The long-standing inverse correlation between the yen and Japanese stock prices has broken down, suggesting the Nikkei (CBOE:.NKXQ) could rise even if the Japanese currency doesn’t weaken further, analysts say. “The rise in the Nikkei and its decoupling from a weaker yen is driven not by fundamentals but depends on the flow of money from Read More
March 2015
The Nikkei 225 average closed slightly lower Tuesday, hurt by profit-taking after the recent surge, but its downside was limited thanks to buying on dips. The key market gauge lost 11.72 points to close at 18,815.16 after adding 28.94 points Monday. The Topix rose 1.86 points to end at 1,526.83 a day after rising 1.12 Read More
TOKYO, March 3 (Reuters) – Japan’s Nikkei share average edged down in choppy trade on Tuesday as investors took profits from recent gains, while Sharp Corp tumbled on news that it is planning to seek aid from its main lenders as it expects losses to mount this year. The Nikkei ended 0.1 percent lower at Read More
* Sharp dives to 3-week low * Chip-related shares outperform after Nasdaq rises * Nikkei futures snap a 13-day winning streak * Regional banks lower after CLSA cuts ratings By Ayai Tomisawa TOKYO, March 3 (Reuters) – Japan’s Nikkei share average fell in choppy trade on Tuesday as investors took profits from the recent gains, Read More
* GPIF’s buying of Japanese stocks also lift the mood – analysts * Mitsui OSK outperforms on report it will sail largest container vessels * Taisei Corp falls after fund raising announcement By Ayai Tomisawa TOKYO, March 2 (Reuters) – Japan’s Nikkei share average rose to a fresh 15-year high on Monday morning after China’s Read More
Japan’s Nikkei share average hit a fresh 15-year high on Friday on upbeat Japanese industrial output data, while the market awaited an announcement from the country’s biggest pension fund on its latest asset allocations. The Nikkei share average ended 0.1 per cent higher at 18,797.94 points, its best closing level since April 2000. For the Read More