Share

Tokyo shares end marginally higher ahead of US data

Tokyo shares closed marginally higher on Thursday ahead of the release of key US economic data later in the day.

The benchmark Nikkei 225 index, which opened lower trailing falls on Wall Street, edged up 0.09% to end at 21 540.99, while the broader Topix index rose 0.14% to 1 567.35.

"Tokyo shares opened lower following overnight falls on Wall Street, but the losses gradually shrank thanks to the yen, which weakened," Okasan Online Securities said in a note. 

The dollar stood at ¥109.25, rising from ¥108.77 in New York.

Investors are awaiting key US economic data, including ISM's nationwide manufacturing index, which will be announced later in the day, and Friday's employment data.

In the morning session, Tokyo players took cues from the New York market, where investors pushed down shares after hearing Fed chairperson Jerome Powell's cautious position about future rate cuts.

Automakers were gainers with Toyota rising 0.96% to ¥7 092 and Honda 0.44% to ¥2 722.5.

Takeda Pharmaceutical soared 7.40% to ¥3 904 a day after forecasting net losses for the year ending in March 2020 would shrink thanks to the growth of its blood cancer treatment.

SoftBank Group rose 1.15% to ¥5 693, while Sony fell 0.76% to ¥6 123.

Panasonic dropped 1.49% to ¥910.9.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders