Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Japanese shares rebound on Wall Street gains, yen's pullback

Published 08/03/2020, 11:41 AM
Updated 08/03/2020, 11:50 AM
JP225
-
TOPX
-
7261
-
9064
-
3382
-
6861
-
6981
-
9792
-

TOKYO, Aug 3 (Reuters) - Japanese shares snapped six
consecutive sessions of losses on Monday, as markets tracked
Wall Street's Friday rally on a flurry of strong earnings
reports, and the yen retreated from a 4-1/2-month high against
the dollar.
The benchmark Nikkei share average .N225 advanced 1.91% to
22,123.93 by the midday break, after shedding 4.6% last week.
The broader Topix .TOPX gained 1.31% to 1,515.60,
recovering from a two-month-low and its biggest daily loss in
four months recorded on Friday.
Wall Street's all three major indexes advanced on Friday,
powered by strong earnings results from U.S. tech giants,
including Apple Inc, Amazon.com and Facebook Inc. .N
In the currency market, the yen fell to a low of 106.40 yen
against the dollar, moving away from a 4-1/2-month high of
104.195 yen touched on Friday.
Among individual stocks, Yamato Holdings Co Ltd 9064.T
rose 5.16% as the company forecast a 43.2% jump in operating
profit for the fiscal year.
Murata Manufacturing Co Ltd 6981.T gained 1.15% after the
company left its full-year operating profit forecast unchanged.
Keyence Corporation 6861.T fell 3.93% after the factory
automation equipment maker logged a 21.9% decline in its
March-June operating profit.
Mazda Motor 7261.T slipped 3.21% as the automaker posted
an operating loss of 45.3 billion yen for the first quarter, its
weakest in 11 years, and forecast a record annual operating
loss. Elsewhere, Nichiigakkan Co Ltd 9792.T surged 8.38% after
U.S. investment firm Bain Capital made a sweetened offer price
at $1.2 billion. Seven & i Holdings Co Ltd 3382.T dipped 8.05% after the
retail group said it would buy U.S. gas stations Speedway from
Marathon Petroleum, as some investors viewed the deal price to
be too high amid a coronavirus-led economic slowdown.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.