Business Topics

May 3, 2013

Nikkei drops again ahead of four-day weekend

Stocks lost further ground Thursday, pressured by a drop on Wall Street overnight brought on by worries over a slowing U.S. economic recovery and position-adjustment selling ahead of the four-day weekend here. The Nikkei 225 average closed 105.31 points lower at 13,694.04, extending its ...

May 2, 2013

Global fears push dollar below ¥97.50

The dollar fell below ¥97.50 in Tokyo trading Wednesday as weak readings in U.S. and other overseas economic data raised concerns over the global economic outlook. At 5 p.m., the dollar stood at ¥97.44-45, down from ¥97.80-80 at the same time Tuesday. The euro ...

May 2, 2013

Nikkei drifts back as yen firms ahead of U.S. data

Stocks fell modestly Wednesday, pressured by profit-taking after the yen climbed further against the dollar. The Nikkei 225 closed down 61.51 points at 13,799.35, extending its losing streak to a third session. The Topix fell 6.76 points to end at 1,158.37. Selling gained the ...

May 1, 2013

Greenback plunges below ¥98

The dollar hovered on a weak note mostly below ¥98 in Tokyo trading Tuesday as active trading was held in check in the midst of Golden Week. At 5 p.m., the dollar stood at ¥97.80-80, down from ¥98.58-60 at the same time Friday. The ...

May 1, 2013

Drop in export companies sends Nikkei lower

The Nikkei 225 lost ground Tuesday as mainstay export-oriented issues came under selling pressure due to the yen’s rise. The average closed down 23.27 points at 13,860.86. On Friday, the key market gauge slipped 41.95 points. The market was closed Monday for Showa Day. ...

Apr 26, 2013

Nikkei keeps climbing, surpasses 13,900 mark

Stocks climbed higher Thursday on the back of investors’ strong buying appetite, allowing the Nikkei 225 to end above 13,900. The key gauge rose 82.62 points to close at 13,926.08, its best finish since June 20, 2008. On Wednesday, the Nikkei surged 313.81 points. ...

Apr 26, 2013

Dollar dips ahead of key events

The dollar fell below ¥99.30 in Tokyo on Thursday as profit-taking intensified ahead of major economic events Friday. At 5 p.m., the dollar was quoted at ¥99.20-24, down from ¥99.50-50 at the same time Wednesday. The euro stood at $1.3031-3032, up from $1.2991-2994, and ...

Apr 25, 2013

Nikkei climbs to highest close since June 2008

Stocks rose sharply Wednesday, boosted by rosy U.S. equities and a weakening of the yen. The Nikkei 225 average surged 313.81 points, or 2.32 percent, to end at the day’s high of 13,843.46, its best close since June 24, 2008. The Topix shot up ...

Apr 25, 2013

Greenback bounces back to ¥99.50

The dollar firmed at around ¥99.50 in Tokyo late Wednesday as dollar purchases were spurred by higher stock prices in and outside Japan, as well as brisk U.S. economic data. At 5 p.m., the dollar was quoted at ¥99.50-50, up from ¥98.63-67 at the ...

Apr 24, 2013

Dollar falls on sluggish offshore data

The dollar fell below ¥99 in Tokyo on Tuesday, dampened by sales that stemmed from sluggish economic indicators in the United States and China. At 5 p.m., the dollar was quoted at ¥98.63-67, down from ¥99.69-70 at the same time Monday. The euro stood ...

Apr 24, 2013

More listed firms split stock to make shares affordable

An increasing number of listed companies are implementing stock splits to make their shares more affordable to individual investors. This year alone, 148 listed companies carried out stock splits or announced plans to do so, according to a Jiji Press survey. Just 139 companies ...

Apr 24, 2013

Nikkei slips into negative territory on yen's rise

Stocks turned lower Tuesday, pressured by profit-taking amid the yen’s strengthening against other major currencies. The Nikkei 225 closed down 38.72 points at 13,529.65. On Monday, the key market gauge surged 251.89 points. The Topix slumped 1.82 points to end at 1,143.78 after rising ...