Tokyo rebounds from mixed Wall Street session


Tokyo (awp / afp) – The Tokyo Stock Exchange was rebounding on Friday morning despite the mixed closing on Wall Street the day before, driven by purchases after several sessions of decline and the rise of certain star stocks in the middle of the earnings season. companies.

The flagship Nikkei index gained 1.98% to 26,259.17 points around 01:00 GMT and the broader Topix index advanced 1.26% to 1,852.20 points.

Japanese market moves could be limited after volatility on Wall Street the day before, however, Toshiyuki Kanayama commented in a Monex note.

The New York Stock Exchange experienced a choppy session on Thursday, concerned about inflation and geopolitical developments around the war in Ukraine.

On the side of values

SOFTBANK “ON THE DEFENSIVE”: the title SoftBank Group jumped 8.55% to 4,875 yen. The Japanese giant of investments in new technologies published Thursday a record net loss of 1.708 billion yen (12.5 billion euros) in its 2021/22 financial year, victim of the collapse of global tech on the markets.

But the unusually sober attitude of its CEO-founder Masayoshi Son, who deemed it necessary “to be on the defensive” and swore that he was “more selective” in terms of investments, and especially the hopes of acceleration of SoftBank’s buyback of its own shares, seemed to comfort investors on Friday.

NISSAN BACK IN THE GREEN: the title of the Japanese automaker Nissan fell on the contrary by 3.46% to 487.5 yen. French ally Renault has returned to profitability in 2021/22, for the first time in three years, with an annual net profit of 215.5 billion yen (1.6 billion euros), but many headwinds are blowing on its new financial year, where the market environment should be “even more severe”, warned the manufacturer.

On the side of oil and currencies

Oil prices rose: around 01:00 GMT the price of a US barrel of WTI gained 1.45% to 107.67 dollars and that of a barrel of Brent from the North Sea advanced by 1.57% to 109.14 dollars.

On the foreign exchange market, the yen fell against the dollar, which was worth 128.83 yen around 01:10 GMT against 128.34 yen Thursday at 21:00 GMT.

The Japanese currency also lost ground against the euro, which traded for 133.74 yen against 133.22 yen the day before.

One euro was also worth 1.0381 dollars, against 1.0380 dollars Thursday at 9:00 p.m. GMT.

mac/ybl



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