-
Oct 4, 2024 | 
asia.nikkei.com | Yasuha Minami
TOKYO -- Exchange-traded funds targeting Chinese stocks jumped in Tokyo trading Friday as investors closed out a week that saw mainland Chinese equities rally on a long-awaited economic stimulus package. Nikko Asset Management's Listed Index Fund China A Share (Panda) CSI 300 rose 32%, while One ETF Southern China A-Share CSI 500, managed by Asset Management One, gained 115%. Both hit all-time highs.
-
May 8, 2024 | 
asia.nikkei.com | Noriyuki Doi |Kensaku Ihara |Yasuha Minami
SHANGHAI/HONG KONG/TOKYO -- Stocks in mainland China and Hong Kong have regained momentum, as positive economic indicators and a government push to strengthen the capital market draw investors hunting for higher dividends. Hong Kong's Hang Seng Index and the Shanghai Composite Index have climbed 7.4% and 5.2% since the end of 2023, respectively, even as they dipped slightly on Wednesday.
-
Mar 7, 2024 | 
asia.nikkei.com | Miki Kamiyama |Yasuha Minami |Ryo Saeki
TOKYO -- Japanese markets are on edge amid mounting speculation that the Bank of Japan will end its negative interest rate policy this month. Japan's currency strengthened to the 147 yen level against the dollar Thursday for the first time in about a month. Shares in exchange-rate-sensitive exporters sold off, with the Nikkei Stock Average falling nearly 500 points.
-
Jan 3, 2024 | 
asia.nikkei.com | Yasuha Minami
TOKYO -- The yen reached the lower 143 range against the dollar on Wednesday, weakening by around 2 from the end of 2023 as rising rates in the U.S. firmed up the greenback. The yen was trading in the 143 range against the dollar during New York morning on Wednesday.
-
Dec 7, 2023 | 
asia.nikkei.com | Yasuha Minami
TOKYO -- The Japanese currency gained more than 5 yen against the dollar in a day after Bank of Japan Gov. Kazuo Ueda made comments Thursday seen as laying the groundwork for an exit from the bank's negative interest rate policy. The yen surged in New York trading to briefly touch the 141 level around 12:47 p.m. Thursday local time -- 1.50 yen stronger than the 143 level immediately before. The Japanese currency fell soon after and was trading at the 143 level at 2 p.m.
-
Dec 7, 2023 | 
asia.nikkei.com | Yasuha Minami
TOKYO -- The Japanese currency gained nearly 3 yen against the dollar after Bank of Japan Gov. Kazuo Ueda made comments Thursday seen as laying the groundwork for an exit from the bank's negative interest rate policy. The Japanese currency strengthened to the mid-144 level against the dollar at one point -- a level not seen since early September. The yen continued its upward momentum in New York to briefly surge past the 143 mark, a roughly four-month high.
-
Nov 6, 2023 | 
asia.nikkei.com | Takahisa Tamura |Yasuha Minami
TOKYO -- The Nikkei Stock Average posted its largest gain of the year Monday after a drop in U.S. bond yields, though some doubt that Japanese equities' strong performance will last. The index rose by more than 800 points during intraday trading before ending 758 points, or more than 2%, higher at 32,708. It has gained for four consecutive sessions, rising by more than 2,000 points altogether.
-
Oct 3, 2023 | 
asia.nikkei.com | Yasuha Minami |Takahisa Tamura
TOKYO -- High inflation-adjusted interest rates have fueled the dollar's rise against its peers and made the U.S. currency a target for yield-hungry investors. The 10-year Treasury yield, a benchmark long-term interest rate, continued to rise Tuesday after touching a 16-year high of 4.7% the day before. In a reflection of the interest rate gap with Japan, the yen fell past 150 yen to the dollar on Tuesday for the first time since last October.
-
Sep 12, 2023 | 
asia.nikkei.com | Takahisa Tamura |Yasuha Minami
TOKYO -- Japan's benchmark long-term interest rate reached a new nine-year high Tuesday on mounting expectations that the Bank of Japan will drop its negative interest rate policy sooner than once thought. The yield on newly issued 10-year bonds climbed as high as 0.72% -- a point last seen in January 2014 -- continuing the increase that followed central bank Gov. Kazuo Ueda's comment that scrapping negative rates would be an option once sustainable 2% inflation is in reach.
-
Sep 7, 2023 | 
asia.nikkei.com | Ryo Saeki |Yasuha Minami |Masaya Kato
TOKYO -- The long-suffering Japanese yen now sits at a year-to-date low and is threatening to tumble below last year's nadir of 151.94 to the dollar. The government has begun stepping up its verbal interventions, but experts say the yen's current weakness reflects interest rate gaps between Japan and other markets. As such, the depreciation will be difficult to arrest, the experts say.
