B flat on recordee9/20/2023 Panasonic jumped 5.98 percent to 1,374.5 yen after it announced a better-than-expected fourth-quarter operating profit and an optimistic full-year profit forecast. Nissan slipped 0.28 percent to 505.8 yen, ahead of its earnings report due later in the day. After the closing bell, the carmaker reported a 1.7 percent decline in its annual net loss for the past year to March, but for the current year it forecasts a 15.1 percent jump in net profit on-year. The US debt ceiling impasse is becoming more of a worry to investors, analysts added.Īmong major shares in Tokyo, SoftBank Group closed down 0.85 percent at 5,138 yen.Īfter the market close, the company said it had booked an annual net loss of over $7.2 billion after a bruising year for the tech startup sector in which it has heavily invested. While the report showed that inflation was still well above the Federal Reserve’s target, analysts said the improvement might be good enough to halt additional rate hikes. The US CPI, a key inflation gauge, rose 4.9 percent from a year ago in April, just slightly lower than March’s 5.0 percent figure. Overnight on Wall Street, the Dow ended 0.1 percent lower, but the S&P 500 added 0.5 percent and the tech-rich Nasdaq gained 1.0 percent. The greenback fetched 134.25 yen in Asian trade, down from 134.34 yen in New York and 135.34 yen in Tokyo on Wednesday. That in turn led to a higher yen against the dollar. US long-term yields lowered following an easing of worries about inflation after the US consumer price index (CPI) was in line with market expectations, analysts said. “As the dollar-yen is tipping towards a strong yen, export-related shares are facing sell orders,” IwaiCosmo Securities said in a note. The benchmark Nikkei 225 index closed up 0.02 percent, or 4.54 points, at 29,126.72, while the broader Topix index slipped 0.14 percent, or 2.82 points, to 2,083.09. TOKYO: Tokyo’s key Nikkei index closed flat Thursday, following a mixed US close after much-anticipated US consumer price data matched market expectations, with investors watching corporate earnings reports in Japan.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |