financetom
Market
financetom
/
Market
/
Japan's Nikkei ends slightly higher; dim corporate outlook dulls Sony's shine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei ends slightly higher; dim corporate outlook dulls Sony's shine
Nov 10, 2024 11:20 PM

(Updates at 0630 GMT)

TOKYO, Nov 11 (Reuters) - Japan's Nikkei share average

ended slightly higher on Monday, as gains were capped by

domestic firms' dim forecasts, with Sony ( SONY ) soaring on 73% rise in

its quarterly profit.

The Nikkei ended 0.08% higher at 39,533.32, while

the broader Topix inched down 0.09% at 2,739.68.

"A significant number of companies revised down their

outlook. That negative surprise has made investors cautious

about buying local stocks," said Shigetoshi Kamada, general

manager at the research department at Tachibana Securities.

"The market is awaiting the outcome of SoftBank (Group) and

banks to confirm the outlook trend."

Results of Honda Motor ( HMC ), which reported a surprise

15% drop in second-quarter operating profit last week, was

particularly a big surprise, said Kamada. The stock slipped

0.14% on Monday.

Nissan ( NSANF ) fell for a second session, falling 4.31%

after announcing last week it would cut 9,000 jobs and 20% of

its manufacturing capacity as it struggles with sales in China

and the United States.

Toyota ( TM ) slipped 0.34%.

Sony ( SONY ) jumped 6% after the audio equipment and game

maker's operating profit rose 73% in the July-September quarter.

Home appliances retailer Nojima ( NJMLF ) jumped 4.63% after

announcing it would buy Vaio, a computer business originally

owned by Sony ( SONY ), from an investment fund Japan Industrial

Partners.

Suzuki Motor ( SZKMF ) added 4.39% after raising its annual

operating and net profit forecasts for the year to March 2025.

Home security services provider Secom ( SOMLF ) fell 4.97% to

drag the Nikkei the most. Air conditioner maker Daikin

Industries ( DKILF ) shed 2.71%.

Of more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 42% rose, 55% fell and 2% traded flat.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TREASURIES-US yields tick higher, bond rally pauses after payrolls data revision
TREASURIES-US yields tick higher, bond rally pauses after payrolls data revision
Sep 9, 2025
(Updates to late-morning US trading) * US Treasury yields rise as bond-buying frenzy slows * Fed expected to cut interest rates amid weak labor market data * Traders await CPI report ahead of Fed's policy meeting By Alden Bentley NEW YORK, Sept 9 (Reuters) - U.S. Treasury yields rose on Tuesday as a long-end bond-buying frenzy abated, but briefly dipped...
US Equity Indexes Mixed in Midday Trading Following Revision in Annual Nonfarm Payrolls
US Equity Indexes Mixed in Midday Trading Following Revision in Annual Nonfarm Payrolls
Sep 9, 2025
12:31 PM EDT, 09/09/2025 (MT Newswires) -- US equity indexes were mixed in midday trading on Tuesday amid gains in government bond yields following a downward revision in annual nonfarm payrolls. The Nasdaq Composite rose less than 0.1% to 21,800.5. The S&P 500 was little changed at 6,495.1. The Dow Jones Industrial Average rose 0.2% to 45,590.4. Materials and industrials...
US STOCKS-Wall St pauses near record highs after job revisions keep rate cut bets intact
US STOCKS-Wall St pauses near record highs after job revisions keep rate cut bets intact
Sep 9, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Indexes: Dow up 0.09%, S&P 500 down 0.04%, Nasdaq down 0.06% * Nebius ( NBIS ) jumps after $17.4 billion deal with Microsoft ( MSFT ) * UnitedHealth ( UNH ) sees in-line top-rated Medicare plan memberships * Albemarle...
Beauty group Puig's first-half profit up 79% as it tackles US tariffs
Beauty group Puig's first-half profit up 79% as it tackles US tariffs
Sep 9, 2025
MADRID (Reuters) -Spanish beauty company Puig, known for its perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, said on Tuesday its first-half profit rose 79% to 275 million euros ($322 million) as sales increased in anticipation of higher U.S. tariffs. Puig said that part of the profit increase was due to extraordinary costs linked to the stock market flotation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved