| Asia Market Update Archive: |
|
Sony, Nippon Steel Up; Ebara Down
May 15, 6:37 PM EDT |
|
| In Tokyo trading stocks edged higher on the optimism that the current economic slow down in the U.S. may not have a material impact on exporters. |
|
| Sony estimated operating profit in the current fiscal year to be at 450 billion yen, 20% higher than a year ago. The better than expected forecast lifted sentiment in trading. Nikkei 225 index increased 0.9% or 133.2 to 14,251. Separately, private sector machinery orders received in March fell 8%. Steel prices paid by Japanese automakers may reach 100,000 yen per ton this year. Sony and Nippon Steel led the gaiers in the Nikkei 225 index and Ebara and Shimizu led the decliners in the index. |
|
|
Full
Story... |
| |
Current Account Surplus, Inflation Rise
May 14, 4:19 PM EDT |
|
| Wholesales price in Japan rose in April, nearly at the same rate as in March. Current account surplus rose 16.1% in fiscal 2007. |
|
| Stocks in Japan traded in positive territory after NTT and Astellas Pharmacies increase dividends and share buyback. In Tokyo trading Nikkei 225 rose 1.18% or 164.82 at 14,118.55, and the broader Topix Index increased 1% or 12.99 at 1,373.04. The Bank of Japan reported that the Domestic Corporate Goods Price Index rose 3.7% from a year ago at 107.3 after adding 3.9% in March. |
|
|
Full
Story... |
| |
Fujistu, Isuzu Lift Stocks in Tokyo
May 13, 7:20 PM EDT |
|
| Tokyo stocks rallied after Fujitsu and Isuzu offered better than expected outlook. Fujistu rose 13% and led the gainers in Nikkei 225 index. |
|
| Japan stock indexes advanced on strong earnings results and forecasts from Fujitsu and Isuzu. Isuzu Motor Corp also reported yesterday that it expects net profit to rise 13.2% to 85 billion yen from 71 billion on higher sales in countries that produce raw materials. Fujitsu forecasts net income for the year will rise 107% to 100 billion yen from 48 billion in the fiscal 2007. |
|
|
Full
Story... |
| |
Konica, Orix Outlook Lifts Tokyo Stocks
May 12, 6:04 PM EDT |
|
| Stocks in Japan recovered after positive earnings guidance from Konica Minolta and Orix Corporation. |
|
| Stocks in Japan rose on strong earnings forecasts from Konica Minolta and Orix Corp. A weaker yen also helped exporters. Electric utility companies fell for the second week in a row on record crude oil prices. In Tokyo trading Nikkei 225 rose 0.6% or 88.02 to 13,743.36, and the broader Topix Index increased 0.08% or 1.03 at 1,342.79. |
|
|
Full
Story... |
| |
Tokyo Falls 2%; Bridgestone, Toyota Decline
May 09, 4:41 PM EDT |
|
| Stocks in Japan fell on rising crude oil prices, fears of rising inflation and weak profit outlook from Toyota, Olympus and other companies. |
|
| Nikkei 225 index in Tokyo trading fell 2.1% after weak earnings from Bridgestone and weaker outlook from Olympus and Toyota rattled investors. Toyota lowered its net sales and income for the current fiscal year. Bridgestone reported 1% decline in profit. Takeda Pharmaceuticals and Olympus lowered its outlook for the current fiscal year. In stock trading, utilities declined on record crude oil prices. Yokogawa Electric plunged 10% and led decliners in the index. |
|
|
Full
Story... |
| |
Tokyo Stocks Fall, Weak Toyota Outlook
May 08, 4:20 PM EDT |
|
| Stocks in Japan fell as financial stocks closed lower. Toyota Motor guided 5% lower sales in the current year. |
|
| Stocks in Japan tracked weakness in the U.S. and closed lower. Financial stocks fell the most on the worries that more losses may have to be taken on the new disclosure requirements from the U.S. regulatory agency SEC. Nikkei 225 index fell 1.3% to 13,943. Toyota Motor reported 9.8% rise in sales and 4.5% in earnings but offered lower sales and earnings outlook for the current year. |
|
|
Full
Story... |
| |
Tokyo Closed Higher, Inpex Surges
May 07, 3:31 PM EDT |
|
| Record price in crude oil prompted the Japanese government to impose tax of 25.10 yen per liter on petrol and 17.10 yen per liter of diesel. |
|
| Stocks in Japan advanced as rising crude oil prices topped $122 per barrel on further supply disruptions in Nigeria and elevated crude oil demand in the U.S, China and India. After the close, U.S. reported in its weekly oil inventory report a decline in Crude oil import by less than 5%. China, India and the U.S. continues to import crude oil at elevated level, despite oil trading above $122 a barrel. Average gasoline price in Japan rose nearly 6 yen in a week and reached 159.20 yen. |
|
|
Full
Story... |
| |
Stocks in Shanghai, HK Fall
May 07, 3:28 PM EDT |
|
| In Shanghai CSI 300 fell 4.7% and in Hong Kong Hang Seng declined 2.5%. Ping An fell 4.6%. |
|
| Stocks in Shanghai and Hong Kong fell after the worries on global economic health resurfaced. Rising crude oil prices and falling import of copper played in the trading sentiment. Crude oil surged above $122 a barrel dragging stocks of oil refiners and marketers. China restricts the price companies can charge. China also increased regulatory oversight on management incentives given to listed companies. |
|
|
Full
Story... |
| |
Refiners, Airlines Fall
May 06, 5:39 PM EDT |
|
| Rising crude oil prices hurt stocks of refineries and airlines. Prices of copper, zinc and aluminum fell on falling imports from China. |
|
| Hong Kong stock indexes ended fractionally up in volatile trading as rising oil prices dragged stocks of airlines and oil refiners. Hang Seng Index rose 0.30% to 26,262.13, and the China Enterprises Index of Hong Kong-listed mainland companies, or H shares, increased 0.18% to 14,651.29. In Shanghai trade, CSI 300 Index fell 1.1% to 4,010.89. Crude oil futures reached a record high in Shanghai and Hong Kong trading dragging stocks of refineries and airlines. |
|
|
Full
Story... |
| |
HK Stocks Decline, Shanghai Up
May 05, 4:56 PM EDT |
|
| Telecom stocks fell as speculation of management changes at China Unicom and China Mobile dominated trading desks. |
|
| China permitted more companies to open investment management operations, however the companies remained cautious. April consumer price inflation in China is expected to be near 8%, lower than in March and February. Angang Steel jumped 4% on the reports that Arcelor Mittal and Angang are in discussions to explore merger or stake sale. Retailer Maoye International fell below its offering price of HK$3.10 on its first day of trading. |
|
|
Full
Story... |
| |
1
2
3
4
5
6
7
8
9
10
|
|
