early gains as the session progressed. The Nikkei was last down 0.3%, as it was weighed by a stronger yen.
Although the yen weakened on Tuesday, it remained higher than at the end of last week. The dollar was at ¥99.21 compared with ¥99.05 late Monday in New York but still lower than ¥99.37 at the end of Friday.
| 14,311.67 | ||
| -93.00 (-0.65%) | ||
| Open | 14,456.99 | (09:00) |
|---|---|---|
| High | 14,474.53 | (09:45) |
| Low | 14,311.67 | (15:28) |
Nikkei Edges Higher Ahead Of FOMC Meeting
TOKYO (NQN)--Tokyo stocks are trading slightly higher Tuesday morning, with the Nikkei Stock Average climbing about 30 points to move in the lower-14,400 range.Investors are buying cyclical stocks -- including marine shippers and steelmakers -- as hopes brighten for the global economy.
The U.S. and Russia agreed to place Syria's chemical weapons under international supervision and eventually destroy them. Investor sentiment is improving now that military intervention in Syria appears unlikely. In addition to a recovery in the Japanese economy, economic uptrends seen in Europe and China are also supporting the stock market.
Upward momentum appears limited, however. After former U.S. Treasury Secretary Lawrence Summers withdrew his name from consideration for the post of Federal Reserve Board chairman, speculation is growing that the U.S. will extend its quantitative easing, weakening the dollar against the yen. The stronger yen is prompting selling of exporters. A senior market analyst at Monex Inc. said it is unlikely investors will aggressively chase stock prices higher before the Fed releases results of the two-day meeting of the Federal Open Market Committee, which will kick off Tuesday in the U.S.
| 14,417.68 | ||
| +13.01 (+0.09%) | ||
| Open | 14,456.99 | (09:00) |
|---|---|---|
| High | 14,474.53 | (09:45) |
| Low | 14,388.28 | (09:10) |
Asia stocks up as Summers withdraws from Fed race
Asian stocks started the week higher, and U.S. stock futures rose, after Larry Summers withdrew his name for consideration to run the Federal Reserve.
Summers had been thought to be President Barack Obama?s first choice to succeed Ben Bernanke as the Fed chairman, and many investors had considered him to be a candidate that was more likely to curtail the central bank?s aggressive moves to stimulate the economy. Another potential candidate for the job is Vice Chair Janet Yellen.
?Markets will take confidence from the view that a Yellen Fed is unlikely to put much pressure on economic growth rates by withdrawing monetary stimulus too soon.? said Ric Spooner, chief market analyst at CMC Markets.
Stocks across the region were higher with the Hang Seng Index up 1.3% in Hong Kong, the S& P/ASX 200 up 0.8% in Australia and South Korea?s Kospi 0.9% higher.
Futures also pointed to a strong start in the U.S., with S& P 500 futures up 17.3 points to 1,699.30, while Dow Jones Industrial Average futures added 160 points to 15,471.00.
The Shanghai Composite was up 0.2%, Singapore?s Straits Times Index gained 1.4%, while Japan was closed on Monday for a public holiday.
Gold moved 1.6% higher to $1,329.40 an ounce.
今 日 は 敬 老 の 日 で す 。 Today is Japan public holiday " Respect-for-the-Aged Day" .
Dollar Rises Vs Yen On Talk Of Summers Heading Fed
TOKYO (NQN)--The dollar is rising against the yen, trading to around 99.80 yen shortly after 14:15 p.m. following a Nikkei online report that U.S. President Barack Obama is set to name former Treasury Secretary Lawrence Summers as the next chairman of the Federal Reserve Board. Summers would replace Ben Bernanke, whose tenure expires in January.A dealer at a Japanese bank said the report prompted investors to sell the yen and buy the dollar in the view that Summers does not seem as keen about monetary easing as Fed Vice Chairman Janet Yellen, another prime candidate for the top job.
| 14,404.67 | ||
| +17.40 (+0.12%) | ||
| Open | 14,316.70 | (09:00) |
|---|---|---|
| High | 14,439.93 | (09:20) |
| Low | 14,233.12 | (12:47) |
Nikkei Turns Upward After Opening Lower
TOKYO (NQN)--Tokyo stocks opened lower Friday following an overnight decline in the Dow Jones industrial average, with the Nikkei Stock Average sliding 70.57 points to begin the day at 14,316.70.But the benchmark index later turned upward.
A pause in the yen's fall against the dollar weighed on the stock market, with Fanuc Corp., KDDI Corp. and other blue chips opening lower.
| 14,419.27 | ||
| +32.00 (+0.22%) | ||
| Open | 14,316.70 | (09:00) |
|---|---|---|
| High | 14,439.93 | (09:20) |
| Low | 14,316.70 | (09:00) |
Nikkei Ends Lower On Profit-Taking
TOKYO (NQN)--Tokyo stocks fell Thursday despite the overnight rise on Wall Street, with the Nikkei Stock Average sliding 37.80 points, or 0.26%, to end the day at 14,387.27.The dollar weakened to the mid-99 yen level, prompting investors to lock in recent gains. Blue-chip exporters were weak. Buying of stocks linked to the 2020 Summer Olympics in Tokyo has paused, with the benchmark Nikkei average retreating by more than 100 points at one time.
| 14,387.27 | ||
| -37.80 (-0.26%) | ||
| Open | 14,397.90 | (09:00) |
|---|---|---|
| High | 14,455.37 | (09:07) |
| Low | 14,321.57 | (13:52) |
Japan machinery-order data disappoint
TOKYO--Japanese core machinery orders stayed flat in July from the previous month, the government said Thursday, following a 2.7% decrease in June, suggesting businesses are still cautious about increasing investment despite a weaker yen and economic stimulus programs in place to support Japan's economic recovery.
The result was worse than expected by economists surveyed by Dow Jones Newswires and the Nikkei, whose median estimate came to an increase of 2.4%.
Unadjusted core orders also rose 6.5% from the year-earlier month.
Machinery orders are widely regarded as a leading indicator of corporate capital investment, a good predictor of actual investment spending about six months ahead. Core orders strip out those from electric power companies and those for ships, which tend to swing wildly and obscure the underlying trend.
While Japan is already three quarters into economic recovery that began in October-December last year, capital spending remains sluggish, especially among manufacturing companies. Revitalizing business investments is considered crucial to turn the government-supported economic recovery into private-sector led growth.
Nikkei Opens Tad Lower On Profit-Taking
TOKYO (NQN)--Tokyo stocks opened slightly lower Thursday, with the Nikkei Stock Average falling 27 points to begin the day around 14,400.Although the Dow Jones industrial average closed more than 100 points higher, buying in Tokyo appears limited so far.
Investors are selling stocks to lock in recent gains as equities have been rising since the beginning of September.
| 14,390.29 | ||
| -34.78 (-0.24%) | ||
| Open | 14,397.90 | (09:00) |
|---|---|---|
| High | 14,455.37 | (09:07) |
| Low | 14,382.34 | (09:42) |
Nikkei Ends Flat On Fear Of Overheating
TOKYO (NQN)--Tokyo stocks edged higher for a third straight trading day Wednesday, with the Nikkei Stock Average ending the day up 1 point, or 0.01%, at 14,425, its highest closing level since Aug. 2.Following a speech by President Barack Obama, concerns eased that the U.S. would soon intervene in Syria militarily, spurring buying of exporters.
The Nikkei average quickly lost steam toward the close on jitters about a short-term market overheating.
| 14,425.07 | ||
| +1.71 (+0.01%) | ||
| Open | 14,511.74 | (09:00) |
|---|---|---|
| High | 14,561.46 | (12:44) |
| Low | 14,422.72 | (15:00) |
Triple digit is always a catalyst and signal that market confidence is back. Back to back triple digit says a lot more about the market sentiment. If you still worry about Syria and QE tapering, you are missing something. This is the time to be in the market fishing for fishes, not waiting for fishes to jump to your boat.
But having said that, keep an eye on Nikkei at 16000. Now it is moving towards that figure at 14670. Nikkei at 16000 might cause Asia to panic and that is the deadly cliff. And this is Daniel, giving another bold prediction again. Ha! See if I am right again!?
Rgds
Daniel
But having said that, keep an eye on Nikkei at 16000. Now it is moving towards that figure at 14670. Nikkei at 16000 might cause Asia to panic and that is the deadly cliff. And this is Daniel, giving another bold prediction again. Ha! See if I am right again!?
Rgds
Daniel
Nikkei Tops 14,500 On Wall St Gains, Yen's Fall
TOKYO (NQN)--Tokyo stocks opened higher Wednesday in response to overnight gains on Wall Street, with the Nikkei Stock Average climbing 88 points to begin the day at 14,511.It is the first time for the benchmark index to surpass 14,500 since July 25.
While the dollar's rise to the lower-100 yen level is prompting buying of carmakers and other blue-chip exporters, profit-taking is taking place following a surge in the Nikkei average through Tuesday.
China industrial, retail data beat forecasts
LOS ANGELES (MarketWatch) ? Chinese economic data released Tuesday
showed a stronger-than-anticipated picture in August for the industrial
and retail sectors, sending stocks higher.
Industrial production rose 10.4% from a year earlier, accelerating from
July?s 9.7% advance, the National Bureau of Statistics said. Separate
Dow Jones Newswires and Reuters surveys of economists had showed
expectations for a 9.9% gain.
RBS chief China economist Louis Kuijs said the strong result served to
?confirm a cyclical pick up in China?s economic growth that started in
July.?
?The recent improvement is largely because of better exports amidst
improving global demand, but continued solid domestic demand growth
provided an important cushion during the slowdown and remains key now,?
he wrote, adding that RBS saw a consolidation of the pick-up in the
coming quarters.
Meanwhile, retail sales increased by 13.4% compared to August last year,
with the forecast from the Reuters poll having expected sales growth to
hold steady at July?s 13.2% rate.
Nikkei Ends At 1-Month High On Olympics, China Recovery
TOKYO (NQN)--Tokyo stocks rose sharply Tuesday, with the Nikkei Stock Average surging 218.13 points, or 1.54%, to end the day at 14,423.36, its highest level since Aug. 2.Investors were buying stocks linked to domestic demand in line with a recovery in the Japanese economy and enthusiasm about Tokyo's successful bid to host the 2020 Summer Olympics. Short-term retail investors were aggressively buying attractively priced stocks of construction firms. Expectations of a Chinese economic recovery also prompted buying of construction machinery makers and marine shippers.
The trading value on the first section of the Tokyo Stock Exchange totaled about 2.44 trillion yen on a preliminary basis, surpassing 2 trillion yen for the second straight day and the largest amount since July 19, when it reached 3.1 trillion yen. A total of 4.23 billion shares changed hands, the most since June 7, when the volume reached 4.39 billion shares.
Nikkei Opens Higher On Wall St Gains
TOKYO (NQN)--Tokyo stocks opened higher Tuesday in response to overnight gains on Wall Street, with the Nikkei Stock Average jumping 113.49 points, or 0.80%, to start the day at 14,318.72.Expectations that the Japanese economy will improve and a recovery in the Chinese economy are easing investors' risk-averse stance, prompting the buying of a broad range of issues.
Sony Corp. is rising sharply following its announcement that it will start selling its new PS4 video game console in Japan in February. Isetan Mitsukoshi Holdings Ltd. opened higher in line with a report that the department store operator's fiscal 2013 operating profit will likely rise to 35 billion yen.
Suntory Beverage & Food Ltd. also opened higher following its announcement of plans to make its first large-scale corporate acquisition since the company was listed on the first section of the Tokyo Stock Exchange in July.
Nikkei Stock Average(*Close)
| 14,205.23 | ||
| +344.42 (+2.48%) | ||
| Open | 14,141.67 | (09:00) |
|---|---|---|
| High | 14,251.46 | (09:12) |
| Low | 14,117.68 | (09:03) |
Nikkei Soars As Tokyo Chosen To Host 2020 Olympics
TOKYO (NQN)--Tokyo stocks opened sharply higher Monday after Tokyo was selected to host the 2020 Summer Olympic Games on Sunday morning, with the Nikkei Stock Average briefly surging more than 300 points to surpass 14,200.It is the first time in a month that the benchmark index has topped that level during trading hours.
Investors are buying stocks on expectations of the medium- to long-term economic effects that come with hosting the international sporting event. Stocks of general contractors, including Taisei Corp. and Mitsui Fudosan Co., and property developers are rising.
Also pushing up Tokyo stocks is the government's GDP announcement before the bell. The Cabinet Office said the revised price-adjusted gross domestic product for the quarter ended June rose by an annualized 3.8%, up from the 2.6% growth on a preliminary basis.
| 14,210.79 | ||
| +349.98 (+2.52%) | ||
| Open | 14,141.67 | (09:00) |
|---|---|---|
| High | 14,251.46 | (09:12) |
| Low | 14,117.68 | (09:03) |
Tokyo Stocks Snap 4-Day Winning Streak Ahead Of Olympic Decision
TOKYO (Kyodo)--Tokyo stocks snapped a four-day winning streak on Friday, as investors locked in gains while cautiously awaiting the decision on Tokyo's bid to host the 2020 Olympic Games and the outcome of key U.S. jobs data.
| 13,860.81 | ||
| -204.01 (-1.45%) | ||
| Open | 14,088.41 | (09:00) |
|---|---|---|
| High | 14,099.13 | (09:01) |
| Low | 13,834.52 | (14:08) |
Japan stocks fall, but weekly win in sight
LOS ANGELES (MarketWatch) -- Japanese equities slipped in early trade Friday, turning lower after a strong week of gains, and ahead of the widely watched U.S. employment report.
The Nikkei Stock Average was off 157 points, or 1.1% at 13,908.57. It had opened modestly higher as the U.S. dollar rose above the 100-yen level, and a weaker yen tends to boost exporting stocks. The broader Topix index fell 0.5%.
Shares of Toyota Motor Corp. declined 0.6%, and Toshiba Corp. lost 1%, while among financials, Nomura Holdings Inc. lost 0.8%. Advancers included NTT DoCoMo Inc., rising 1.2% following a Nikkei newspaper report that the company will soon begin to carry Apple Inc.'s iPhone. Shares of rival carriers Softbank Corp. and KDDI Corp., which already carry the iPhone, fell 2.9% and 1.2%, respectively.
The Nikkei Stock Average was poised for a weekly gain of around 4%, the strongest performance since the week ended July 5.