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TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning on lingering worries over North Korea, with the yen strengthening against its major peers due partly to its status as a safe haven currency. The benchmark Nikkei 225 index fell 0.31 percent, or 59.94 points, to 19,325.87 by the break — a four-month low — while the broader Topix index was down 0.20 percent, or 3.20 points, at 1,587.51. “No one knows if the issues around […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Tuesday morning, with investors keeping a nervous eye on any fresh developments in the North Korea nuclear crisis. Traders stayed on alert as South Korea said there were signs the North was preparing another rocket launch, possibly an intercontinental ballistic missile similar to the one fired over Japan last week. Tensions on the Korean peninsula spiked after Pyongyang conducted its sixth nuclear test on Sunday — sparking global […]
TOKYO, Japan (AFP) — Toshiba said Thursday that three groups are vying for its memory chip business, as reports said Apple has jumped into the race with a consortium offering to pay about $20 billion for the unit. The loss-hit conglomerate said bidders include a group led by US investment fund Bain Capital and Japanese state-backed investors and another that includes Taiwan’s Hon Hai Precision, better known as Foxconn. A third consortium includes Western Digital, […]
TOKYO, Japan (AFP) — Tokyo’s benchmark stock index fell to its lowest level in almost four months Monday on concerns about Donald Trump’s stalled economic agenda and as South Korea and the US kicked off annual war games that anger Pyongyang. Investors are fretting over the outlook for Trump’s plans on tax reform and other market-friendly measures, as his support from corporate America evaporated following a heavily criticized response to a white supremacist rally. “Uncertainty […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Monday morning as lingering worries about the war of words between the United States and North Korea offset better-than-expected Japanese economic growth. The market headed south as investors returned from a three-day holiday weekend in Japan, after geopolitical tensions dented overseas markets on Friday. Central Intelligence Agency director Mike Pompeo tried to lower the temperature at the weekend, offering assurances there was “nothing imminent” in the escalating stand-off […]
TOKYO, Japan (AFP) — Tokyo stocks were flat Thursday morning after a sell-off the previous day sparked by fears over United States-North Korea tensions, while Japanese cosmetic giant Shiseido surged on upbeat earnings. Global markets tumbled Wednesday as US President Donald Trump and North Korean leader Kim Jong-Un ratcheted up their confrontational rhetoric, with the nuclear-armed North rolling out a plan to launch missiles towards the US Pacific territory of Guam. Trump had stunned the world […]
TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, following a strong lead from Wall Street after a better-than-expected jobs report, while a weak yen boosted exporters. New York rallied Friday after government data showed that the US economy generated 222,000 jobs last month, far above market expectations. “Although the announcement was made on Friday, the positive energy remained strong enough to sustain the market today,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. The […]
TOKYO, Japan (AFP) — Tokyo stocks sank more than one percent Friday morning, tracking sharp losses in United States and European markets, with technology firms among the worst hit. The benchmark Nikkei 225 fell 1.09 percent, or 219.42 points, to 20,000.88 by the break, while the Topix index of all first-section issues was down 0.88 percent, or 14.29 points, at 1,609.78. “There’s been profit-taking in certain tech shares, which have rallied recently,” said Toshikazu Horiuchi, […]
TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, tracking a record close for the Dow on Wall Street, with exporters boosted by a weaker yen as data showed Japan saw a surprise trade deficit in May. The benchmark Nikkei 225 index gained 0.60 percent, or 118.93 points, to 20,062.19 by the break while the Topix index of all first-section issues was up 0.61 percent, or 9.69 points, at 1,605.73. Japan logged a surprise deficit […]
by Miwa Suzuki Agence France-Presse TOKYO, Japan (AFP) — Japan has posted its longest economic expansion in over a decade, government data showed Thursday, marking a win for Tokyo’s growth bid even though its battle to conquer deflation is still far from won. The world’s number three economy grew 0.5 percent in the first quarter — or an annualized 2.2 percent. That was the fifth straight rise and up from a 0.3 percent expansion in the […]
HONG KONG, China (AFP) — Asia stocks retreated Monday as tensions on the Korean peninsula weighed on sentiment, but data showing China’s GDP growth was higher than expected in the first quarter was a positive sign for the world’s second largest economy. Tensions between Pyongyang and Washington have soared in recent weeks as a series of North Korean weapons tests have wrought ever-more bellicose warnings from US President Donald Trump’s administration. During a visit to […]
TOKYO, Japan (AFP) — Tokyo stocks fell Thursday morning as profit-taking and a stronger yen overshadowed a fifth successive record close on Wall Street. New York’s three main indexes pressed on with their surge after figures showed US inflation hit a four-year high in January, fuelling bets on an interest rate hike soon. US equities have soared since President Donald Trump last week vowed to release details of his promised tax cut plan within two […]
