Japanese stocks fell on Thursday as investors continued to shy away from risky bets amid a weak earnings season, but Toyota shares surged after unexpectedly avoided a loss last quarter.<\/p>\n\n\n\n
The Nikkei fell 0.43% to 22,418.15 points, and technology and consumer goods stocks were the most declining.<\/p>\n\n\n\n
The broader TOPIX index fell 0.31% to 1,549.88 points.<\/p>\n\n\n\n
A series of profits and disappointing expectations from companies due to the Covid-19 pandemic affected the Japanese market in the previous few sessions.<\/p>\n\n\n\n
Some analysts believe that the decline in corporate profits is at its lowest level and that profits will recover gradually.<\/p>\n\n\n\n
Among the top 30 stocks on the index which recorded a worse performance than the market overall, was Honda Motor, which fell 6.31%, followed by East Japan Railway by 2.47%<\/p>\n\n\n\n
Honda shares fell after the automaker expected a 68% drop in annual operating profit and posted its worst quarterly operating loss since the quarter ending March 2009.<\/p>\n\n\n\n
Toyota Motor was the top gainer on the TOPIX, rising 2.29%. Toyota posted an operating profit of 13.9 billion yen ($ 131.73 million) in the three months ending in June, the worst result in nine years, but still better than expectations of a 179 billion yen loss.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks fell on Thursday as investors continued to shy away from risky bets amid a weak earnings season, but Toyota shares surged after unexpectedly avoided a loss last quarter. The Nikkei fell 0.43% to 22,418.15 points, and technology and consumer goods stocks were the most declining. The broader TOPIX index fell 0.31% to 1,549.88 …<\/p>\n","protected":false},"author":9,"featured_media":32306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939],"class_list":["post-32305","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32305"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32305\/revisions"}],"predecessor-version":[{"id":32307,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32305\/revisions\/32307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32306"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}