Stocks in Tokyo closed down after an early rally faded. Bank of Japan expanded its risky asset purchase program by $124 billion as anticipated. Softbank surged more than 3% after it hiked dividend and reported a surge in operating profit.
Stocks in Japan were in a holding pattern as the earnings season began in earnest and ahead of central bank comments tomorrow. Fanuc plunged 6% after it estimated 3% decline in operating profit for the six months to September.
The Nikkei index in Tokyo gained after a 4-day slide after better than expected earnings in Japan and in U.S. contributed to positive market sentiment. Daiki Aluminum soared 5% and Sumitomo Mitsui Financial said it plans to acquire 24% stake in China based wealth manager China Post & Capital.
Stocks in Tokyo extended losses for the fourth day in a row and the yen strengthened. All Nippon Airways surged after the airline plans to double its annual dividend per share to 4 yen. Shinko Electric Industries lowered its annual loss estimate.
Stocks and broader indexes in Tokyo fell ahead of comments from the Bank of Japan on Friday. Investors were cautious and speculation mounted that the central bank may expand its $800 billion asset purchase program. Rakuten, the largest e-commerce website operator shut down its site in China.
Stocks in Japan closed lower and the benchmark Nikkei index declined for the third week in a row. JFE Holdings said full-year net dropped 68% on stronger yen and flat steel products prices. Freight shippers were higher on the expectations of a recovery in container rates.
Stocks in Japan traded lower after a surge in yesterday’s trading and trade balance swung to a deficit in March on higher fuel imports. Nippon Sheet Glass Company dropped 7% and closed at a new three-decade low after the company chief executive resigned.
Stocks in Japan surged the most in three weeks after central bank official showed bank’s preparedness to take steps to ease monetary policy. Japanese exporters were ahead after the IMF lifted global economic growth outlook.
Stocks in Japan fell on international worries for the second day in a row. Toshiba Tec agreed to acquire point-of-sale business from IBM for $850 million. Olympus Corp fell after two executives are said to retain jobs after stepping down the company board.
The benchmark Nikkie index plunged the most in last two weeks as international worries dominated trading sentiment. Investors focused on the record Spanish bond yields and Korea lowered its growth estimate in the current year.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
