Nikkei 225

Profitable Japan trade going into reverse as investors grow wary of Abenomics

Shinzo Abe regularly addresses Japan with nationalist language. Photo: AFP

There are three reasons people in Hong Kong should care about the apparent crumbling of last year's best investment bet - Japan.

One is that local investors snapped up Japan funds with abandon last year, and smartly so: the returns were huge.

Tuesday, 1 April, 2014, 12:51am 7 comments

Japanese stocks tumble as Abenomics loses its lustre and investors take fright

Japanese stocks tumble as Abenomics loses its lustre and investors take fright

The Nikkei 225 stock index dived 6.35 per cent to finish at 12,445.38 yesterday, erasing almost all its gains since the Bank of Japan unveiled a plan on April 4 to double the size of the country's monetary base.

14 Jun 2013 - 5:12am 1 comment

Tokyo stocks down 2.75pc by morning break

Tokyo stocks tumbled almost three per cent on Thursday morning as jittery investors dumped shares following a sharp fall on Wall Street on the back of concerns over global growth.

30 May 2013 - 12:26pm

Markets fall as Chinese production weakens

Markets fall as Chinese production weakens

The deteriorating outlook on the mainland sent Japan's Nikkei 225 stock average slumping 7.3 per cent, registering the deepest loss since the 2011 earthquake and tsunami. The Hang Seng Index dropped 2.54 per cent to 22,669.68, its biggest slide in seven weeks. The Shanghai Composite Index fell 1.16 per cent while Australia's S&P/ASX 200 Index dropped 1.99 per cent.

24 May 2013 - 3:47am

Nikkei up over 3pc after dollar tops 100 yen

Japan’s benchmark Nikkei 225 index gained more than three per cent in early trade on Friday morning while the US dollar topped 100 yen for the first time in more than four years. Photo: Reuters

Tokyo stocks jumped more than three per cent on Friday morning following the dollar’s surge past the 100 yen mark overnight, underscoring the Japanese currency’s sharp decline in recent months.

10 May 2013 - 10:46am

China stock slump highlights market flaws

A Chinese investor in Hefei, Anhui province. China’s economic growth hit a more than three-year low of 7.4 per cent in the third quarter. Photo: Reuters

Chinese stocks this year fell to levels unseen since the global financial crisis, as investors ignored a rebound in the world’s second largest economy and focused on fundamental problems with the market.

29 Aug 2013 - 4:13am

Tokyo stocks up 2.61pc in morning trade

A boards shows the close of the Nikkei stock average at the end of trading for 2012 at the Tokyo Stock Exchange. Photo: Reuters

Tokyo stocks climbed 2.61 per cent by the break on Friday, the first day of next year trading, as the yen tumbled on relief over a US deal to avert the “fiscal cliff” of tax hikes and huge spending cuts.

 The Nikkei 225 index on the Tokyo Stock Exchange, which ended this year at the highest level since the March last year quake and tsunami disaster, added 270.92 points to 10,666.10 in morning trade after initially rallying more than three per cent.

 The Topix index of all first-section issues gained 2.82 per cent or 24.28 points to 884.08.

 “Japan’s markets are opening relatively late after the US government acted, and thus they stand to benefit from the news as well as the enthusiastic response from other bourses,” said SMBC Nikko Securities general manager of equities Hiroichi Nishi.

 Global markets rallied after the US House of Representatives late Tuesday passed a deal between the White House and Republicans to raise taxes on the rich and put off automatic US$109 billion budget cuts for two months.

 The deal lifted the clouds of immediate crisis, sending the yen to its lowest level since July 2010 against the dollar.  

The dollar rose to 87.63 yen by Tokyo midday, up from 87.19 yen in New York Thursday afternoon. The euro was at 114.21 yen and $1.3026 from 113.80 yen and US$1.3052.

 The market is watching the next moves by Congress and US President Barack Obama.

 CLSA equity strategist Nicholas Smith said: “Thereafter [the] focus will be on who Prime Minister [Shinzo] Abe wants to recommend as the new Bank of Japan governor.”

 Abe, who took office in December, has pressured the central bank to take aggressive easing steps to help drag Japan out of years of deflation and weak growth.

 It has spawned speculation that he will want someone willing to agree to his inflation target to replace current governor Masaaki Shirakawa, whose five-year tenure ends on April 8.

Friday was also the first trading day for Japan Exchange Group, which put together The Tokyo Stock Exchange and Osaka Securities Exchange.

 “We will aim for Asia’s No. 1 exchange that is selected by investors from around the world,” the group’s chief executive Atsushi Saito said at in a ceremony at the Tokyo bourse.

 Exporters were higher, with Toyota Motor up 4.74 per cent to 4,195 yen and Nikon up 4.82 per cent to 2,648 yen.

 Among financials Nomura Holdings climbed 3.97 per cent to 523 yen and Sumitomo Mitsui Financial Group rose 2.72 per cent to 3,200 yen.

 Embattled electronics firm Sharp fell 2.64 per cent to 295 yen after a report during the New-Year break that it is considering making a public share offering worth more than 100 billion yen this year.  

4 Jan 2013 - 1:10pm

Nikkei scales 21-month high on new leadership hopes

An electronic monitor displaying market indices reflects pedestrians at a brokerage in Tokyo. Photo: Reuters

The Nikkei share average climbed to a 21-month high on Thursday, led by exporters and banks, as the new Japanese prime minister’s vow to battle deflation.

27 Dec 2012 - 2:43pm

US budget hopes boost Asia stocks

Asian stocks rose Tuesday as investors gained confidence that President Barack Obama and the U.S. Congress will reach a budget deal to avert tax hikes and spending cuts that could throw the world’s No. 1 economy into recession.

20 Nov 2012 - 2:12pm

Nikkei rises for fifth day, gains limited ahead of BOJ response

Women walk past an electronic stock indicator in Tokyo on Monday as the yen's recent weakness helped boost Japan's Nikkei 225. Photo: AP Photo

The Nikkei share average extended its rise into a fifth day on Tuesday, helped by optimism over US fiscal talks, but gains were limited as investors took profits and awaited a Bank of Japan policy decision later in the session.

20 Nov 2012 - 1:20pm

Tokyo stocks close at two-month high

A pedestrian walks past a share prices board in Tokyo on November 19, 2012. (AFP / Yoshikazu TSUNO)

Tokyo stocks finished Monday at a two-month high, adding 1.43 per cent after the front-runner to become Japan’s next prime minister said he would push for further monetary easing if elected.

19 Nov 2012 - 4:18pm

Surge in yen

The yen came close to a 3.5-year high against the US dollar, as the failure of new policy initiatives to curb the currency's resurgent strength sparked new optimism among investors over the economic recovery in Japan.

17 Sep 1999 - 12:00am

Index climbs in thin trade before Easter

Philippine markets were closed for the Easter holiday yesterday.

Share prices closed higher in thin trade on Wednesday before the break, with investors taking their lead from gains in Tokyo.

The Composite Index finished 10.12 points higher at 2,193.47 and the All-Shares Index put on 3.18 points to 679.18.

11 Apr 1998 - 12:00am

Nikkei-225 put warrants debut

Morgan Stanley yesterday launched 163 million put warrants on the Nikkei-225 Index at an issue price of 36.97 cents, bringing the total issue to $60 million. They were the first Nikkei-225 warrants to be listed on the Hong Kong stock exchange. The US-style warrants, which will mature on September 11, 1998, carry a strike price of 17,000 yen (about HK$1,044).

20 Nov 1997 - 12:00am

Japanese stocks hit high note

Japanese stocks outperformed the rest of the region last week as a strong US dollar spurred exporter stocks.

The Nikkei added 4.85 per cent in value, also helped by strong US growth figures.

The hope is that a strong US economy will increase demand for Japanese products made more affordable by a weaker yen.

5 May 1997 - 12:00am

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