Mar 1, 2013

Nikkei rallies on U.S. gains, month-end buying

Stocks bounced back sharply Thursday, buoyed by hefty gains on Wall Street and purchases from fund managers attempting to spruce up their portfolios at the end of the month. The Nikkei 225 average closed up 305.39 points, or 2.71 percent, at 11,559.36. On Wednesday, ...

Feb 28, 2013

Nikkei drops further on Italian political turmoil

Stocks lost further ground Wednesday on concerns over the political turmoil on Italy. The Nikkei 225 closed down 144.84 points at the day’s low of 11,253.97 after diving 263.71 points Tuesday. The Topix slumped 13.05 points to end at 953.72 after losing 13.93 points ...

Feb 27, 2013

Nikkei tumbles on yen rise, European worries

Stocks fell sharply Tuesday, pressured by heavy selling on the back of the yen’s upsurge and rekindled concerns over the European debt crisis after Italy’s general election. The Nikkei 225 average closed down 263.71 points, or 2.26 percent, at 11,398.81. On Monday, the key ...

Feb 26, 2013

Muddle in Italy sends stocks down

U.S. stocks are having a bad flashback to last spring, when fears of the European debt crisis sent the market spiraling lower. On Monday, election results in Italy showed a potential hung Parliament, leaving investors fearful that the country will be unable to move ...

Feb 26, 2013

Government to sell massive JT stake

The government said Monday it will sell a stake in Japan Tobacco Inc. worth nearly ¥1 trillion to help cover reconstruction costs for the 2011 earthquake and tsunami in the country’s largest share offering since 2010. The Finance Ministry owns about 1 billion shares, ...

Feb 26, 2013

Nikkei hits 52-month closing high on BOJ governor pick

Stocks scored robust gains Monday, inspired by a reported government selection of the Bank of Japan’s new chief and expectations of the country’s entry into Trans-Pacific Partnership free-trade negotiations. The Nikkei 225 average improved by 276.58 points, or 2.43 percent, to finish at the ...

Feb 22, 2013

Nikkei surrenders 159 points on profit-taking

Stocks fell Thursday, pressured by profit-taking and falls in overseas equities. The Nikkei 225 average dropped 159.15 points, or 1.39 percent, to finish the day at 11,309.13. On Wednesday, the key market gauge gained 95.94 points. The Topix eased 10.84 points, or 1.11 percent, ...

Feb 21, 2013

Dow record is in sight amid talk of more mergers

Talk of more deal-making sent the stock market higher Tuesday, putting the Dow Jones industrial average within close reach of its all-time high. Reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were ...

Feb 21, 2013

Nikkei closes at 52-month high on overseas gains

Stocks rose Wednesday, bolstered by overnight gains in European and U.S. equities, with the Nikkei 225 average ending at a 52-month high. The Nikkei rose 95.94 points to hit 11,468.28, its best finish since Sept. 29, 2008, after briefly topping 11,500. The Topix gained ...

Feb 20, 2013

Stocks fall in Europe after G-20 talks

Europe’s main stock markets mostly fell on Monday after a weekend meeting of the Group of 20 leading economies ended with Japan being spared an accusation of unfairly devaluing its currency. London’s FTSE 100 index of leading companies slid 0.16 percent to 6,318.19 points, ...

Feb 20, 2013

Nikkei retreats modestly on profit-taking moves

The Nikkei 225 average fell back Tuesday, pressured by profit-taking after the previous day’s surge, but investors’ continuing eagerness to buy Japanese stocks limited its loss. The Nikkei closed down 35.53 points, or 0.31 percent, at 11,372.34. But the Topix edged up 0.92 point, ...