NEW YORK, March 15 — Wall Street edged slightly higher at the open today, with US stocks poised to post gains for the week as investors were comforted by continued US-China trade negotiations. The upward momentum came despite plunging economic…
TOKYO: Tokyo stocks opened higher on Friday with a cheaper yen supporting the market, as investors awaited the Bank of Japan’s policy board decision later in the day.
The Nikkei 225 index added 0.62%, or 130.98 points, to 21,418.00 in early trade, while the broader Topix index was up 0.55%, or 8.80 points, at 1,597.09.
Investors were awaiting the Bank of Japan’s monetary policy decisions later on the day, “as there is a view that the Bank may revise down part of its assessment of the economy even though the monetary policy itself is expected to be unchanged”, said Toshiyuki Kanayama, senior market analyst at Monex.
The dollar fetched 111.77 yen in early Asian trade, up slightly from 111.65 yen in New York and 111.58 yen in Tokyo on Thursday.
Wall Street shares ended mixed but the changes were limited as investors fretted about the slackening momentum in US-China trade talks while British lawmakers voted to delay the exit from the EU, a move largely expected by market participants.
US President Donald Trump said Thursday that trade war negotiations with China should wrap up within four weeks and expressed optimism about striking a deal, saying “we are doing very well with China talks”.
Despite Trump’s upbeat assessment, the two sides continue to lock horns on the hugely complex dispute between the world’s two biggest economies.
In Tokyo, Toyota was up 1.02% at 6,610 yen after it announced it will boost its planned US investment by US$3 billion to US$13 billion (RM12.3 billion to RM53.2 billion) over five years to boost manufacturing in multiple states.
Its rival Honda was up 1.29% at 3,062 yen while Nissan was up 1.05% at 940.7 yen.
China-related shares were also higher, with construction machinery maker Komatsu trading up 1.33% at 2,661.5 yen and industrial robot maker Fanuc rallying 1.28% to 18,870 yen.
In New York, the Dow was barely changed at 25,709.94 at the close while the broader S&P 500 ended down 0.1% at 2,808.48. — AFP
NEW YORK, March 14 — Wall Street was little moved at the open today as investors brushed aside a bevy of worrisome corporate and trade news. Shares in the embattled US engineering giant General Electric, aircraft maker Boeing and pharmaceuticals…
HONG KONG, March 14 — The pound retreated from nine-month highs in Asia today as investors are dogged by Brexit uncertainty, while equities were mixed as a healthy Wall Street lead was offset by more disappointing Chinese economic data. In another…
TOKYO, March 14 ― Tokyo shares closed lower today as lingering concerns over the US-China trade dispute and the fate of Brexit weighed on the market in late trade, erasing their early gains. The benchmark Nikkei 225 index edged down 0.02 per cent,…
TOKYO: Tokyo shares opened higher Thursday as investors attempted to recover losses from the previous day, taking their cue from overnight gains on Wall Street.
The Nikkei 225 index added 0.84%, or 178.79 points, to 21,469.03 in early trade, while the broader Topix index rose 0.70%, or 11.22 points, at 1,603.29.
“Japanese shares are expected to rebound, continuing the momentum stemming from gains in US shares,“ Okasan Online Securities said in a note.
“The market has confirmed that there is solid support around 21,000. It should encourage bargain hunters,“ the brokerage said.
Players have already factored in the British decision to avoid a no-deal Brexit, Okasan said.
UK lawmakers voted to reject a the notion of crashing out of the European Union, which is still due to occur in just over two weeks.
They earlier this week rejected the divorce deal negotiated by Prime Minister Theresa May.
The dollar stood at 111.17 yen, flat from New York on Wednesday.
Overnight, the Dow closed up 0.6%, while the S&P 500 and Nasdaq both added 0.7%.
Among major Tokyo shares, Uniqlo-operator Fast Retailing added 1.48% to 54,270 yen. Toyota edged up 0.18% to 6,597 yen.
Internet investor SoftBank jumped 3.66% to 11,045 yen.
SYDNEY, March 14 ― Asian shares paused today as investors awaited data from China for clues about the health of the world's second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a…
NEW YORK, March 14 ― World equity markets advanced broadly yesterday after US data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company's 737 MAX…
NEW YORK, March 13 — Wall Street forged higher at the open today, casting aside worries about Brexit chaos in Britain and Boeing’s mounting international crisis. Shares in the aviation giant gained 0.3 per cent just after the open, rising for…