Market Updates

Asian Markets Advance On Earnings and Positive Cues from Wall Street

Arjun Pandit
04 Aug, 2022
New York City

    Stocks in Asia generally closed higher and the indexes in China surged despite the ongoing military exercises near the island nation Taiwan. 

    The benchmark index in Japan closed higher following the overnight surge in New York trading. 

    Toyota Motors fell 3.0% to 2,091.50 yen  after the largest automaker reported a sharp fall in quarterly profit of 42%. 

    Revenues rose 7% to 8.5 trillion yen and comprehensive income plunged 42% to 1.7 billion yen.  

    Casio Computer surged 6.3% to 1,386.0 after the electronics company reported second quarter revenues rose 3% 61.3 billion yen and net income declined 6.5% to 5.7 billion yen. 

    Subaru Corp jumped 8.3% to 2,386.0 yen after the automaker reported second quarter revenues surged 33% to 834 billion yen and net income soared 47% to 27 billion yen. 

    Earnings per share jumped to 35.5 yen from 24.2 yen a year ago. 

    The Nikkei 2005 index increased 0.7% to 27,932.20, the Hang Seng index rose 2.2% to 20.174.04. and the Sensex index closed down 0.1% to 58,298.80. 

     

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