LOS ANGELES: Japanese stocks started positively in early Monday trading, with the Nikkei Stock Average NIK surged 0.7%, eating into a loss of 1.4% the last session.
The Topix rose 0.5%. While expectations for the upcoming earnings season moved some shares, gains for Wall Street and the U.S. dollar USDJPY, -0.39% (now at ¥117.57 vs. ¥116.64 Friday) helped more broadly to carry some of the blue-chip exporters higher. Among them, Sony Corp. 6758, +2.58% SNE, -1.24% rose 1.9%, Sumitomo Electric Industries Ltd. 5802, +3.04% SMTOY, +0.56% improved by 2.1%, Casio Computer Co. 6952, +3.00% CSIOY, +1.86% added 1.8%, and Subaru maker Fuji Heavy Industries Ltd. 7270, +2.87% FUJHF, +0.34% traded 2.3% higher. Shares of Advantest Corp. 6857, +1.12% ADTTF, -23.34% rallied 3% after a Nikkei news report said strong sales of smartphone components would swing Advantest to an April-December profit after posting a loss for the same period in 2014. On the downside, Sharp Corp. 6753, -8.73% SHCAF, -15.64% tumbled 7.5% as a separate Nikkei report said the tech player would post a loss for the fiscal year ending in March, depsite earlier projections for a profit. Meanwhile, a rebound in oil prices saw Inpex Corp. 1605, +2.43% IPXHY, +2.29% up 2.8% and JX Holdings Inc. 5020, +0.99% JXHGF, -7.44% up 1.8%. Commodity gains also helped the trading houses, with Itochu Corp. 8001, +2.44% ITOCY, +2.51% up 1.2%, Sumitomo Corp. 8053, +3.30% SSUMF, -3.66% up 2.1%, and Mitsubishi Corp. 8058, +2.07% MSBHY, +0.69% adding 1.3% amid news it had purchased waterworks assets in Australia and New Zealand.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
