Tokyo Market

Hong Kong stocks

Property developer rises after official is convicted

HONG KONG -- Real estate developer Sun Hung Kai Properties saw its stock jump 2.2% Monday to 115.8 Hong Kong dollars ($15.22) as investors took the view that bad news on the company had run its course. The shares were up by more than 3% at one point....

  • Strategists weigh in

    Japan's stocks expected to keep rising in 2015

    TOKYO -- Japanese shares will stay on their upward trajectory next year, a number of market watchers predict, with some saying the Nikkei Stock Average will reach the 20,000 range for the first time since 2000 amid improved corporate earnings. "...

  • Flush with cash

    Investors seek growth stocks in Tokyo

    TOKYO -- Growth stocks continued to shine Monday on the Tokyo Stock Exchange even as the Nikkei Stock Average saw only narrow gains, with investors growing more selective despite a market awash with liquidity. The deposit balance at leading banks...

  • Dollar firm in mid-119 yen zone on hopes for higher U.S. interest rates

    TOKYO (Kyodo) -- The U.S. dollar held firm in the mid-119 yen range in Tokyo on Monday, maintaining its solid footing in New York last week on prospects for a divergence in the monetary policies of the United States and Japan. At 5 p.m., the doll...

  • Tokyo stocks end flat as profit-taking erases early gains

    TOKYO (Kyodo) -- Tokyo stocks ended nearly flat Monday as the market's gains in the morning were erased by profit-taking after recent rallies. The 225-issue Nikkei Stock Average ended up 13.74 points, or 0.08 percent, from Friday at 17,635.14. Th...

  • JGBs rise to 21-month high following rally in U.S. treasurys

    TOKYO (Dow Jones) -- Japanese government bonds rose to their highest level in about 21 months Monday, getting a lift from a rebound in U.S. Treasury debt. The rise in prices pushed down the yield on the benchmark 10-year JGB by one basis point to...

  • Tokyo stocks flat in morning, gains offset by profit-taking

    TOKYO (Kyodo) -- Tokyo stocks gave back modest gains following rises on Wall Street and ended morning trading nearly flat on Monday, as investors moved to cash in after recent rallies. The 225-issue Nikkei Stock Average was up just 0.26 point, or...

  • Tokyo stocks open higher after Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened slightly higher Monday, taking their cue from gains Friday on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 27.84 points, or 0.16 percent, from Friday to 17,649.24. T...

  • Dollar stays in mid-119 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-119 yen zone early Monday in Tokyo, little changed from its levels Friday in New York. At 9 a.m., the dollar fetched 119.50-52 yen compared with 119.46-56 yen in New York and 119.17-18 yen in Tok...

  • Central Tokyo developers

    Mitsui Fudosan overtakes Mitsubishi Estate with greater growth expectations

    TOKYO -- In early September, Mitsui Fudosan overtook Mitsubishi Estate to temporarily become Japan's top ranked real estate developer in terms of market capitalization, for the first time since 1980. Mitsui Fudosan's strength lies in the sale of ...

  • Smartphone boom

    Murata seen posting record operating profit

    TOKYO -- Murata Manufacturing is expected to report a 50% increase in operating profit to around 190 billion yen ($1.58 billion) for the fiscal year ending March 31, marking its first record high in 14 years. The figure exceeds the previous expec...

  • Daily goods

    Kao's profit poised to reach another high next year

    TOKYO -- Kao Corp.'s consolidated operating profit for next fiscal year is expected to tally around 150 billion yen ($1.25 billion), a 15% rise on the projection for this year. The figure would represent a another consecutive high for the Japanes...

  • Market risks in 2015

    Uncertainty looming in Russia, US, Europe

    TOKYO -- Tokyo stocks rose again Friday as worries over the plunge in crude prices eased on growing confidence in U.S., European and Japanese monetary policies. But the market outlook for 2015 is fraught with uncertainty as not just oil-producing cou...

  • Beating Japan's slump

    Ramen purveyor Hiday Hidaka grows profit by taking fight to pubs

    TOKYO -- Hiday Hidaka's operating profit likely rose 10% on the year in the nine months through November as a bigger, boozier menu at its ramen noodle restaurants appealed to casual drinkers. The company is expected to report a parent-only operat...

  • Japanese government bonds

    Ultralong JGB issuance seen rising by 2 trillion yen in fiscal 2015

    TOKYO -- Japan appears likely to increase the issuance of 30- and 40-year government bonds by about 2 trillion yen ($16.6 billion) in fiscal 2015. The government hopes to take advantage of current low interest rates so as to hold down its future inte...

  • Dollar rises to lower 119 yen amid prospects for U.S. rate hike

    TOKYO (Kyodo) -- The U.S. dollar climbed to the lower 119 yen level Friday in Tokyo, bolstered by expectations of a U.S. rate hike next year, while the market showed limited reaction to the Bank of Japan's decision to keep intact its ultraloose monet...

  • Tokyo stocks surge on Fed rate view

    TOKYO (Kyodo) -- Tokyo stocks surged Friday as market sentiment continued to be lifted by the U.S. Federal Reserve's assurance that it could be patient in raising its key interest rate. The 225-issue Nikkei Stock Average ended up 411.35 points, o...

  • Dollar firm at around 119 yen amid prospects for U.S. rate hike

    TOKYO (Kyodo) -- The U.S. dollar remained firm at around the 119 yen line Friday morning in Tokyo amid expectations of a U.S. rate hike next year, while the market awaited the outcome of a Bank of Japan policy meeting. At noon, the dollar fetched...

  • Tokyo stocks surge in morning as Fed rate outlook lifts sentiment

    TOKYO (Kyodo) -- Tokyo stocks surged Friday morning as market sentiment continued to be lifted by the U.S. Federal Reserve's statement that it would be patient in raising its key interest rate. The 225-issue Nikkei Stock Average gained 330.07 poi...

  • Tokyo stocks open sharply higher after Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Friday on the heels of gains on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 297.43 points, or 1.73 percent, from Thursday to 17,507.48. The broader T...