Tokyo (awp / afp) – The Tokyo Stock Exchange was moving in the green on Monday morning, after the sharp rise on Wall Street on Friday fueled by investors looking for bargains, and ahead of the announcements of results from Japanese companies.
After falling in the first exchanges, the Nikkei index of 225 Japanese star stocks gained 0.6% to 26,878.81 points around 01:15 GMT.
The broader Topix index rose 0.57% to 1,887.58 points.
The fluctuations on the Tokyo market “should remain limited” because the Japanese market had already progressed on Friday, ahead of Wall Street, commented Toshiyuki Kanayama of Monex.
Investors were also already focused on the earnings season, with announcements expected this week from Sony and Nintendo.
On the side of values
HONDA: Japanese automaker Honda (-1.34% to 3,311 yen) is considering ordering batteries for electric vehicles from Chinese manufacturers – including Envision AESC, already a Nissan supplier – and South Korean (LG Energy Solution ) in order to increase its production, according to information from the Yomiuri Shimbun published on Sunday.
According to the newspaper, Honda could make an official announcement in February and would also plan joint purchases of batteries with General Motors in the United States in order to reduce costs.
On the side of currencies and oil
The yen fell back against the dollar, at the rate of one dollar for 115.45 yen around 01:15 GMT against 115.26 yen on Friday at 21:00 GMT.
The Japanese currency followed the same trajectory against the euro, which was worth 128.68 yen against 128.52 yen at the end of last week.
One euro traded for 1.1146 dollars, against 1.1151 dollars on Friday.
The oil market progressed: around 01:10 GMT the price of a barrel of American WTI gained 1.45% to 88.08 dollars.
mac/elm