Monday, June 09, 2008
Japan stocks slide following Wall Street losses on weak US jobs data, surging crude prices
: Nipponese pillory driblet Monday but held up a spot better than expected, as weak U.S. occupations information on Friday and billowy petroleum terms triggered a crisp drop on Wall Street.
The Nikkei 225 index drop 308.06 points, or 2.1 percent, to 14,181.38.
Traders state investors desire to see how U.S. shares do later in the planetary twenty-four hours after of a leap in the American unemployment charge per unit rekindled fearfulnesses of a lag in that cardinal exportation market.
"The public presentation (of U.S. stocks) will likely to put the ways of the Nikkei tomorrow," said Tsuyoshi Segawa, equity strategian at Shinko Securities.
Earlier in the day, the marketplace trimmed its losings on hopes that Wall Street pillory may bounce this hebdomad after the Dow Mother Jones industrial norm stumbled 3.1 percentage on Friday. As the dollar stayed above 105 hankering during Asiatic trading hours, futures-buying supported the Nikkei around 14,200 before it slipped lower. Today in Business with Reuters
In late Tokio trading, the dollar bought 105.42 hankering up from 104.90 late Friday in New York.
Exporters were weak on profit-taking, with Tokio Electron sloughing 4.8 percentage to 6,800 hankering and Canon dropping 4.4 percentage to 5,450 yen. Toyota Motor Corp. sank 2.9 percentage to 5,430 yen, and Honda Motor Co. drop 3.4 percentage to 3,730 yen.
Meanwhile, oil-linked shares rose after petroleum terms surged to records late last week, climbing above US$139 a gun barrel in after-hours trading Friday. Inpex Holdings gained 3.8 percentage to 1.35 million yen. In Asiatic trading, oil retreated below US$137 a barrel.
One share that made a splash in an otherwise grim session was sportswear shaper Goldwin, whose shares shot up 22 percentage to 299 yen. Person investors piled into the stock because the company have a licence to sell Speedo's LZR Racer swimsuits, which was what Nipponese swimmers were wearing as they put new national and human race records at the Japanese Islands Open swimming competition over the weekend.
In currencies, the Euro hit 166.39 hankering — its highest degree since Dec. Twenty-Eight — and was trading at 165.98 Monday afternoon. Against the greenback, the Euro was at $1.5788, a shade higher than $1.5776 in New House Of York Friday.
Labels: crude prices, export market, fears, Investors, japanese stocks, jobs, nikkei 225 index, slowdown, stocks, unemployment rate, wall street
Tuesday, December 25, 2007
Japanese stocks jump on bargain hunting in banks, real estate
: Nipponese pillory jumped Tuesday in thin post-holiday trade on deal hunting in pillory seen as sensitive to domestic demand such as as Banks and existent estate.
The benchmark Nikkei 225 stock index rose 295.59 points, or 1.94 percent, to fold at 15,552.59 points on the Tokio Stock Exchange Tuesday. The index added 1.5 percent, to fold at 15,257.00 points Friday.
Trading was light, with abroad investors sidelined for the Christmastide holiday. Nipponese marketplaces were closed Monday for a national holiday.
Players anticipate flowings to be thin in the run-up to the New Year holidays, with the Nikkei likely to stay around 15,500 for the remainder of the week.
"We saw an early morning time encouragement from foreign orders before people went on vacation but otherwise it is quiet," said Trevor Hill, caput of client trading at UBS. Today in Business
Domestic-demand orientated pillory led the gains. Mitsubishi UFJ Financial Group rose 3.74 percentage to 1,080 hankering (US$9.47; €6.58), Sumitomo Mitsui Financial Group added 3.57 percentage to 869,000 (US$7,619; €5,292), while Daiwa House Industry Co. climbed 3.51 to 1,502 hankering (US$13.17; €9.15).
Electronics giant Hitachi added 3.85 percentage to 836 hankering (US$7.33; €5.09) after the company announced programs to sell down its interest in its loss-making liquid crystal show unit, raising hopes it will ship on a concern restructuring that could hike net income margins.
Matsushita Electric Industrial Co., which is purchasing portion of Hitachi's stake, rose 1.08 percentage to 2,325 hankering (US$20.38; €14.15), while Canon, which is also in on the deal, finished unchanged at 5,240 hankering (US$45.94; €31.91).
Japan's top mobile telephone bearer NTT DoCoMo rose 1.63 percentage to 187,000 hankering (US$1,639; €1,138), following studies the company programs to tie-up with Internet hunt giant Google to supply hunt and e-mail services on its handsets.
The broader Topix index, which includes all shares on the exchange's first section, added 26.83 points, or 0.18 percent, to 1496.03. Volume was light at 1.418 billion shares.
The dollar was trading at 114.06 hankering at 2:50 p.m. (0550 GMT) Tuesday, down from 114.32 hankering late Monday in New York. The Euro drop to US$1.4394 from $1.4405.
Labels: christmas holiday, holiday trade, japanese markets, japanese stocks, national holiday, new year holidays, nikkei 225 stock index, overseas investors, real estate, rest of the week, tokyo stock exchange
