Monday, December 30, 2024

Nikkei 225 Surges Near 20% Yearly, Logs Best Year Since 1989

 


PT Rifan Financindo Berjangka - The Nikkei 225 dipped 383 points or near 1% to end at 39,894 on the last trading day of 2024, snapping two-day gains amid some profit-taking after the index hit a five-month peak last week.

Investors seemed unsettled as they could not find clear reasons for the Nikkei to cross the 40,000 level. The biggest percentage loser on the index was Nissan Motor, slipping by 6.4%. Meanwhile, chip-testing equipment maker Advantest was down by 2.5%. Makino Milling Machine's shares were untraded after a surprise unsolicited takeover bid by Japanese manufacturing giant Nidec.

Nevertheless, markets jumped 4.4% for the month, bringing an almost 20% jump for the full 2024, the best year since 1989, buoyed by strong corporate earnings and a weaker yen boosting export-oriented sectors. Meanwhile, the broader index fell 0.6% but logged gains of 3.8% for the month and 17.6% for the year. The Japanese markets will resume activity on January 6 after closing for the New Year holidays from the next session. PT Rifan Financindo Berjangka.


Source : Trading Economics


Sunday, December 29, 2024

Japan Stocks Fluctuate as Banks Gain on Yields; Exporters Fall

 


PT Rifan Financindo Berjangka - Japanese stocks fluctuate between gains and losses on the last trading session of the year in Tokyo as higher US yields supported banks, while a slump on Wall Street weighed on exporters. 

Topix rose 0.1% to 2,803.91 as of 9:30 a.m. Tokyo time

Nikkei 225 declined 0.3% to 40,141.08

Mitsubishi UFJ Financial Group contributed the most to the Topix’s gain, increasing 1.4%. Out of 2,124 stocks in the benchmark index, 1,231 rose and 730 fell, while 163 were unchanged.

“US stocks are falling, led by technology stocks, due to profit-taking after the large annual gains and the impact of rising interest rates, and Japanese stocks in the morning are likely to follow this trend,” said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab. 

“However, rising US interest rates indicate that the US economy is firming up, and this will be a tailwind for Japan’s economy-sensitive stocks,” he said.

Tokyo’s stock market will be closed from Tuesday for year-end holidays and reopen on Jan. 6. PT Rifan Financindo Berjangka.


Source : Bloomberg


Thursday, December 26, 2024

Japanese Shares Rise 0.5%

 


PT Rifan Financindo Berjangka - Japanese shares rose, led by gains in autos and electronics shares, as a weaker yen boosted earnings growth hopes.

Toyota Motor rose 1.0% and Renesas Electronics gained 2.0%. USD/JPY was at 157.85, compared with 157.36 at the close of trading on the Tokyo Stock Exchange on Thursday.

Investors were watching for any comments on the yen’s recent depreciation from Japanese government officials. The Nikkei Stock Average was up 0.5% at 39,753.32. PT Rifan Financindo Berjangka.


Source: Bloomberg


Wednesday, December 25, 2024

Japan Index Drops Amid Holiday Constraints


 

PT Rifan Financindo Berjangka - The Topix fell 0.5% to 2,714.12 as of 9:28 a.m. in Tokyo.

The Nikkei was little changed at 39,033.72.

Japan’s Topix fell as automakers and banks weighed on the benchmark index amid holiday constraints.

Toyota Motor contributed the most to the Topix decline, dropping 1.4%. Of the 2,125 stocks in the index, 689 rose and 1,247 fell, while 189 were unchanged.

“There are almost no market players, so it’s unlikely the market will show any direction,” said Mitsushige Akino, president of Ichiyoshi Asset Management. “There’s a reversal in the market, and industrial types that have performed well so far are being sold off.”

Investors will be watching a speech by the Bank of Japan governor later in the day for clues on the central bank’s next interest rate hike. PT Rifan Financindo Berjangka.


Source: Bloomberg


Monday, December 23, 2024

Japan Stocks End 6-Day Decline as Honda Gains on Nissan Merger

 


PT Rifan Financindo Berjangka - Japan’s stocks rose to end a six-day decline as carmakers and semiconductor-related names gained on a weaker yen. Banks also pushed the market higher as traders weighed the outlook for higher borrowing costs. 

The Topix rose 0.9% to 2,726.74 at market close.

The Nikkei advanced 1.2% to 39,161.34.

Toyota Motor contributed the most to the Topix’s gain, increasing 2.4%, while its peer Honda Motor also advanced. Honda and Nissan Motor are looking to finalize a merger agreement as soon as June after negotiations begin later Monday, and may combine in 2026, Japanese media reported, citing unidentified sources.

“Traders are looking for Japan-specific clues to trade stocks,” said Masahiro Yamaguchi, a senior market analyst at SMBC Trust Bank. Lenders are up but “the BOJ’s cautious stance toward a rate hike may weigh on the bank stocks.” 

Out of 2,125 stocks in the Topix, 1,409 rose and 620 fell, while 96 were unchanged. PT Rifan Financindo Berjangka.


Source: Bloomberg


Sunday, December 22, 2024

Japanese Shares Dip on Strong Inflation Data


 

PT Rifan Financindo Berjangka - The Nikkei 225 Index dropped 0.29% to close at 38,702, while the broader Topix Index fell 0.44% to 2,702 on Friday, marking the sixth consecutive session of losses as investors reacted to stronger-than-expected inflation data.

Japan's headline inflation rate rose to a three-month high of 2.9% in November, up from 2.3% in October, while the core inflation rate increased to 2.7%, surpassing market expectations of 2.6%. These figures support a hawkish outlook for Bank of Japan (BOJ) monetary policy. However, the BOJ chose to keep rates unchanged at its December meeting, citing the need to assess wage trends, global economic uncertainties, and the policies of the incoming US administration.

Technology, industrial, and consumer stocks led the decline. Over the week, the Nikkei and Topix indexes lost 1.95% and 1.62%, respectively. PT Rifan Financindo Berjangka.


Source : Trading Economics


Thursday, December 19, 2024

Japan’s Shares Gain Slightly as Weak Yen Post-BOJ Aids Exporters

 


PT Rifan Financindo Berjangka - Japanese shares are rising slightly on Friday as the yen’s weakening on dovish signals from the Bank of Japan supported export-related sectors such as automakers, steel producers and shippers.

The Topix Index rose 0.2% to 2,719.63 as of 9:30 a.m. Tokyo time

The Nikkei advanced 0.2% to 38,880.21

Toyota Motor Corp. contributed the most to the Topix Index’s gain, increasing 2.8%. Out of 2,126 stocks in the index, 1,195 rose and 775 fell, while 156 were unchanged.

With key domestic and overseas monetary policy events out of the way, domestic demand-linked sectors such as builders and pharmaceuticals were also firm.

Bank shares fell after the BOJ left interest rates unchanged Thursday and its Governor Kazuo Ueda cast doubt on whether the bank could hike rates in January. The yen is extending its losses, weakening 0.2% against the dollar after tumbling 1.7% on Thursday.

“Today’s Japanese stocks are likely to have a slightly positive tone due to the yen’s depreciation and the fact that the sharp decline in US stocks after the FOMC meeting has paused,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. “Although the yen’s depreciation isn’t likely to be sustained, exchange rates aren’t at levels that would pose concerns for Japanese corporate earnings.” PT Rifan Financindo Berjangka.


Source : Bloomberg


Wednesday, December 18, 2024

Japanese Shares Fall After Wall Street Selloff

 

PT Rifan Financindo Berjangka - The Nikkei 225 Index fell 1% to below 38,700, while the broader Topix Index fell 0.5% to 2,706 on Thursday, hitting a three-week low. The declines mirrored a sharp selloff on Wall Street after the U.S. Federal Reserve signaled fewer interest rate cuts in 2025 than previously expected. The Fed now expects just two rate cuts next year, down from the four projected in its September outlook. Investors also remained cautious ahead of the Bank of Japan’s monetary policy decision later in the day.

The central bank is likely to hold off on raising interest rates as policymakers assess the latest economic data. Technology stocks were the hardest hit, with significant losses for Advantest (-4.5%), SoftBank Group (-4.3%), and Tokyo Electron (-2.5%). Other major stocks also fell, including Honda Motor (-1.3%), Toyota Motor (-1.3%), and Sony Group (-0.9%). PT Rifan Financindo Berjangka.


Source: Trading Economics


Tuesday, December 17, 2024

Nikkei 225 Falls for Fourth Day Ahead of Fed; Nissan ADRs Gain

 


PT Rifan Financindo Berjangka - Japan’s Nikkei 225 fell for a fourth day as investors were cautious ahead of both Federal Reserve and Bank of Japan monetary policy decisions. A drop in US semiconductor stocks also dragged on the market. 

Nikkei declined 0.2% to 39,275.88 as of 9:07 a.m. Tokyo time

The Topix Index little changed at 2,726.90

Out of 2,126 stocks in the index, 819 rose and 1,132 fell, while 175 were unchanged

Should the market start to reduce expectations for Fed rate cuts into next year, it’s difficult to predict how US stocks will react, and this is weighing on Japanese equities, said Mitsushige Akino, president of Ichiyoshi Asset Management. 

Nissan Motor and Honda Motor ADRs rose on news they’re exploring a potential merger, according to people familiar with the matter, which would better position a combined company to face global competitive challenges. PT Rifan Financindo Berjangka.


Source : Bloomberg


Monday, December 16, 2024

Japan’s Shares Rise as US Tech Gains, Weak Yen Bolster Exporters

 


PT Rifan Financindo Berjangka - Japanese shares are rebounding Tuesday, as gains in US technology shares on expectations of a Federal Reserve interest rate cut and a weakening yen supported export-related stocks such as electronics firms and automakers.

The Topix Index rose 0.6% to 2,753.57 as of 9:35 a.m. Tokyo time.

The Nikkei advanced 0.6% to 39,709.40.

Hitachi Ltd. contributed the most to the Topix Index gain, increasing 2.4%. Out of 2,126 stocks in the index, 1,129 rose and 825 fell, while 172 were unchanged.

Real estate shares are also advancing on expectations Japan’s economy will expand next year. 

SoftBank Group shares climbed as much as 4%, their biggest gain since Nov. 25, after President-elect Donald Trump announced that the Japanese technology investor planned to invest $100 billion in the US over the next four years.

Overall trading in the Japanese market will likely be restrained though ahead of monetary policy decisions in Japan and the US later this week. PT Rifan Financindo Berjangka.


Source : Bloomberg


Sunday, December 15, 2024

Japan’s Shares Fluctuate; Financials Advance on Rising US Yields

 


PT Rifan Financindo Berjangka - Japan’s equities are narrowly mixed on Monday, with a weakening in the yen supporting export-related firms such as machinery and automakers. Rising US bond yields boosted banks, though trading was subdued before key central bank decisions this week in Japan and overseas.

The Topix Index fell 0.1% to 2,744.06 as of 9:36 a.m. Tokyo time.

The Nikkei advanced 0.2% to 39,544.74.

Tokio Marine Holdings Inc. contributed the most to the Topix Index decline, decreasing 2%. Out of 2,126 stocks in the index, 890 rose and 1,080 fell, while 156 were unchanged. PT Rifan Financindo Berjangka.


Source : Bloomberg


Thursday, December 12, 2024

Japanese Stocks Rise at Close, Up 1.27%

 

PT Rifan Financindo Berjangka - Japanese stocks rose after the close on Thursday (12/12), as gains in the Precision Instruments, Steel and Electrical/Machinery sectors helped stocks advance.

At the close in Tokyo, the Nikkei 225 rose 1.27% to hit a fresh 1-month high.

The best performers on the Nikkei 225 were Advantest Corp. (TYO:6857), which rose 5.10% or 430.00 points to trade at 8,865.00 at the close. Meanwhile, DeNA Co Ltd (TYO:2432) rose 5.04% or 123.50 points to close at 2,573.50 and Chubu Electric Power Co., Inc. (TYO:9502) gained 4.54% or 70.50 points to 1,624.00 in the last trading session.

The worst performers of the session were SUMCO Corp. (TYO:3436), which fell 2.56% or 31.00 points to close at 1,180.00. Nissan Motor Co., Ltd. (TYO:7201) fell 2.16% or 7.90 points to close at 357.00 and Taiyo Yuden Co., Ltd. (TYO:6976) dropped 1.93% or 42.50 points to 2,158.00

Gainers outnumbered decliners on the Tokyo Stock Exchange in 2010 to 1,557 and 311 ended unchanged.

DeNA Co Ltd (TYO:2432) shares rose to a 5-year high, up 5.04% or 123.50 to close at 2,573.50.

Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, fell 6.50% to 21.43. PT Rifan Financindo Berjangka.


Source: Investing


Wednesday, December 11, 2024

Japanese Shares Rise as Wall Street Leads

 


PT Rifan Financindo Berjangka - The Nikkei 225 jumped 1.6% to surpass 40,000 while the broader Topix index jumped 1.2% to 2,782 on Thursday, with Japanese shares hitting their highest in months and tracking a rally on Wall Street overnight after U.S. inflation data appeared to pave the way for a Federal Reserve interest rate cut.

The market is now pricing in a near 100% chance that the Fed will deliver another 25 basis point cut next week. Meanwhile, the outlook for Bank of Japan monetary policy remains highly uncertain, with markets divided over whether the central bank will raise rates again in December or January. All sectors were in the mix, with big gains coming from index heavyweights Fujikura (+5.1%), Disco (2.3%), Advantest (5.2%), SoftBank Group (2.9%) and Sony Group (2.9%). PT Rifan Financindo Berjangka.


Source: Trading Economics


Tuesday, December 10, 2024

Japanese Stocks Rise on Optimism Following China Stimulus Announcement

 


PT Rifan Financindo Berjangka - The Nikkei 225 index rose 0.3% to above 39,200, while the broader Topix index gained 0.4% to 2,745 on Tuesday, extending gains from the previous session.

The rally was driven by optimism following China’s announcement of “more proactive” fiscal measures and “moderately” loose monetary policy, which boosted market sentiment across the region.

Japanese stocks also defied a selloff on Wall Street overnight, with major U.S. technology names facing pressure. At home, investors are eyeing business sentiment data later this week to gauge the health of the Japanese economy.

Market expectations remain divided over the timing of the Bank of Japan’s next interest rate hike, with forecasts ranging between December and January.

Among the big players, major index players Toyota Motor (+1.5%), Sony Group (+2.7%) and Kawasaki Heavy Industries (+2.3%) posted strong gains. PT Rifan Financindo Berjangka.


Source: Trading Economics


Monday, December 9, 2024

Japanese Stocks Rise on Optimism Following China Stimulus Announcement

 


PT Rifan Financindo Berjangka - The Nikkei 225 index rose 0.3% to above 39,200, while the broader Topix index gained 0.4% to 2,745 on Tuesday, extending gains from the previous session.

The rally was driven by optimism following China’s announcement of “more proactive” fiscal measures and “moderately” loose monetary policy, which boosted market sentiment across the region.

Japanese stocks also defied a selloff on Wall Street overnight, with major U.S. technology names facing pressure. At home, investors are eyeing business sentiment data later this week to gauge the health of the Japanese economy.

Market expectations remain divided over the timing of the Bank of Japan’s next interest rate hike, with forecasts ranging between December and January.

Among the big players, major index players Toyota Motor (+1.5%), Sony Group (+2.7%) and Kawasaki Heavy Industries (+2.3%) posted strong gains. PT Rifan Financindo Berjangka.


Source: Trading Economics


Sunday, December 8, 2024

Japanese Stocks Struggle Amid Global Uncertainty

 

PT Rifan Financindo Berjangka - The Nikkei 225 and Topix indexes showed limited movement on Monday (12/9), as global political instability weighed on financial markets. The ongoing political crises in South Korea and France, along with the collapse of Syrian President Bashar al-Assad's regime, contributed to the uncertainty. Domestically, Japan's third-quarter economic growth was revised up, indicating the country's second straight quarter of expansion.

Investors now await business sentiment data later this week to further gauge the health of the economy. Significant declines were seen in index heavyweights such as Mitsubishi Heavy Industries (-1.4%), Advantest (-4.3%), and Tokyo Electron (-1.3%). However, gains were posted by SoftBank Group (2.1%), Rakuten Group (4.4%), and Nintendo (0.8%). PT Rifan Financindo Berjangka.


Source: Trading Economics


Thursday, December 5, 2024

Hang Seng Index Falls 0.9% at Finish

 


PT Rifan Financindo Berjangka - The Hang Seng dipped 182 points or 0.9% to close at 19,560 on Thursday after a subdued session the day before, burdened by losses across sectors.

Investor unease mounted regarding China's policy outlook ahead of an upcoming central economic working forum and the Politburo gathering next week. A new round of US-China tech curbs and fears about additional trade disputes also unsettled markets.

Some economists warned that China's recovery momentum during Q4 could slow in H1 2025, partly due to the impact of a new US administration. Political turmoil in South Korea and France further contributed to market volatility, along with caution before Chinese trade data, set to be released over the weekend.

Capping further declines were Fed Chair Powell's latest comments on the US economy and a surge in US tech stocks Wednesday, ahead of Friday's NFP data. Among large-cap stocks that saw deep losses included Meituan (-4.0%), Alibaba Health Intl. (-3.8%), Trip.Com (-3.6%), and KE Holdings (-3.1%). PT Rifan Financindo Berjangka.


Source: Trading Economics


Wednesday, December 4, 2024

Japan’s Nikkei 225 Advances for Fourth Day on Powell’s Remarks

 


PT Rifan Financindo Berjangka - Japan’s Nikkei 225 index climbs for a fourth consecutive day after Federal Reserve Chair Jerome Powell’s bullish remarks on the US economy boosted risk appetite.

Topix Index rose 0.1% to 2,742.24 as of market close Tokyo time.

Nikkei advanced 0.3% to 39,395.60.

Recruit Holdings Co. contributed the most to the Topix Index gain, increasing 2.9%. Out of 2,128 stocks in the index, 1,218 rose and 796 fell, while 114 were unchanged.

While the ISM data was slightly disappointing, there’s still an optimistic view of the US economy, said Tetsuo Seshimo, a portfolio manager at Saison Asset Management. The fact that tighter monetary policy and interest-rate hikes are probably becoming unavoidable are weighing on the Topix index, he said.

Bank of Japan board member Toyoaki Nakamura said during a press conference on Thursday that he’s not objecting to a rate hike, but will look at data to decide on policy this month. Japanese government bond futures fall and the yen jumps against the dollar.(Cay) PT Rifan Financindo Berjangka.


Source: Bloomberg


Tuesday, December 3, 2024

The Nikkei 225 Index surged 1.3%

 


PT Rifan Financindo Berjangka - The Nikkei 225 Index surged 1.3% to surpass 39,000, while the broader Topix Index rose 0.9% to 2,740 on Tuesday, extending gains from the previous session, with technology stocks driving the rally. Local shares followed the positive momentum from Wall Street, where the S&P 500 and Nasdaq Composite reached new all-time highs, fueled by outperformance from major US tech companies. Investors also kept a close eye on currency movements as the yen continued to strengthen.


The technology sector saw strong gains, led by Disco (up 6.3%), Lasertec (up 5.4%), Tokyo Electron (up 4.1%), Advantest (up 2.7%), and SoftBank Group (up 1.8%). Other index heavyweights also posted notable gains, including Toyota Motor (up 0.8%), Fast Retailing (up 1%), and Nippon Yusen (up 3.9%).(Cay) PT Rifan Financindo Berjangka.


Source: Trading Economi


Monday, December 2, 2024

Japan stocks higher at close of trade,Nikkei 225 up 0.92%

 


PT Rifan Financindo Berjangka - Japan stocks were higher after the close on Monday, as gains in the Gas & Water, Banking and Retail sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 0.92%.

The best performers of the session on the Nikkei 225 were Fujikura Ltd. (TYO:5803), which rose 6.39% or 340.00 points to trade at 5,662.00 at the close. Meanwhile, Dai-ichi Life Holdings Inc (TYO:8750) added 6.27% or 254.00 points to end at 4,305.00 and Hitachi Ltd (TYO:6501) was up 5.20% or 195.00 points to 3,946.00 in late trade.

The worst performers of the session were Shiseido Co., Ltd. (TYO:4911), which fell 6.62% or 189.00 points to trade at 2,666.50 at the close. Dai Nippon Printing Co., Ltd. (TYO:7912) declined 1.49% or 34.00 points to end at 2,251.00 and Oriental Land Co Ltd (TYO:4661) was down 1.41% or 50.00 points to 3,488.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2026 to 1573 and 278 ended unchanged.

Shares in Shiseido Co., Ltd. (TYO:4911) fell to 5-year lows; down 6.62% or 189.00 to 2,666.50. Shares in Dai Nippon Printing Co., Ltd. (TYO:7912) fell to 3-years lows; losing 1.49% or 34.00 to 2,251.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 7.31% to 22.31.(Cay) PT Rifan Financindo Berjangka.


Source: Trading Economi


Sunday, December 1, 2024

Japanese stocks down at close of trade; Nikkei 225 down 0.52%

 


PT Rifan Financindo Berjangka - Japanese stocks fell after the close on Friday (11/29), as losses in the Shipbuilding, Precision Instruments and Retail sectors led shares lower.

At the close in Tokyo, the Nikkei 225 was down 0.52%.

The best performers on the Nikkei 225 were Chiba Bank Ltd (TYO:8331), which rose 4.21% or 50.50 points to trade at 1,250.50 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 3.62% or 215.00 points to close at 6,155.00 and Dai-ichi Life Holdings Inc (TYO:8750) gained 3.53% or 138.00 points to 4,051.00 in late trade.

The worst performers on the session were Nissan Motor Co., Ltd. (TYO:7201), which fell 4.01% or 15.00 points to close at 358.90. SUMCO Corp. (TYO:3436) dropped 3.30% or 41.00 points to close at 1,203.00 and DeNA Co Ltd (TYO:2432) plunged 3.27% or 82.50 points to 2,437.50.

Declining stocks outnumbered advancing ones on the Tokyo Stock Exchange, 1,874 to 1,695, with 286 ending unchanged.

Nissan Motor Co., Ltd. (TYO:7201) shares plunged to a three-year low, down 4.01% or 15.00 to close at 358.90. SUMCO Corp. (TYO:3436) shares plunged to a 3-year low, down 3.30% or 41.00 to 1,203.00.

Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, rose 10.50% to 22.95. PT Rifan Financindo Berjangka.


Source: Investing.com