|Day's range||19,235.96 - 19,500.07|
|52-week range||16,358.19 - 24,115.95|
Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. The price of oil fell back after major oil-producing countries struggled to finalize a deal on output cuts.
Tokyo stocks closed higher on Friday, extending rallies on Wall Street after the US Federal Reserve unveiled another round of massive stimulus. The Nikkei 225 index rose 0.79 percent, or 152.73 points, to 19,498.50 while the broader Topix index gained 0.92 percent, or 13.06 points, to 1,430.04. The Nikkei opened higher, taking a positive lead from Wall Street, where stocks advanced after the Federal Reserve unveiled new stimulus that offset news of another huge spike in jobless claims.
Tokyo's benchmark Nikkei index closed marginally lower on Thursday, as hopes for the impact of a massive Japanese economic package were offset by worries over the ongoing coronavirus pandemic. The Nikkei 225 index lost 0.04 percent, or 7.47 points, to 19,345.77, with brokers attributing its lower open to investors cashing in after gains in four straight sessions. The broader Topix index slipped 0.60 percent, or 8.49 points, at 1,416.98.
Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. Many regional markets were closed. Stock investors expected such dismal numbers, and some are looking ahead to a possible reopening of the economy.
Nissan Motor Co Ltd has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said. As the virus decimates car demand and disrupts production across the industry, Nissan is particularly vulnerable, still reeling from sharp drops in profits after decades of aggressive expansion as well as management chaos due to the scandal surrounding ousted leader Carlos Ghosn. Nissan is requesting the 500 billion yen in funding given the possibility the impact of the coronavirus on production and demand could continue for an extended period, one of the people said.
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge. Oil prices were up about 2%, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus. The U.S. central bank said it would begin buying municipal bonds issued by state and local governments in order to help them respond to the health crisis.
Tokyo stocks opened slightly lower Thursday, as expectations for the impact of a massive Japanese economic package were offset by worries over the continuing coronavirus pandemic. "Japanese stock trade is in a state of tug-of-war between the impact of the state of emergency (declared this week) and expectations for the effects of the economic package," Okasan Online Securities chief strategist Yoshihiro Ito said in a note. Uniqlo casual wear operator Fast Retailing was down 0.15 percent at 46,350 yen ahead of its earnings report due late in the day.
Some headlines are focusing on China’s recovery from the impact of the coronavirus, while others are following the tightening of restrictions as countries in the region continue to report new coronavirus cases and deaths.
Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory. Shares rose in Hong Kong, Sydney and Shanghai. “Risk assets continued to rally on the perception that the global economy will open up again quicker than expected," Stephen Innes of AxiCorp said in a commentary.
Tokyo's benchmark Nikkei index advanced more than two percent Wednesday, helped by a weaker yen and a $1 trillion stimulus package Japan's prime minister announced as he declared a state of emergency. The benchmark Nikkei 225 index gained 2.13 percent, or 403.06 points, to close at 19,353.24, while the broader Topic index rose 1.59 percent, or 22.26 points, to 1,425.47. "Tokyo shares are supported by the emergency package... and a weaker yen trading around the high-108 level," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.
Tokyo stocks were higher at the open on Wednesday but quickly slipped into the red as investors weighed mixed signals over the coronavirus that is hammering the global economy. "Japanese shares are seen top-heavy after the Dow's rally in New York fizzled," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary. Investors shrugged off the much-trailed declaration of a state of emergency in Japan, made official late Tuesday.
Tokyo stocks opened higher on Wednesday as investors cautiously welcomed tentative signs of an improvement in the coronavirus crisis battering the global economy. The benchmark Nikkei 225 index climbed ...
World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way. After U.S. stock markets closed on Tuesday, President Donald Trump said the United States may be getting to the top of the coronavirus curve, suggesting the number of cases and fatalities may be approaching a peak. The Trump administration asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the impact of the outbreak.
World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk. Oil prices climbed on hopes of a deal to decrease supply, while the euro jumped against the greenback after six sessions of declines. Japan's Nikkei posted a 2% gain overnight as its government promised a near $1 trillion stimulus package - equal to a fifth of its gross domestic product.
As companies suspend operations, scrap dividends and send employees home, their top executives are facing demands to make sacrifices of their own. In the US, the salary-sacrificing announcements began with executives from the likes of Delta Air Lines and United Airlines, whose companies were among the first and hardest hit — and who knew early on that they would need to appeal for government support. More than 70 US companies have announced their executives would take full or partial salary cuts this year, including Marriott chief Arne Sorenson (pictured above) who is donating his salary to charities supporting Covid-19 relief efforts “for the duration” of the crisis.
Japanese Prime Minister Shinzo Abe on Tuesday unveiled plans for a stimulus package. Australian shares reversed course to end lower on Tuesday after the central bank’s cautious commentary on the country’s near-term economic fortunes.
Japan's Nikkei 225 inched up 0.1% to 18,974.06 in morning trading. The rally on Wall Street suddenly vanished in a market dominated by sharp swings responding to the ups and downs of the news about the pandemic. “The recent risk rally faded quickly despite recent stimulus efforts from both monetary and fiscal authorities, with market players coming to terms with the unabated rise in fatalities as the virus continues to spread,” Prakash Sakpal and Nicholas Mapa, economists at ING, said in a report.
Tokyo's benchmark Nikkei index jumped more than two percent on Tuesday, extending rallies on Wall Street, as some of the world's worst-hit countries reported falling coronavirus death rates. The Nikkei 225 index, which surged more than four percent on Monday, advanced 2.01 percent, or 373.88 points, to close at 18,950.18, while the broader Topix index was up 1.96 percent, or 26.91 points, at 1,403.21. The Nikkei index temporarily topped three percent in early trade after global equity markets rebounded strongly.
Asian stock markets rallied for a second day on Tuesday, and riskier currencies rose, buoyed by tentative signs the coronavirus crisis may be levelling off in New York and receding in Europe. Gains lacked Monday's momentum, but were broad, even though global coronavirus cases kept rising and an economic crash on a scale not seen for generations looms large. The United States is bracing for its toughest week yet as the death toll climbs above 10,000 while across the Atlantic, British Prime Minister Boris Johnson has entered intensive care after his COVID-19 symptoms worsened.
Tokyo's key Nikkei 225 index opened more than three percent higher on Tuesday, extending rallies on Wall Street as some of the world's worst-hit countries reported falling coronavirus death rates. The benchmark Nikkei 225 index rose 3.07 percent or 570.11 points to 19,146.41 in early trade, while the broader Topix index was up 2.75 percent or 37.80 points at 1,414.10. "Tokyo stocks are seen rising backed by surges in the US market, after the death toll in New York State turned to a decline and the number of new deaths are being curbed in Italy and Spain," Toshiyuki Kanayama, senior market analyst at Monex, said in a commentary.
Oil prices fell on the opening in reaction to the news, but recovered losses in the afternoon of Asian trading hours, underpinning stock prices.
Tokyo's key Nikkei index closed more than four percent higher on Monday as investors reacted positively to reports suggesting a slowing daily death toll from coronavirus in Europe. The benchmark Nikkei 225 index rose 4.24 percent, or 756.11 points, to close at 18,576.30, while the broader Topix jumped 3.86 percent, or 51.17 points, to 1,376.30. "Traders reacted positively to reports on a slowing death toll in Italy and Spain," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.
Hopes the global pandemic is nearing a peak gave investors a boost on Thursday (April 9). European stock markets gained for a fourth straight day. Investors were betting on governments rolling out further stimulus, with focus shifting to a meeting of EU finance ministers to discuss a rescue package. The pan-European STOXX 600 index was up 1.7% in early trade. Battered travel and leisure stocks, autos and miners led the early gains. The benchmark index has rebounded more than 5% this week but is still about 24% below its record high. Asian shares also rose. MSCI's broadest index of Asia-Pacific shares outside Japan was up nearly a percent. Japan's Nikkei bucked the trend and closed flat as infections in the country rose. In the U.S., the New York Governor said the state's efforts at social distancing were working in getting the virus under control But the number of U.S. jobless claims — the most timely data on economic health — likely totalled 15 million in the last three weeks. And economists expect U.S. job losses of up to 20 million in April. Oil and gas stocks bounced 1.9% ahead of a meeting of the world's largest oil producers to discuss production cuts. With Royal Dutch Shell gaining more than 3 percent.
So much for hopes that the worldwide crisis could be peaking. Global stocks turned negative again Wednesday (April 8) as traders took in the latest evidence. That included a record death toll the day before in the U.S., and a doubling in new cases in China. Most Asian indexes closed in the red as a result. Hong Kong's Hang Seng fell over 1%. Japan's Nikkei was the exception, gaining over 2%. Markets welcomed Tokyo's decision to declare a state of emergency and step up action against the outbreak. No such positivity in Europe though, where key indexes all fell from the open. The regional Stoxx 600 dropped over 1% in early trade, snapping two days of sharp gains. Shares in Tesco dropped 4% after the UK supermarket said the crisis would cost it over $1 billion. Big UK insurers tumbled after they scrapped dividends to preserve cash. Aviva was down as much as 9%. Fresh signs of broader economic pain too. Germany's leading economic institutes said Wednesday that the country's economy would probably shrink almost 10% in the second quarter. That's more than twice as bad as the early stages of the global financial crisis a decade ago.