Investing.com - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Japan shares at 6-week high as banks, exporters, Apple suppliers shine

Published 09/11/2019, 10:34 AM
Updated 09/11/2019, 10:40 AM
Japan shares at 6-week high as banks, exporters, Apple suppliers shine
TOPX
-
7267
-
7270
-
4568
-
6479
-
6770
-
8306
-
8308
-
8316
-
8354
-
8411
-
6981
-
7186
-
7203
-

By Stanley White
TOKYO, Sept 11 (Reuters) - Japanese stocks rose to a
six-week high on Wednesday as bank shares extended recent gains
thanks to rising bond yields, while major exporters reaped the
rewards of a faltering yen.
Suppliers to Apple Inc APPL.O also gained after the
California-based tech company announced a new lineup of iPhones.
At 0152 GMT, the Nikkei index was up 0.45% at 21,489.40
after earlier rising to 21,504.04, the highest since Aug. 1.
There were 193 advancers on the benchmark index against 30
decliners.
The largest percentage gainers were Fukuoka Financial Group
Inc 8354.T , up 7.48 %, followed by Concordia Financial Group
Ltd 7186.T gaining 6.33% and Resona Holdings Inc 8308.T up
by 5.94%.
The broader Topix .TOPX rose 0.87% to 1,571.52.
Japanese mega-bank shares rallied. Mitsubishi UFJ Financial
Group Inc 8306.T was up 3.87%, Sumitomo Mitsui Financial Group
Inc 8316.T rose 2.54%, and shares in Mizuho Financial Group
Inc 8411.T climbed 1.52%.
Yields on major government bonds have risen sharply
recently, which eases the path for Japan's banks to earn profits
on lending.
Toyota Motor Corp 7203.T rose 0.9%, Honda Motor Co
7267.T climbed 1.76% and Subaru Corp 7270.T gained 1.4% as a
weaker yen boosts exporters' earnings.
Japan-based Apple suppliers Murata Manufacturing Co 6981.T
rose 1.54%, Alps Alpine Co 6770.T jumped 3.05%, and Minebea
Mitsumi Inc 6479.T advanced 1.93%.
Daiichi Sankyo Co 4568.T , down 3.72%, was among the
largest percentage losses in the Nikkei index

(Editing by Shri Navaratnam)

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.