Market Updates
Weekly Drop of 2.3% in Tokyo
Hiruki Nakamura
10 Jan, 2014
New York City
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Nikkei index in Tokyo gained 0.2% and fell 2.3% in the week. The yen traded near 105 against the U.S. dollar. Investors await structural reforms announcement from the government.
[R]4:30 PM Tokyo – Nikkei index in Tokyo gained 0.2% and fell 2.3% in the week. The yen traded near 105 against the U.S. dollar. Investors await structural reforms announcement from the government.[/R]
Nikkei index in Tokyo closed higher but for the week declined as investors focused on stretched valuations.
The Nikkei 225 Stock Average increased 31.73 or 0.2% to 15,912.06 and the Topix index rose 1.73 to 1,298.48. For the week, Nikkei 225 dropped 2.3%.
The yen closed at 104.96 against the U.S. dollar after loss of three day in a row.
Stocks in Review
Toyota Motor Corp rose 20 yen to 6,290 yen after the Japan Automobile Dealers Association said Aqua hybrid compact built by Toyota was the top-selling vehicle in Japan in 2013.
Total of 262,367 Aqua cars were sold and Prius hybrid came second with 253,711 units.
Honda Motor Co added 5 yen to 4,265 yen. Nissan Motor Co Ltd gained 10 yen to 942 yen.
Sony declined 59 yen or 3.1% to 1,835 yen.
Softbank Corp jumped 100 yen to 9,020 yen.
NTT Docomo Inc gained 1.9% to 1,749 yen after the Japan-based mobile communication provider said it added net 279,100 in December to become the top-selling carrier in Japan and first time in two years.
The company added sales jumped in smart-phones using Android operating system.
Annual Returns
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Earnings
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