Japanese stock market is trading modestly higher
Japanese Market Trades Higher
Date: Jun 25, 2014
Source: RTTNews
The Japanese stock market is trading modestly higher on Thursday, with investors indulging in some buying after the previous session’s decline. While a positive lead from Wall Street is aiding sentiment, a slightly stronger yen is limiting the market’s gains.
The benchmark Nikkei 225 index is up 50.3 points or 0.3 percent at 15,316.9, after having advanced to 15,345.1 earlier.
Unitika is rising 4.3 percent. Amada Co. and Fujitsu are moving up 3.7 percent and 3.3 percent, respectively. KDDI Corp., Kobe Steel, Sumitomo Heavy Industries, Sumco Corp., Mitsui Mining & Smelting, GS Yuasa Corp., Kansai Electric Power, NH Foods and Dentsu Inc. are up 1.7 to 2.5 percent.
Yahoo Japan is climbing 1.7 percent after the company announced that it will foray into the credit card business by investing in KC Card, a subsidiary of midsize nonbank financial institution J Trust. While Yahoo Japan will buy a 65 percent stake, Softbank Payment Service will purchase the rest.
Tokyo Electric Power announced that it is planning to enter the U.K. wholesale power market. Initially, Tokyo Electric Power will partner NGK Insulators and form a joint venture in the U.K. While Tokyo Electric Power is up 0.8 percent, NGK Insulators is trading higher by about 1.7 percent.
Foreign investors buying more Japanese shares
Date: Jun 27, 2014
Source: NHK World
Foreign investors are buying more Japanese stocks and pushing prices higher.
Officials at the Tokyo Stock Exchange say overseas investors last week bought 2.5 billion dollars more than they sold at the Tokyo and Nagoya bourses.
The officials say foreign investors have been net buyers of Japanese stocks for three weeks in a row. That’s the first time in more than three months. The move is helping to lift the Nikkei index in Tokyo back above the 15,000 level.
Market watchers say foreign investors are hoping Japan’s public pension fund will put more money into stocks. The government is planning to review how the fund invests its money as part of the nation’s new growth strategy.