financetom
World
financetom
/
World
/
Japan's Nikkei rise on tech gains, tariff worries limit gains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei rise on tech gains, tariff worries limit gains
Feb 11, 2025 7:41 PM

TOKYO, Feb 12 (Reuters) - Japan's Nikkei share average

rose on Wednesday, led by heavyweight technology stocks, but the

gains were capped due to persistent worries about the U.S.

tariff policy.

The Nikkei rose 0.16% to 38,863.82 by the midday

break. It gained as much as 0.78% earlier in the session.

The broader Topix reversed early gains to fall 0.28%

to 2,725.45.

"Although Japan is not yet a direct target of the tariff

policy of the U.S., whenever we hear about anything new about

this subject, the market becomes nervous," said Shuutarou

Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.

"The auto sector is the most sensitive to the tariff

issues."

The U.S. President on Monday raised tariffs on steel and

aluminum imports to 25% from the previous 10%, eliminated

country exceptions, as well as product-specific exclusions, and

promised to announce global reciprocal tariffs within days.

Overnight, the Nasdaq declined, but the Dow Jones

Industrial and S&P 500 climbed.

Japan's stock market was closed on Tuesday for a public

holiday.

Among stocks that lifted the benchmark Nikkei, chip-testing

equipment maker Advantest ( ADTTF ) rose 2.13% and SoftBank Group

gained 2.15%.

Medical services platform operator M3 surged 18% to

become the top percentage gainer on the Nikkei.

Cable makers, a gauge for data centre investments, rose on

the day, with Fujikura ( FKURF ) and Furukawa Electric ( FUWAF )

jumping 6% and 4%, respectively.

Auto stocks slipped 1.32%. The sector

declined as Toyota Motor ( TM ) fell 1.47%, Honda Motor ( HMC )

shed 1.23% and Nissan Motor ( NSANF ) slumped 6.8%.

Brokerages lost 2.13% to become the worst

performing sector among the 33 sub-indexes.

Of the 225 Nikkei components, 85 stocks rose and 137 fell,

while three 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 >
TRADING DAY-Global rebound enters day two, Wall St lags
TRADING DAY-Global rebound enters day two, Wall St lags
Mar 17, 2025
ORLANDO, Florida, March 17 (Reuters) - TRADING DAY Making sense of the forces driving global markets Global equity markets on Monday kept up the positive momentum initiated by Friday's rebound, as investors parked their concerns over escalating global trade tensions and hoovered up cheap and beaten down stocks. Many short-term positioning and momentum indicators suggest Wall Street was oversold, so...
Trading Day: Global rebound enters day two, Wall St lags
Trading Day: Global rebound enters day two, Wall St lags
Mar 17, 2025
ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets Global equity markets on Monday kept up the positive momentum initiated by Friday's rebound, as investors parked their concerns over escalating global trade tensions and hoovered up cheap and beaten down stocks. Many short-term positioning and momentum indicators suggest Wall Street was oversold, so in that...
CANADA FX DEBT-Canadian dollar posts 11-day high as investor sentiment improves
CANADA FX DEBT-Canadian dollar posts 11-day high as investor sentiment improves
Mar 17, 2025
* Canadian dollar gains 0.6% against the greenback * Touches an 11-day high at 1.4276 * Home sales tumble 9.8% in February * Bond yields ease across the curve By Fergal Smith TORONTO, March 17 (Reuters) - The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Monday as equity markets rallied and investors cheered China's plan...
CANADA STOCKS-TSX extends recovery as resource shares lead broad-based gains
CANADA STOCKS-TSX extends recovery as resource shares lead broad-based gains
Mar 17, 2025
(Updates at market close) By Fergal Smith March 17 (Reuters) - Canada's main stock index rallied for a second straight day on Monday as some investors took the view that the recent selloff in the market was a buying opportunity, with energy and metal mining shares leading broad-based gains. The Toronto Stock Exchange's S&P/TSX composite index ended up 231.71 points,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved