Japan shares hampered by trade worries, defensives gain


MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session. Australian shares were up 0.8 percent. Hong Kong's Hang Seng index jumped 1.5 percent, flirting with seven-year highs, on expectations of more money inflows from the mainland following Beijing's fresh moves to expedite cross-border investment. Mainland bourses also rose, with the CSI300 Index adding 0.9 percent and the Shanghai Composite Index rising 1.1 percent, both to fresh seven-year highs Japan's Nikkei stock index was nearly flat, taking a breather after a run of seven straight gains and closing at a fresh 15-year high on Monday. Reuters file pic shows a pedestrian reflected in an electronic board showing the various stock prices outside a brokerage in Tokyo.

TOKYO: Japan's Nikkei eked out small gains on Thursday but the market was hampered by concerns about the U.S. trade war with Mexico and China, prompting investors to buy domestic-demand oriented shares.

The Nikkei share average rose 0.27% to 20,832.46 though the index was propped up disproportionately by rises in its top two heavyweights, Softbank Group and Fast Retailing, which rose 3.4% and 2.8% respectively.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Nikkei , Topix , trade wars

   

Next In Business News

Genting Plantations expects demand for palm products to advance in 2024
FBM KLCI up despite market weakness, Middle East tension
Surging dollar pressures Asian FX; S.Korean won leads losses
China set to keep lending benchmark LPRs unchanged in April
Gold rises as safe-haven appeal boosted by Israel's attack on Iran
MKH Oil Palm IPO oversubscribed by 8.4 times
Bank Negara adds four companies to Financial Consumer Alert list
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below US$60,000 on reports Israel strikes Iran

Others Also Read