iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Japan Nikkei rebounds on bargain hunting

8 Apr 2022 , 04:08 PM

Japan share market finished session higher on Friday, 08 April 2022, as risk sentiments underpinned by tracking overnight gains on Wall Street. Meanwhile, shares were additionally supported by dip-buying after steep losses in previous two sessions.

Market gains were, however, capped amid concerns that the extension of a COVID-19 lockdown in Chinas financial hub of Shanghai may hamper the countrys economic recovery as well as fears over aggressive monetary tightening by the U.S. Federal Reserve.

At closing bell, the 225-issue Nikkei Stock Average added 97.23 points, or 0.36%, to 26,985.80. The broader Topix index of all First Section issues on the Tokyo Stock Exchange advanced 3.89 points, or 0.21%, to 1,896.79.

Shares of Toyota Motor sank 3.4% to 2,095.5 yen, following reports that the Japanese automaker could be forced to pay some $1.5 billion in compensation to Australian customers who were sold cars with faulty diesel engine filters following its loss in a class action lawsuit.

Seven & i Holdings declined 3.4%, after the convenience store operators earnings results in the year through February released Thursday failed to meet market expectations.

Toshiba gained 1.9% to 4,980 yen, after the Japanese conglomerate announced Thursday that it would halt its plan to split into two companies and consider other options including taking the firm private.

Nikon surged 7.5% to 1,368 yen, after the precision instrument maker said Thursday it will buy back its shares worth 30 billion yen, a move that would enhance shareholder returns.

CURRENCY NEWS: The U.S. dollar traded near the 124 yen line as the currency was bought on speculation that the interest rate gap between the United States and Japan would widen following an overnight rise in U.S. Treasury yields. At 5 p.m., the dollar fetched 124.04-05 yen compared with 123.92-124.02 yen in New York and 123.75-77 yen in Tokyo at 5 p.m. Thursday.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.