Tokyo stocks end up 0.22%

Tokyo stocks rose 0.22 percent on Thursday as late buying offset early losses after US data showed the world's biggest economy unexpectedly shrank in the last quarter of 2012.

The benchmark Nikkei 225 index gained 24.71 points to 11,138.66 after it soared 2.28 percent Wednesday to its highest close in nearly three years thanks to a weaker yen.

The broader Topix index of all first-section shares was up 0.60 percent, or 5.58 points, at 940.25.

In early trading, dealers took a cue from Wall Street, where the three main indexes fell after the Commerce Department said the world's biggest economy contracted 0.1 percent in the October-December period.

The Dow, which closed near a record high on Tuesday, slipped 0.32 percent.

"Players cashed in on (the Nikkei's) recent gain in early trading," said Hirokazu Fujiki, strategist at Okasan Securities in Tokyo.

"But they started buying back shares in late trading on expected brisk earnings of Japanese companies, which underlined the current bullish sentiment," Fujiki added.

Just before the opening bell, official data showed Japan's industrial output for December rose 2.5 percent from the previous month thanks to brisk production of cars and semiconductors.

However, while the government said the figure indicated the sector had bottomed out, it missed market expectations of a 4.0 percent expansion, while over the full year, output slipped 0.3 percent.

Videogame giant Nintendo tumbled 4.59 percent to 8,920 yen after saying Wednesday it returned to profit in the nine months to December, but warned it was chopping its sales expectations for the new Wii U games console.

Firms linked to Boeing's troubled 787 Dreamliner were mixed.

All Nippon Airways lost 0.55 percent to 179 yen, while rival Japan Airlines rose 0.80 percent at 3,780 yen.

The 787 suffered a series of glitches earlier this month, prompting a global alert from the US Federal Aviation Administration that led to the worldwide grounding of all 50 of the planes in operation.

In afternoon forex trade, the dollar weakened to 90.91 yen from 91.05 yen in New York Wednesday, while the euro bought 123.24 yen from 123.54 yen.

The single currency $1.3555, from $1.3567.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Deutsche Boerse, LSE submit merger to EU regulators for approval
    Deutsche Boerse, LSE submit merger to EU regulators for approval Reuters - 4 minutes 53 seconds ago

    Deutsche Boerse and the London Stock Exchange Group have submitted their $29 billion merger deal to European Union competition regulators ahead of a Sept. 28 deadline for a preliminary review. The European Commission's antitrust department, whose … More »

  • European equities slide in choppy trade
    European equities slide in choppy trade AFP News - 9 minutes ago

    European stocks slid Thursday in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen. In late morning deals, Frankfurt sank 1.0 percent, London lost 0.3 percent and … More »

  • Michaels meets 2Q profit forecasts Associated Press - 10 minutes ago

    On a per-share basis, the Irving, Texas-based company said it had net income of 17 cents. The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research ... … More »

  • Turkey sends more tanks to Syria, warns Kurdish militia
    Turkey sends more tanks to Syria, warns Kurdish militia AFP News - 20 minutes ago

    Turkey on Tuesday sent more tanks into Syria and sternly warned a Kurdish militia to withdraw from frontline positions, a day after pro-Ankara Syrian opposition fighters captured a key border town from jihadists. The tanks joined those which … More »

  • Brexit hits German business morale, Ifo index plunges
    Brexit hits German business morale, Ifo index plunges Reuters - 22 minutes ago

    The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to 106.2 in August from 108.3 in July. "Business confidence in Germany has clearly worsened," Ifo head Clemens Fuest said … More »

  • Global stocks wilt ahead of Fed gathering, dollar wobbles Reuters - 28 minutes ago

    European stocks saw their biggest fall in three weeks on Thursday and currency markets were noticeably subdued as investors took to sidelines ahead of one of the big global central banker gatherings of the year. Japanese and Chinese stocks had … More »

  • 'Bogan', 'ranga', 'rurosexual' added to Australian dictionary
    'Bogan', 'ranga', 'rurosexual' added to Australian dictionary AFP News - 30 minutes ago

    Heading Down Under where locals are "dry as a dead dingo's donger" and beachgoers don "budgie smugglers", but unsure what this means? The second edition of the Australian National Dictionary -- a heavy two-tome hardback containing the definitions … More »

  • Gold holds above four-week low, awaits clues on Fed rate hike
    Gold holds above four-week low, awaits clues on Fed rate hike Reuters - 35 minutes ago

    Yellen is scheduled to address a meeting of central bankers in Jackson Hole, Wyoming, on Friday, and recent comments from Fed policymakers have raised investors' expectations that she might adopt a less cautious tone on rates. "Investors are … More »

  • Medtronic tops 1Q profit forecasts Associated Press - 36 minutes ago

    The Dublin-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.03 per share. The results beat Wall Street expectations. The average estimate ... … More »

  • Oil prices fall as hopes of production freeze fade
    Oil prices fall as hopes of production freeze fade Reuters - 36 minutes ago

    Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze. U.S. light crude oil was down 5 cents at $46.72 a barrel, after dropping 2.8 percent on Wednesday. Oil prices rose more than 20 percent in … More »

  • South Korea offers Tokyo-funded money to 'comfort women'
    South Korea offers Tokyo-funded money to 'comfort women' AFP News - 38 minutes ago

    South Korea said Thursday it will offer each surviving victim of Japan's wartime sexual enslavement 100 million won (US$89,581) using funds provided by Tokyo, an offer quickly rejected by some of the women. The plight of the so-called "comfort … More »

  • This Philippines bitcoin firm has acquired a defunct Silicon Valley company
    This Philippines bitcoin firm has acquired a defunct Silicon Valley company e27 - 43 minutes ago

     The makers of Rebit.ph, Bitbit.cash, and PrepaidBitcoin.ph now have a partner in the world’s biggest tech ecoystem What kind of company would be magnanimous — or foolhardy — enough to pull another company out from the grave? Philippines-based … More »

  • Chinese telecom firm ZTE books 9.3 percent rise in first half profit on 4G growth
    Chinese telecom firm ZTE books 9.3 percent rise in first half profit on 4G growth Reuters - 49 minutes ago

    Chinese telecom equipment maker ZTE Corp on Thursday booked a 9.3 percent rise in first-half net profit as China's adoption of fourth-generation (4G) mobile technology offset the impact of restrictions on its U.S. operations. Profit reached 1.8 … More »

  • Malaysia's AirAsia values leasing unit at $1 bln -analyst presentation Reuters - 55 minutes ago

    AirAsia Bhd, Asia's biggest low-cost airline, values its wholly owned leasing arm at 4.1 billion ringgit ($1 billion), and aims to attract an equity investor to the unit by end-2016, it said in a presentation to analysts. The Malaysian airline aims … More »

  • Europe Stocks Snap Three-Day Winning Streak as All Await Yellen Bloomberg - 58 minutes ago

    The Stoxx Europe 600 Index slid 0.8 percent to 342.24 at 11:27 a.m. in London, with almost all industry groups falling. Germany’s equity benchmark DAX Index fell 0.9 percent, for the biggest decline among major western-European markets, as a report … More »

  • Chinese telecom firm ZTE books 9.3 percent rise in H1 profit on 4G growth
    Chinese telecom firm ZTE books 9.3 percent rise in H1 profit on 4G growth Reuters - 1 hour 4 minutes ago

    Chinese telecom equipment maker ZTE Corp on Thursday booked a 9.3 percent rise in first-half net profit as China's adoption of fourth-generation (4G) mobile technology offset the impact of restrictions on its U.S. operations. Profit reached 1.8 … More »

  • SE Asia Stocks-Indonesia gains; market subdued ahead of Yellen speech Reuters - 1 hour 4 minutes ago

    Aug 25 (Reuters) - Indonesian shares gained nearly 1 percent on Thursday while other markets in the region were largely lacklustre as investors awaited cues on U.S. interest rates from Federal Reserve ... … More »

  • London mayor criticises burkini ban before Paris visit
    London mayor criticises burkini ban before Paris visit AFP News - 1 hour 11 minutes ago

    London Mayor Sadiq Khan spoke out against the banning of the Islamic burkini swimsuit in France as he headed to Paris Thursday for talks with his French counterpart. It's as simple as that," he told the London Evening Standard newspaper. Khan is … More »

  • Investor group rebukes Sports Direct, wants review of management Reuters - 1 hour 12 minutes ago

    An investor group whose members manage 850 billion pounds of UK equities has taken the unusual step of publicly rebuking the management of Sports Direct and calling for an independent review. The Investor Forum, which speaks for some 12 percent of … More »

  • Russia frees Japanese man held on disputed Kunashir island
    Russia frees Japanese man held on disputed Kunashir island AFP News - 1 hour 20 minutes ago

    Russia has released a Japanese citizen detained on a disputed island claimed by both countries, Tokyo's foreign ministry said Thursday, ahead of diplomatic talks on the long-running territorial dispute. Tokyo and Moscow are working to resolve … More »

  • Malaysian (and ASEAN) banks need to step up their digital game plan
    Malaysian (and ASEAN) banks need to step up their digital game plan e27 - 1 hour 25 minutes ago

    To fully embrace the digital scene, banks need to be more open in terms of working with key players to push local business into adapting the competitive environment Digitalisation is taking the global economy by storm, Malaysia and the rest of the … More »

  • Maybank Posts Third Straight Profit Drop on Loan Impairments (2) Bloomberg - 1 hour 34 minutes ago

    Net income fell to 1.16 billion ringgit ($288 million) in the three months through June from 1.58 billion ringgit a year earlier, the Kuala Lumpur-based company said in a stock exchange filing on Thursday. Maybank reiterated its “vigilance” over … More »

  • RTL revenues slide as FremantleMedia disappoints
    RTL revenues slide as FremantleMedia disappoints Reuters - 1 hour 34 minutes ago

    European broadcast group RTL reported a 2 percent decline in sales in the second quarter due to lower revenues at production unit FremantleMedia and competition for advertising revenue from the UEFA European soccer championship. The result missed … More »

  • Chinese envoy tells Australian PM to fight 'protectionism' together - ABC Reuters - 1 hour 36 minutes ago

    China's ambassador told Prime Minister Malcolm Turnbull that their countries should fight protectionism together during a meeting a week after two Chinese firms were blocked from buying a stake in Australia's biggest power grid, broadcaster ABC … More »

  • European Stocks Retreat as Dollar Rally Fades Before Yellen Bloomberg - 1 hour 52 minutes ago

    Equity markets retreated in Europe as an unexpected drop in German business sentiment signaled companies remained cautious after Britain’s decision to quit the European Union. Iron ore fell on the prospect of shrinking steel production in China and … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.128-0.001-0.78%
    N21.SI
    0.355-0.010-2.74%
    E5H.SI
    0.59-0.01-1.67%
    5TP.SI
    1.00+0.01+1.01%
    Y92.SI
    0.785-0.010-1.26%
    BS6.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.09+26.76%
    AYB.SI
    0.465+0.080+20.78%
    E8Z.SI
    0.16+0.02+14.29%
    UV1.SI
    0.20+0.02+11.11%
    BGO.SI
    0.188+0.018+10.59%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.35-0.10-22.22%
    BFK.SI
    0.185-0.040-17.78%
    Y35.SI
    0.40-0.06-13.04%
    BBW.SI
    0.20-0.03-13.04%
    AWI.SI
    0.194-0.026-11.82%
    BLZ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3528-0.0009-0.07%
    USDSGD=X
    1.5270+0.0021+0.14%
    EURSGD=X
    1.7854-0.0052-0.29%
    GBPSGD=X
    74.1860+0.043+0.06%
    SGDJPY=X
    5.7295+0.0059+0.10%
    SGDHKD=X
    2.9693-0.0076-0.26%
    SGDMYR=X
    9,785.7188+2.4775+0.03%
    SGDIDR=X
    4.9202+0.0069+0.14%
    SGDCNY=X
    1.0300-0.0007-0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,327.30-2.40-0.18%
    GCZ16.CMX
    18.49-0.07-0.36%
    SIU16.CMX
    95.34-8.55-8.23%
    ^XAU
    2.08+0.01+0.26%
    HGU16.CMX
    46.46-0.31-0.66%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56+0.01
    ^TNX
    2.24+0.01
    ^TYX