financetom
World
financetom
/
World
/
Japan's Nikkei ends higher in choppy trade
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei ends higher in choppy trade
Dec 3, 2024 11:50 PM

(Updates for market close)

By Brigid Riley

TOKYO, Dec 4 (Reuters) - Japan's Nikkei share average

eked out gains to rise for a third straight day on Wednesday, as

a softer yen and buying of retail-related shares helped narrow

morning losses on profit-taking.

The Nikkei rebounded after declining in early trade

to close 0.1% higher at 39,276.39.

The broader Topix was down 0.5% at 2,740.6.

Retail-related shares outperformed in afternoon trade to

boost the Nikkei.

Uniqlo parent firm Fast Retailing ( FRCOF ) climbed 2.4%. The

company on Monday said that Uniqlo's domestic same-store sales

in November increased 12.2% compared with last November.

Ryohin Keikaku ( RYKKF ) jumped 7.1% after the Muji retail

stores operator reported a rise in domestic and online store

sales last month compared to a year ago.

Home interior goods maker Nitori Holdings ( NCLTF ) advanced

3.6%.

Gaming firms Konami Group ( KNAMF ) and Nintendo ( NTDOF )

jumped 2.2% and 2.7%, respectively.

Entertainment conglomerate Sony Group ( SONY ), up 3.3%, was

among exporters to receive a boost as the yen slid against the

U.S. dollar on expectations that the Bank of Japan (BOJ) will

hike interest rates this month.

Japan's major technology shares slipped as investors secured

profit after Tuesday's large gains, but managed to recover some

losses.

AI-focused startup investor SoftBank Group shed

1.7% and chip-making equipment giant Tokyo Electron ( TOELF ) was

mostly flat, up 0.02%. Peer Advantest ( ADTTF ) gained 0.7%.

With monetary policy meetings in both the U.S. and Japan

coming up this month, economic news was in focus, said Kenji

Abe, chief strategist at Daiwa Securities.

The U.S. jobs report is expected on Friday, while the U.S.

CPI and the Bank of Japan's "tankan" survey are due later this

month.

"I think investors are paying a lot of attention to those,"

said Abe.

Focus is also on Federal Reserve Chair Jerome Powell's

speech later in the day for cues into U.S. rate cut path.

Banks faltered, with Resona Holdings ( RSNHF ) ending 4.3%

lower to be the top percentage loser.

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 >
CANADA STOCKS-TSX climbs to record high ahead of domestic jobs data
CANADA STOCKS-TSX climbs to record high ahead of domestic jobs data
Jul 10, 2025
* TSX ends up 0.4% at 27,082.30 * Eclipses Friday's record closing high * Industrials add 0.8%, led by Air Canada ( ACDVF ) * Uranium producer Energy Fuels ( UUUU ) jumps 16.3% (Updates to market close) By Fergal Smith TORONTO, July 10 (Reuters) - Canada's main stock index notched a record high on Thursday, led by gains for...
GLOBAL MARKETS-Stocks edge higher, Brazilian real bounces as investors weigh Trump's latest tariff moves
GLOBAL MARKETS-Stocks edge higher, Brazilian real bounces as investors weigh Trump's latest tariff moves
Jul 10, 2025
* S&P 500 up late * 50% tariff on US copper imports to begin August 1, says Trump * Bitcoin hits fresh record (Updates to U.S. afternoon trading) By Caroline Valetkevitch NEW YORK, July 10 (Reuters) - Stock indexes rose on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some...
GLOBAL MARKETS-Stocks edge higher, Brazilian real bounces as investors digest Trump's latest tariff moves
GLOBAL MARKETS-Stocks edge higher, Brazilian real bounces as investors digest Trump's latest tariff moves
Jul 10, 2025
* S&P 500 up slightly in early trading * 50% tariff on US copper imports to begin August 1, says Trump * Bitcoin holds near high (Update with early US trading) By Caroline Valetkevitch NEW YORK, July 10 (Reuters) - Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the...
European Equities Close Mostly Higher in Thursday Trading; EC President Survives No-Confidence Vote
European Equities Close Mostly Higher in Thursday Trading; EC President Survives No-Confidence Vote
Jul 10, 2025
12:08 PM EDT, 07/10/2025 (MT Newswires) -- The European stock markets closed mostly higher in Thursday trading as The Stoxx Europe 600 rose 0.55%, the FTSE 100 climbed 1.2%% , France's CAC 40 rose 0.30%, the Swiss Market Index advanced 1.04%, while Germany's DAX was down 0.38%. European Commission President Ursula von der Leyen has won a no-confidence vote regarding...
Copyright 2023-2026 - www.financetom.com All Rights Reserved