.jpg)
7 hours ago
1
Article content
(Bloomberg) — Japanese equities rose for the first day in four after US President Donald Trump’s announcement of a tentative ceasefire between Iran and Israel soothed market sentiment.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
- Topix Index rose 0.8% to 2,784.42 as of 10:45 a.m. Tokyo time
- Nikkei advanced 1.2% to 38,826.13.
Article content
Article content
Sony Group Corp. contributed the most to the Topix Index gain, increasing 2.7%. Out of 1,683 stocks in the index, 1,155 rose and 467 fell, while 61 were unchanged.
Article content
Article content
Even before Trump’s announcement on his Truth Social platform, futures pointed to gains as Iran’s retaliatory strike against a US air base in Qatar was viewed as unlikely to trigger a broader economic fallout.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“Japanese stocks will likely attract some bargain hunting,” said Hideyuki Ishiguro, chief strategist at Nomura Asset Management Co. “Iran’s retaliation against the US was limited and pre-announced, and tensions in the Middle East will likely subside in the short-term.”
Article content
Still, factors that may drag down shares remain, such as Trump’s unresolved tariff threats and the Federal Reserve’s uncertain policy outlook.
Article content
“Selling pressure seems to be accumulating, and a sharp selloff could be triggered should there be tariffs or risk-off factors,” said Kohei Onishi, senior investment strategist at Mitsubishi UFJ Morgan Stanley.
Article content
Electric appliances and banks led gains in the Topix, while energy related shares dropped, tracing a slump in oil prices.
Article content
ADVANCERS
Article content
- Lasertec (6920) +12%
- Tokyo Electron (8035) +4.7%
- SoftBank (9984) +4.5%
Article content
DECLINERS
Article content
- ENEOS (5020) -1.9%
- Mitsui OSK (9104) -1.2%
- Nippon Yusen (9101) -1.1%
Article content
Article content
INSIGHTS
Article content
- 26 of the 33 sector indexes on the Tokyo Stock Exchange advanced; Tokyo Stock Exchange TOPIX Air Transportation Index was the best performer, while Tokyo Stock Exchange TOPIX Mining Index fell the most
- The MSCI AC Asia Pacific Index was up 1.6%
- Topix Index is unchanged year-to-date, vs. MSCI AC Asia Pacific Index up 9.7%
- Topix Index members are trading at 14.7 times their estimated earnings for the next 12 months
Article content
RELATED NEWS
Article content
- Trump Announces Tentative Ceasefire Between Israel and Iran
- Oil Extends Slump as Trump Announces Ceasefire in Middle East
- Iran’s Araghchi: Will Hold Fire If Israeli Strikes Stop
Article content
English (US)