financetom
World
financetom
/
World
/
Nikkei dips as soft data, post-election lull cap moves
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nikkei dips as soft data, post-election lull cap moves
Mar 11, 2026 4:12 AM

TOKYO, Feb 16 (Reuters) - Japan's Nikkei share average

drifted lower on Monday, with financials leading losses, as

weaker-than-expected economic data and a ​post-election lull

capped moves.

The Nikkei 225 Index ‌was down 0.2% at 56,824.37, as

of 0146 GMT. The broader ⁠Topix slid 0.7% to 3,792.63.

Preliminary October-December gross domestic ⁠product (GDP)

figures showed that the Japanese ‌economy missed economists'

median ‌forecast on softer capital spending, although it did

reverse the previous ​quarter's contraction.

"I figured the ‌GDP figures would be treated as past figures,

but seeing the Nikkei average struggling ​to gain, there may ​be

some slight ‌impact," said Masahiro Ichikawa, chief market

strategist at Sumitomo Mitsui DS Asset Management.

The rally in Japanese ⁠equities following Prime Minister

Sanae Takaichi's snap-election victory ⁠earlier this month may

also have run its course for now, Ichikawa added.

The banking sector was down 3.22%, with Resona

Holdings ( RSNHF ) and Mizuho Financial Group ( MFG ) ⁠dropping

7% ‌and nearly 5%, respectively.

The largest loser ‌by percentage in the Nikkei was medical

equipment maker ⁠Olympus, down nearly 13%, following

disappointing earnings. Printing and electronics firm Toppan

Holdings fell 5.5%.

Bucking the overall sombre mood, shares of Sumitomo Pharma ( DNPUF )

surged 13.9% to lead the Nikkei's gainers by percentage

after the drugmaker said Japan's health ministry ​would review

its iPS cell-derived therapy for advanced Parkinson's disease

this week.

Credit card company Credit Saison ( CSASF ) jumped 9%, ​and

furniture maker Nitori ( NCLTF ) ‌Holdings gained 8.2%.

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 >
DIARY-Europe's STOXX 600 corporate earnings week ahead
DIARY-Europe's STOXX 600 corporate earnings week ahead
Mar 22, 2024
March 22 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Company Event Name Start Date Start Time RIC Name (GMT) 25-Mar-2024 13:00 IMI.L IMI PLC IMI PLC Retail Investor Webinar 25-Mar-2024 07:00 KGF.L Kingfisher PLC Full Year 2024 Kingfisher PLC Earnings Release 26-Mar-2024 NTS HRA.MI Hera SpA Q4 2023 Hera...
China yuan slides to four-month low, state banks step in
China yuan slides to four-month low, state banks step in
Mar 22, 2024
(Updates to market close) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low...
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
Mar 22, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar seems to have emerged a clear winner from the week's magical mystery tour of world central banks - with record high Wall St and world stocks getting a shot across the bow from Apple's ( AAPL ) antitrust bust. A whistle stop look...
European shares set for weekly gains; UK's Phoenix soars
European shares set for weekly gains; UK's Phoenix soars
Mar 22, 2024
* German business sentiment rises in March - Ifo * UK's Phoenix tops STOXX on upbeat outlook & results * Legal & General ( LGGNF ) up on shelving China business licence plan * STOXX 600 up 0.1% (Updated at 0918 GMT) By Shubham Batra March 22 (Reuters) - European shares were largely flat on Friday but maintained record highs...
Copyright 2023-2026 - www.financetom.com All Rights Reserved