North Korea is suspected to have fired missiles again according to the Japanese coast guard.Earlier in the week, Japan urged residents to take shelter after North Korea had been reported to have fired a ballistic missile over the north of the country.It was the North’s first missile launch over Japan …
Read More »Japan’s GDP expands 0.5% QoQ in Q2
Japan’s economy rebounded firmly by 0.5% in the second quarter after contracting 0.1% in the first, with economists forecasting quarterly growth of 0.6%. On an annualized basis, the world’s third-largest economy grew 2.2% against 2.5% expected and a -0.5% contraction recorded in the previous quarter. The country’s GDP deflator arrived …
Read More »China leads losses in Asia as geopolitical tensions escalate
China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …
Read More »Nikkei halts 7-day rally and falls at close
Japan’s Nikkei snapped a seven-day winning streak on Monday, dragged down by a decline in Wall Street in the previous session. Investors awaited US gross domestic product data and this week’s Federal Reserve meeting. The Nikkei index fell at the close 0.77 percent to close at 27,699.25 points, retreating from …
Read More »Inflation in Japan jumps to its highest level since 2015 to 2.2%
Japan’s headline inflation gauge rose over the past month, exceeding the 2% target level set by the Bank of Japan. The CPI growth rate, excluding fresh food, accelerated to 2.2% in June annually. This came as energy cost inflation was exacerbated by the weak yen and higher processed food prices. …
Read More »Japan’s Nikkei closes lower on recession fears
Japan’s Nikkei gave up earlier gains to close lower on Wednesday as recession fears pushed US stock futures lower after big gains on Wall Street Tuesday night. The Nikkei index fell 0.37 percent to 26,149.55 points, after rising 0.82 percent, to reach its highest level in a week at 26,462.83 …
Read More »Nikkei climbs after falling to its lowest level in three months
Japan’s Nikkei index rose strongly on Tuesday after falling to its lowest level in three months, as investors welcomed the rise in US stock indices and the buying interest in cyclical decliners. The Nikkei ended trading on Tuesday, up 1.84% to close at 26,246.31 points, after rising as much as …
Read More »Nikkei closes at its lowest level in more than five weeks
Japan’s Nikkei closed at a more than five-week low on Monday as energy and chip-related shares led losses as investors struggled to find signs of market action due to a holiday in the United States. The Nikkei index fell 0.74 percent to 25,771.22 points, its lowest closing level since May …
Read More »The Nikkei index suffers its biggest weekly loss in two years after the Bank of Japan’s decision
Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …
Read More »Nikkei halts a 4-session decline
The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …
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