Market Updates
Nikkei Index Extends Losses to Fourth Consecutive Day, Yen Hovers Near 34-year Low
Akira Ito
18 Apr, 2024
Tokyo
Benchmark indexes in Tokyo declined for the fourth session in a row as investors weigh the upcoming earnings outlook against weakening global market sentiment.
Stocks were under pressure in Tokyo after the yield on 10-year Japanese government bonds edged higher to 0.9% and the yen hovered near its 34-year low at 154.30 against the U.S. dollar.
The yield on 2-year Japanese government bonds decreased to 0.27%, andthe yield on 30-year bbondsedged lower to 1.92%.
Investors are looking forward to the release of earnings from vehicle makers, trading companies, banks, and electronics exporters.
But market sentiment remained negative following the decline in indexes on Wall Street.
The S&P 500 index and the Nasdaq Composite declined for the fourth day in a row on the ongoing interest rate uncertainty after the latest batch of economic data pointed to resilient U.S. economies and labor market conditions.
Moreover, several of the of the Federal Reserve's policymakers poured cold water over the expectations of a rate cut at the next meeting in June.
The Nikkei 225 Stock Average rose 0.2% to 38,037.33, and the Topix index added 0.6% to 2,677.82.
Tokyo Electron, Advantest, SoftBank, and Lasertec declined between 0.5% and 4%.
Toyota Motor advanced 0.4% to ¥3,611.0 on the news that the vehicle maker is recalling 211,000 Prius to fix a door handle malfunction.
Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho Financial Group rose between 1.2% and 1.5%.
Marubeni, Itochu, Mitsui & Co., and Sumitomo Group rose between 1.5% and 2.5%.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|