Japanese Market Notably Higher
RTTNews · 05 Aug 224 Views
The Japanese stock market is notably higher on Friday, extending the gains in the previous two sessions, with the benchmark Nikkei 225 moving above the 28,100 level, following the mixed cues from Wall Street overnight, boosted by gains in exporters and technology stocks, which mirrored their peers on tech heavy Nasdaq.

The benchmark Nikkei 225 Index is gaining 186.64 points or 0.67 percent to 28,118.84, after touching a high of 28,167.04 earlier. Japanese shares closed notably higher on Thursday.

Market heavyweight SoftBank Group is edging down 0.3 percent and Uniqlo operator Fast Retailing is gaining almost 1 percent. Among automakers, Honda is losing almost 2 percent, while Toyota is gaining almost 1 percent.

In the tech space, Advantest is surging almost 3 percent, Tokyo Electron is adding almost 2 percent and Screen Holdings is gaining more than 1 percent.

In the banking sector, Mitsubishi UFJ Financial is losing almost 1 percent, while Mizuho Financial is edging down 0.3 percent and Sumitomo Mitsui Financial is flat.

Among major exporters, Canon is gaining almost 1 percent, Panasonic is edging up 0.3 percent and Sony is adding more than 1 percent, while Mitsubishi Electric is edging down 0.3 percent.

Among the other major gainers, Kikkoman is soaring almost 9 percent, Nippon Steel is surging almost 8 percent and NEXON is gaining more than 4 percent, while Sumco and Nintendo are adding more than 3 percent each. Kyowa Kirin is up almost 3 percent.

Conversely, JGC Holdings, Konami Group is losing almost 4 percent and Mitsui E&S Holdings is declining more than 3 percent, while IHI, Inpex, Mitsubishi Motors, Sumitomo Osaka Cement, JGC Holdings and GS Yuasa are down almost 3 percent each.

In the currency market, the U.S. dollar is trading in the lower 133 yen-range on Friday.

On Wall Street, stocks turned in a relatively lackluster performance during trading on Thursday, with the major averages bouncing back and forth across the unchanged line following the rally seen on Wednesday. Despite the choppy trading, the tech-heavy Nasdaq reached a new three-month closing high.

The major averages eventually finished the session mixed. While the Nasdaq rose 52.42 points or 0.4 percent to 12,720.58, the S&P 500 edged down 3.23 points or 0.1 percent to 4,151.94 and the Dow dipped 85.68 points or 0.3 percent to 32,726.82.

Meanwhile, the major European markets moved to the upside on the day. The German DAX Index and the French CAC 40 Index both rose by 0.6 percent, while the U.K.'s FTSE 100 Index closed just above the unchanged line after the Bank of England announced its biggest interest rate hike since 1995.

Crude oil futures settled lower on Thursday on concerns about the outlook for energy demand amid rising worries about a possible recession. West Texas Intermediate Crude oil futures for September ended lower by $2.12 or about 2.3% at $88.54 a barrel, settling below the $90 a barrel mark for the first time since early February.




Editor:Callie
Proofreading:AUREL

 

Reprinted from RTTNews , the copyright all reserved by the original author.

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