Japanese Market Significantly Higher

RTTNews | 913 days ago
Japanese Market Significantly Higher

(RTTNews) - The Japanese stock market is significantly higher on Monday, extending the gains in the previous session, with the Nikkei 225 moving to just below the 26,900 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by technology and financial stocks.

The benchmark Nikkei 225 Index is up 305.47 or 1.15 percent at 26,859.00, after touching a high of 26,885.99 earlier. Japanese shares ended notably higher on Friday.

Market heavyweight SoftBank Group is gaining 1.5 percent and Uniqlo operator Fast Retailing is also adding 1.5 percent. Among automakers, Honda is gaining almost 1 percent and Toyota is edging up 0.2 percent.

In the tech space, Screen Holdings is gaining almost 2 percent, Advantest is adding more than 1 percent and Tokyo Electron is advancing almost 3 percent. In the banking sector, Sumitomo Mitsui Financial is gaining almost 2 percent, while Mizuho Financial and Mitsubishi UFJ Financial are adding more than 1 percent each.

The major exporters are mostly higher. Mitsubishi Electric is gaining almost 2 percent, Sony is adding almost 1 percent and Canon is edging up 0.2 percent. Panasonic is flat.

Among the other major gainers, NEXON, Taiyo Yuden and CyberAgent are gaining almost 3 percent each.

Conversely, there are no major losers.

In economic news, members of the Bank of Japan's Monetary Policy Board agreed that the country's economy has continued to pick up steam, minutes from the central bank's meeting on December 19 and 20 revealed on Monday.

At the meeting, the BoJ board members unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank. They expanded its 10-year Japanese government bond yield target band, pushing the yen sharply higher and leading to a fall in government bonds.

In the currency market, the U.S. dollar is trading in the lower 129 yen-range on Monday.

On Wall Street, stocks moved sharply higher over the course of the trading session on Friday, regaining ground after posting steep losses for two straight days. Tech stocks helped lead the rebound, resulting in a particularly strong gain by the tech-heavy Nasdaq.

The major averages saw further upside going into the close, ending the session at their best levels of the day. While the Nasdaq spiked 288.17 points or 2.7 percent to 11,140.43, the S&P 500 surged 73.76 points or 1.9 percent to 3,972.61 and the Dow jumped 330.93 points or 1.0 percent to 33,375.49.

The major European markets also moved to the upside on the day. While the German DAX Index advanced by 0.8 percent, the French CAC 40 Index rose by 0.6 percent and the U.K.'s FTSE 100 Index edged up by 0.3 percent.

Crude oil prices climbed higher on Friday amid optimism about the outlook for energy demand, as well as a drop from the greenback. West Texas Intermediate crude oil futures for March, the most active contract, settled with a gain of $1.03 or 1.3 percent at $81.64 a barrel. WTI Crude oil futures contract for February ended up $0.98 or 1.2 percent at $81.31 a barrel on expiration day.

read more
European Economic News Preview: ECB To Hold Key Interest Rates As Tariff Deadline Looms

European Economic News Preview: ECB To Hold Key Interest Rates As Tariff Deadline Looms

The European Central Bank is set to adopt a wait-and-see approach on Thursday ahead of a looming tariff deadline. Markets expect the ECB to hold the deposit facility rate at 2.00 percent after cutting it by a quarter basis points each in every rate-setting session since September. The announcement is due at 8.15 am ET.
RTTNews | 20 minutes ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending early losses in mid-market moves on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just above the 8,700 level, with weakness in mining stocks and a mixed performance in most other sectors.
RTTNews | 55 minutes ago
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, amid easing concerns about a global tariff war after US President Donald Trump confirmed major trade deals with Japan and the Philippines, which spurred expectations of further trade agreements as the August 1 deadline nears. Asian markets closed mostly higher on Wednesday.
RTTNews | 1h 15min ago
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 2h 20min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, expending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,900 level, with gains across all sectors led by index heavyweights, exporters and financial stocks.
RTTNews | 2h 48min ago
Indonesia Bourse May Break Resistance At 7,500 Points

Indonesia Bourse May Break Resistance At 7,500 Points

The Indonesia stock market bounced higher again on Wednesday, one day after ending the 11-day winning streak in which it had surged more than 530 points or 7.5 percent. The Jakarta Composite Index now sits just beneath the 7,470-point plateau and it may tick higher again on Thursday.
RTTNews | 2h 50min ago
Hong Kong Stock Market Has Solid Lead For Thursday's Trade

Hong Kong Stock Market Has Solid Lead For Thursday's Trade

The Hong Kong stock market has moved higher in four straight sessions, gathering almost 1,160 points or 4.6 percent in that span. The Hang Seng Index now sits just beneath the 25,540-point plateau and it's expected to open higher again on Thursday.
RTTNews | 3h 5min ago