Manami Ogawa

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Scam Facebook ads posing as brokerages surge in Japan

Sep 24, 2024 | asia.nikkei.com | Masaharu Ban |Manami Ogawa |Akinobu Iwasawa

TOKYO -- Fake Facebook accounts posing as leading Japanese brokerages ran roughly 10,000 ads to scam users between August 2023 and May 2024, Nikkei has found, as the nation grapples with the spread of investment fraud. Investment scams on social media began to surge around the summer of 2023. Fake ads, including ones using the names and logos of real companies, are one way to draw victims in.
Nvidia, Google funding helps double AI unicorns to 37 in a year

Jun 6, 2024 | asia.nikkei.com | Manami Ogawa

TOKYO -- The number of generative artificial intelligence unicorns around the world nearly doubled in a year to 37 at the end of April, as tech heavyweights like Nvidia and Google pump funds into promising startups in the rapidly developing field. This represents an 85% increase from 20 at the end of April 2023, based on data from U.S. research firm CB Insights tallied by Nikkei.
Nikkei Stock Average touches 38,000 after rising more than 1,100 points

Feb 13, 2024 | asia.nikkei.com | Manami Ogawa

TOKYO -- Artificial intelligence stocks led a Tokyo rally on Tuesday, with the Nikkei Stock Average rising to 38,010.69 points at one point, up 1,113.27 from last week's closing. The average ended Tuesday trading at 37,963.97, up 1,066.55 points, or 2.89%, from Friday -- a 34-year high last reached in January of 1990, when Japan's bubble economy was beginning to show its first signs of trouble ahead. The 1,066-point, one-day jump was the largest in three years and 11 months, since March 25, 2020.
India and rest of Asia drive surge in global derivatives trades

Jan 30, 2024 | asia.nikkei.com | Manami Ogawa

TOKYO -- Options, futures and other derivatives are quickly gaining momentum in India and the rest of the Asia-Pacific, with the region's trade volume roughly doubling in 2023 on the rise of options that expire on their trading day. Derivatives trading in the Asia-Pacific increased to 103.5 billion contracts, Futures Industry Association data shows. The figure accounted for 75% of the 2023 global tally of 137.2 billion contracts, up from a 60% share in the prior year.
Japan's Fanuc, Murata take hit amid China economic slowdown

Oct 31, 2023 | asia.nikkei.com | Manami Ogawa

TOKYO -- The slowdown in China's economy is cutting into the profits of Japanese companies like Fanuc and Murata Manufacturing, with business models based on the country's high-growth trajectory facing a turning point. Among 17 Japanese companies with significant sales in China, 12 saw net profit decline in the July to September quarter, according to earnings reports released as of Tuesday.
Indian stocks stage historic rally as consumers spend more

Sep 20, 2023 | asia.nikkei.com | Manami Ogawa |Ryosuke Hanada

TOKYO/MUMBAI -- India's stock market is flying high as economic growth in the world's most populous country lifts shares in makers of cars, cigarettes and other consumer goods. The BSE's Sensex index rose for 11 straight sessions to a record 67,838 on Friday, up 12% from the end of 2022. The benchmark had been trending up after August inflation fell below market expectations at 6.83%.
From BMW to Qualcomm, China slowdown fears squeeze global stocks

Sep 6, 2023 | asia.nikkei.com | Manami Ogawa

TOKYO -- As China's property slump stokes concerns of a slowdown in the world's second-largest economy, investors are shying away from global stocks with significant exposure to the Chinese market in a wide range of fields, from manufacturing to retail. The MSCI World Index, which tracks stock prices in advanced economies, closed at 2,336.36 in local currency terms on Tuesday. It has recovered to just 2% below its July-end figure after the Chinese government on Aug.
BlackRock, other investment firms boost outlooks for Japan stocks

Jul 15, 2023 | asia.nikkei.com | Manami Ogawa

TOKYO -- BlackRock and other major European and U.S. asset management companies are upgrading their ratings for Japanese stocks, a shift that could increase the flow of money into the country's market and sustain its growth, though outlooks are not uniformly bullish. BlackRock, the world's largest asset manager, raised its rating for Japanese stocks from underweight to neutral at the end of June based on Japanese companies' aggressive shareholder returns.
Bitcoin's lead in crypto market solidified by institutional interest

Jun 30, 2023 | asia.nikkei.com | Manami Ogawa

TOKYO -- Bitcoin's position as the top player in the cryptocurrency market is solidifying as the prospect of an inflow of money from institutional investors has lifted the virtual asset to its highest point in a year. Bitcoin's share of the total market capitalization of all cryptocurrency assets topped 50% for the first time in more than two years, according to CoinMarketCap.
Japan-U.S. stock rally spills over beyond tech

Jun 13, 2023 | asia.nikkei.com | Manami Ogawa |Hirofumi Takeuchi

TOKYO/NEW YORK -- Share prices from Tokyo to Wall Street have hit new highs for the year in a rebound indicating that investors are now less worried about the economy and more willing to take risks. The S&P 500 has reached a peak last seen roughly a year ago. Highlighting the gain is the strong rebound by Caterpillar, up 16% since the start of the month.