Tokyo Market

Market Scramble

Foreigners still leery of Japan stocks' risks

TOKYO -- Japanese investors are gradually returning to the equities market following a massive sell-off, even as overseas counterparts keep their guard up against volatility. The Nikkei Stock Average advanced for a third session Friday, climbing ...

  • Dollar slides back to upper 120 yen zone on late exporter selling

    TOKYO (Kyodo) -- The U.S. dollar slid back to the upper 120 yen zone in late Tokyo trading on Friday on selling by Japanese exporters, with major interest focused on whether Saturday's keynote speech at the Jackson Hole Economic Symposium sheds light...

  • Nikkei retakes 19,000 on hopes for global economic recovery

    TOKYO (Kyodo) -- Tokyo stocks advanced 3.03 percent on Friday, with the Nikkei index retaking the 19,000 line on hopes for global economic recovery in the wake of positive U.S. economic data and gains on Wall Street overnight. The 225-issue Nikke...

  • Tokyo stocks soar in morning as risk appetite returns

    TOKYO (Kyodo) -- Tokyo stocks climbed sharply on Friday morning following steep gains in overseas equity markets overnight as risk appetite returned following a global stock rout on concerns about a China-led global economic slowdown. The 225-iss...

  • Dollar firm in lower 121 yen range on strong U.S. GDP data and stocks

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 121 yen zone on Friday morning in Tokyo, maintaining the firm tone set overnight in New York on upbeat U.S. economic data and gains in U.S. stocks. At noon, the dollar fetched 121.06-13 yen com...

  • Tokyo stocks surge in early trading echoing global gains

    TOKYO (Kyodo) -- Tokyo stocks rose sharply in early trading Friday, with the Nikkei index briefly returning above the 19,000 level, on the back of steep gains in European and U.S. stocks overnight. In the first 15 minutes of trading, the 225-issu...

  • Dollar at lower 121 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 121 yen range early Friday in Tokyo, after advancing overnight in New York. At 9 a.m., the dollar fetched 121.02-03 yen compared with 120.98-121.08 yen in New York and 120.43-45 yen in Tokyo at 5 p...

  • Ongoing slump

    Japanese chip equipment makers hurt by slow computer demand

    TOKYO -- Sluggish demand for personal computers and smartphones is shrinking business for major Japanese companies that make equipment for semiconductor manufacturing. Seven production device makers, including Japanese market leader Tokyo Electro...

  • Nikkei earnings preview

    Itochu seen with added profit on quickened investment in Citic

    TOKYO -- Itochu has moved up a second round of its investment in state-run Chinese conglomerate Citic, a step expected to boost profit this fiscal year. The Japanese trading house's pretax profit will likely grow roughly 20 billion yen ($165 mill...

  • Market Scramble

    Nonfinancial info offers compass in stormy market

    TOKYO -- Even as concerns over the Chinese economy continue to weigh on the market, investors willing to look beyond financial statements may find hidden gems in companies improving corporate governance or pursuing social and environmental causes. ...

  • Dollar rises to mid-120 yen on solid U.S. economy

    TOKYO (Kyodo) -- The U.S. dollar rose to the mid-120 yen zone on Thursday, supported by improved sentiment toward the currency following a rally on Wall Street and the release of upbeat U.S. economic data the previous day. At 5 p.m., the dollar f...

  • JGBs fall on global stocks rebound

    TOKYO (Dow Jones) -- Japanese government bonds fell Thursday, weighed down by improvement in risk sentiment in the wake of the global stock markets recovery after a China-induced rout earlier this week. The yield on the benchmark 10-year JGBs was...

  • Tokyo stocks rise as China concerns ebb, echoing Wall Street

    TOKYO (Kyodo) -- Tokyo stocks ended higher Thursday amid renewed optimism on global economic conditions following decisive policy action by China's central bank and a surge in New York stocks overnight. The 225-issue Nikkei Stock Average ended up...

  • Dollar firm in lower 120 yen on continuing hopes for China recovery

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 120 yen zone Thursday morning in Tokyo, maintaining its firmness from New York overnight on upbeat U.S. economic data and continuing hopes that the Chinese economy will recover with fresh easing me...

  • Tokyo stocks leap in morning on firming China mood, Wall Street

    TOKYO (Kyodo) -- Tokyo stocks rose sharply on Thursday morning as investors became more optimistic about global economic conditions following decisive policy action by China's central bank and a surge in New York stocks overnight. The 225-issue N...

  • Tokyo stocks soar in early trading after steep rebound on Wall Street

    TOKYO (Kyodo) -- Tokyo stocks leapt sharply in early trading Thursday, with the Nikkei index briefly rising more than 400 points, after steep gains in U.S. stocks overnight suggested world markets' fears over a China-led global slowdown have begun to...

  • Dollar edges up to lower 120 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar edged up into the lower 120 yen range early Thursday in Tokyo, following its gains overnight in New York. At 9 a.m., the dollar fetched 120.05-13 yen compared with 119.90-120.00 yen in New York and 119.26-29 yen i...

  • Market Scramble

    To institutional investors, cash is king

    TOKYO -- Institutional investors are growing conservative, opting to tap the ultimate risk-aversion tool of cash holdings amid uncertainty over the Chinese economy and U.S. monetary policy. Earlier this month, a corporate pension plan instructed ...

  • Mauled by bears

    Electronics seller Nojima nixes fundraising plan after stock plunges

    TOKYO -- Nojima has called off a planned public stock offering now that the Japanese electronics retailer's share price has fallen 40% in the recent market turmoil. Nojima had decided Aug. 18 to raise some 15 billion yen ($124 million) through su...

  • Nikkei earnings preview

    Tokyo Dome's operating profit seen climbing 20% for first half

    TOKYO -- Baseball stadium operator Tokyo Dome Corp. likely boosted group operating profit 20% on the year to over 6 billion yen ($49.9 million) for the February-July half on a rise in concert revenue and hotel bookings. The figure exceeds the pre...