Hinako Sato

Feb 13, 2024 | asia.nikkei.com | Kosuke Iguchi |Hinako Sato

TOKYO -- Japan's listed companies are riding strong financial results -- bolstered by price increases, the weak yen and the robust U.S. economy -- to historic high stock prices, with 60% of companies that have announced profit results for October to December exceeding analyst expectations. Staffing services company Recruit Holdings' shares gained sharply in Tokyo on Tuesday, briefly reaching a high of 6,412 yen, up 9% from Friday's close and the highest level since January 2022.

Jan 23, 2024 | asia.nikkei.com | Kenta Shinozaki |Kazuhiro Noguchi |Hinako Sato

TOKYO/NAGOYA, Japan -- Toyota Motor has set a new record for market capitalization for a Japanese company, reaching 48.7 trillion yen ($328.8 billion) at the end of Tuesday's trading in Tokyo, as overseas investors flock to blue chips. Toyota closed at 2,991 yen, up 9 yen from Monday and rising for a fifth straight session. Its share price, which touched 3,034 yen at one point Tuesday, has set a new record high for several days.

Jan 21, 2024 | asia.nikkei.com | Akira Inujima |Hinako Sato |Takenori Miyamoto

TOKYO -- Japan's Government Pension Investment Fund plans to expand its choice of asset managers, bringing in newer companies as part of a push into active management. "We look forward to discovering superior asset management companies by opening our door wider," GPIF President Masataka Miyazono told reporters Friday.

Jan 10, 2024 | asia.nikkei.com | Hinako Sato

TOKYO -- The Nikkei Stock Average rose 2.01% on Wednesday to close at 34,441, the highest since Feb. 28, 1990, marking the second consecutive day of new highs since the collapse of the bubble economy. The surge was led by gains in high-tech stocks and high-dividend stocks. Nintendo shares outshone others with a record high driven by speculation surrounding oil money.

Oct 12, 2023 | asia.nikkei.com | Hinako Sato |Kohei Onishi

TOKYO/LONDON -- After hitting record highs in September, India's stock market is losing momentum as risk-averse investors pull out money amid a diplomatic row with Canada. Foreign investors sold a net 147.6 billion rupees ($1.77 billion) in Indian equities during September, according to data from the National Securities Depository.