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☆ Japan's Nikkei set to retake 40,000 mark after Trump election victory; Hong Kong poised to slip
▼ + stars: | 2024-11-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Asia-Pacific markets are set to mostly climb on Thursday, after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Stocks surged in the U.S. after Trump's win, and the same phenomenon is set to repeat itself in Asia. Japan's Nikkei 225 is set to retake the 40,000 mark for the first time in about a month.

Persons: Donald Trump, Kamala Harris, Stocks Organizations: Tokyo Stock Exchange, White, NBC News, Trump, Electoral, Japan's Nikkei, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Pennsylvania, North Carolina, Georgia, U.S, Chicago, Osaka

☆ Goldman Sachs names 2 top auto stocks in Asia — giving one 44% upside
▼ + stars: | 2024-11-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks. Mahindra and Mahindra Goldman is betting on Mahindra and Mahindra given its "unique pipeline" in India's SUV car market. Goldman has a 12-month target price of 3,600 Indian rupees ($42.80) on the stock, implying 25% potential upside. Goldman has a target price of 2,200 Japanese yen ($14.50) on the stock, implying 44.3% potential upside.

Persons: Goldman Sachs, Chandramouli Muthiah, Goldman, Kota, — CNBC's Michael Bloom Organizations: India's Mahindra, Mahindra, Japan's Honda, Mahindra Goldman, Electric Vehicle, National Stock Exchange, Bombay Stock Exchange, Honda, Tokyo Stock Exchange, HMC Locations: Asia, India, China, U.S, Japan

☆ 'Absurdly cheap': Bottom-up investor names Japan sectors — and stocks — to invest in right now
▼ + stars: | 2024-10-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.

Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S

☆ Investing in Japan after the elections? The pros share their take
▼ + stars: | 2024-10-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The outcome of this snap election signals that Ishiba may face difficulties in getting his party's policies passed in parliament. These include "more fiscal stimulus measures," and a cut in tax rates, Okamura added. His comments come amid expectations of the Bank of Japan leaving its rates unchanged at its meeting on Oct. 31. 'High-quality companies' Okamura is now betting on "higher quality companies with good pricing power." The five are also among the top holdings in the 19.1 billion yen (124.6 million) Japan Equity Engagement Fund .

Persons: Shigeru Ishiba's, Komeito, Izumi Devalier, CNBC's, Neuberger Berman's Kei Okamura, Okamura —, —, Okamura, bode Organizations: Liberal Democratic Party, Bank of America, Nikkei, Tokyo Stock Exchange, Bank of Japan's, U.S . Federal Reserve, Fed, Bank of Japan, Hitachi, Mitsubishi Logistics, Tokyo Marine Holdings, Japan Equity, Tokyo Marine Locations: Japan, Tokyo, shareholdings

☆ Olympus shares drop over 5% after CEO resigns over drug allegation
▼ + stars: | 2024-10-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022. Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation. The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data. So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%. Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.

Persons: Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford Organizations: Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America Locations: Tokyo, Japan

☆ The CEO of optics giant Olympus has resigned after accusations he bought illegal drugs, sending its shares plummeting
▼ + stars: | 2024-10-28 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

The CEO of optics giant Olympus has resigned after it was alleged that he had bought illegal drugs. Stefan Kaufmann's departure as CEO pushed the company's shares almost 6% lower Monday. AdvertisementOlympus Corporation's CEO, Stefan Kaufmann, has exited the optics giant following allegations he purchased illegal drugs. It said that based on the results, Kaufmann had likely acted inconsistently with Olympus' global code of conduct, core values, and corporate culture. Business Insider was unable to reach Stefan Kaufmann for comment.

Persons: Stefan Kaufmann's, —, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Julie Hamp Organizations: Olympus, Service, Tokyo Stock Exchange, Police, Kyodo, Toyota Motor Corporation Locations: Tokyo, Japan

☆ Tokyo Metro set to raise $2.3 bln in Japan's biggest IPO in 6 years, Reuters reports
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: +1 min

Tokyo Metro is expected to raise 348.6 billion yen ($2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for six years. One of Tokyo's two major subway operators, the company is set to announce the pricing later on Tuesday and list on the Tokyo Stock Exchange on Oct. 23. The price gives Tokyo Metro a dividend yield of 3.3% based on its forecast dividend of 40 yen per share for the financial year ending March 2025. "That stands out compared to other private and JR railways," said Kazumi Tanaka, an analyst at DZH Financial Research. The central government, which owns 53.4% of Tokyo Metro, and the Tokyo government, which holds the remaining 46.6%, are selling half of their shares in the IPO.

Persons: Kazumi Tanaka Organizations: Tokyo Metro, Tokyo Stock Exchange, DZH Financial Locations: Tokyo, Japan

☆ Tokyo Metro's IPO could drive momentum in the Japanese market as Chinese listings dry up
▼ + stars: | 2024-10-15 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +3 min

Tokyo Metro's initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam. In Japan's biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday. "I think both the Tokyo government as well as the Ministry of Finance, obviously, won't want the IPO to fail." Hyundai India also started taking orders for its $3.3 billion IPO in Mumbai this week, in a deal set to become the country's biggest listing. When asked if he thinks Tokyo Metro and Hyundai India's listings will open the floodgates for more activity, he said, "I do."

Persons: Mio Kato, CNBC's, Kato, Dealogic, Ringo Choi, Choi, — CNBC's Dylan Butts Organizations: Tokyo Metro, Japan's, Reuters, Tokyo Stock Exchange, LightStream, Ministry of Finance, NASDAQ, Hyundai, EY's Locations: Tokyo, China, Asia, Pacific, India, Japan, Hyundai India, Mumbai, EY's Asia

☆ Budget brands are winning in China as people turn to cheap food and fashion
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Companies like Japan's Saizeriya, Yum China, and Fast Retailing have recently reported strong sales. There are similarities between Japan's "Lost Decade" of economic stagnation in the 1990s, after the country's asset and credit bubbles burst, and China's economic downturn now. The ethos has benefited companies with budget offerings, including Yum China, which operates KFC and Pizza Hut in the country. Intense competitionHowever, China's market is a fast and furious one — even for winners — and the country's economic downturn has created cut-throat competition with aggressive price wars. As China's economic malaise deepened, boba tea went from premium pricing around $3.50 to $5.50 on average to as little as $1 or less over the last few years.

Persons: —, Hideharu Matsutani, Matsutani, Saizeriya, MingYii Lai, Lai, Uniqlo, boba, Jason Yu, Kantar, BI's Matthew Low, Allison Malmsten Organizations: Retailing, Service, McKinsey, Tokyo Stock Exchange, Daxue Consulting, Shoppers, Yum, Fast Retailing, — Locations: China, Japan, Beijing, Greater China, Yum China

☆ Asia-Pacific markets open higher after S&P 500 and Dow hit new highs
▼ + stars: | 2024-10-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024. SINGAPORE — Asia-Pacific markets opened mostly higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shook off geopolitical concerns. Japan's Nikkei 225 opened up 0.5%, while the broad-based Topix gained 0.4%. Traders in Asia will assess data from September on producer prices in Japan which rose 2.8% from a year ago. Hong Kong Hang Seng index futures were at 21,070, higher than the HSI's last close of 20,637.24.

Persons: Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Dow Jones, Nikkei, Traders, Reuters Locations: Tokyo, Japan, SINGAPORE — Asia, Pacific, Asia, Hong Kong, China, Shenzhen, Beijing

☆ Japan's Nikkei 225 jumps 2.5% as yen weakens
▼ + stars: | 2024-10-03 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japan stocks led Asian markets higher Thursday, after Wall Street inched higher amid rising tensions in the Middle East. Japan's Nikkei 225 opened 2.57% higher while the broad-based Topix added 2%. Australia's seasonally adjusted Judo Bank Composite PMI data came in at 49.6 in September, lower from the 51.7 in August, falling past the 50 neutral mark. Other data on tap include Japan's PMI data for September and August retail sales from Hong Kong.

Persons: Shigeru Ishiba, Ishiba, Kazuo Ueda Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, Bank of Japan, PMI, Australian Bureau, Statistics, Economists Locations: Tokyo, Japan, Asia, Hong Kong

☆ Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty ImagesJapan's Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Stock Chart Icon Stock chart iconSeparately, China will release its official purchasing managers' index numbers for September, with economists polled by Reuters expecting the manufacturing PMI to come in at 49.5, a softer contraction compared to August's 49.1. The Caixin PMI survey, which is a private survey compiled by S&P Global, will also be released Monday. Australia's S&P/ASX 200 climbed 0.62%, breaching its all-time high of 8,246.2.

Persons: Richard A, Brooks, Topix, Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Afp, Getty, Reuters, PMI, P Global Locations: Nihonbashi, Tokyo, Australia, China, Japan

☆ 7-Eleven's parent company rejects $38.6 billion takeover bid, says offer 'grossly undervalues' company
▼ + stars: | 2024-09-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Photographer: Soichiro Koriyama/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSeven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard , saying the offer "is not in the best interest" of its shareholders and stakeholders. According to LSEG data, the offer price will value Seven & i at $38.55 billion. In April, Seven & i announced a restructuring plan for the company, aimed at growing 7-Eleven's presence globally as well as divesting its underperforming supermarket business. Herrick explained Artisan asked Seven & i to consider the offer because the fund feels that capital allocation overseas has been overlooked. "You have more than 50,000 stores, or about 50,000 stores that are generating about $100 million or just over $100 million of operating profit for for the company.

Persons: Alimentation, Soichiro Koriyama, Tard, Stephen Dacus, Dacus, Alain Bouchard, Ben Herrick, Herrick Organizations: Seven, Holdings Co, Tard Inc, Bloomberg, Getty Images Bloomberg, Getty, Holdings, Tokyo Stock Exchange, litigating, Artisan Partners, Partners, & $ Locations: Kobe, Japan, U.S, Tokyo, United States

☆ These 4 Japanese stocks are trading at a 'deep discount': Bernstein
▼ + stars: | 2024-08-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Japan's stock market has rebounded from last week's sell-off and investment firm Bernstein sees promise looking ahead, recommending a specific trading strategy and naming overweight-rated stocks. Both indexes have since recouped some losses, with the Topix and Nikkei ending 2.83% and 3.45% higher respectively on Tuesday. Below are four stocks from the investment bank's defensive screen, listed on the Tokyo Stock Exchange. Stocks trading at a 'deep discount' Among the names on the bank's screen is video games company Nintendo . According to FactSet, analysts on average give Capcom over 19% upside, Keyence almost 24% upside and Bandai Namco 22.5% upside potential.

Persons: Bernstein, Rupal Agarwal, — CNBC's Michael Bloom, Charmaine Jacob, Arjun Kharpal Organizations: Nikkei, BOJ, Bank of, Tokyo Stock Exchange, U.S, Stocks, Nintendo, Capcom, Keyence Corp, Bandai Namco Holdings, Bandai Namco Locations: Bank of Japan, Japan

☆ The big ‘carry trade’ unwind is far from over, strategists warn
▼ + stars: | 2024-08-13 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

watch nowEconomists have said it is difficult to accurately assess the scale of the yen carry trade, with estimates varying widely. Some analysts, using Japan's foreign portfolio investments, say the yen carry trade could total as much as $4 trillion, Reuters reported. "The real Japan strategy is not just a quick carry trade, borrowing at close to zero interest rates in Japan and investing in high yield assets. Analysts at Barclays said systematic selling pressure does not appear to have been exhausted yet and it's "too early" to call an all-clear to the carry trades unwind. We expect volatility to remain elevated, which should continue to hurt EM carry trades," the analysts at Barclays said in a research note published Sunday.

Persons: Kazuhiro Nogi, Richard Kelly, he'd, Kelly, CNBC's, Nogi, Jesper Koll, Koll, What's Organizations: Tokyo Stock Exchange, Afp, Getty, Bank of Japan, TD Securities, Reuters, TS Lombard, Bank of, The Bank of Japan, Federal Reserve, Monex, Barclays Locations: Tokyo, Japan, MEX, Brazil, Bank of Japan, U.S

☆ Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upside
▼ + stars: | 2024-08-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

In a note on Aug. 7, Goldman's analysts revealed a number of top picks, including three buy-rated Japanese stocks with over 40% upside potential over the next 12 months. Year-to-date, Asics shares are up 99.5%. Goldman has a target price of 3,100 Japanese Yen ($21.07) on the stock, giving it around 50% upside potential at the time of the note. Goldman has a target price of 6,900 Japanese Yen on the stock, or 37% potential upside. Goldman has a target price of 4,850 Japanese Yen on the stock, giving it around 54% upside potential at the time of the bank's note.

Persons: Goldman Sachs, U.S . Asics Corporation Goldman, Sho Kawano, Asics, Goldman, Suntory Beverage & Food Goldman, Takashi Miyazaki, Miyazaki, Ryo Harada, — CNBC's Michael Bloom Organizations: Nikkei, Tokyo Stock Exchange, U.S . Asics Corporation, Asics Corp, Suntory Beverage & Food, Asia Pacific, Suntory, Yen, Hitachi Locations: U.S, Japan, Europe, Asia

☆ How Warren Buffett's big Japanese investments fared in the global market rout
▼ + stars: | 2024-08-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

This week's violent global market meltdown started in Japan — where Warren Buffett has big investments — but the damage was limited. The Nikkei 225 index , a benchmark for Japanese stocks, plunged 12.4% on Monday, its worst day since "Black Monday" in 1987, triggering a domino effect globally. The stocks Buffett holds cratered as much as 30% initially, but bounced back by the end of the week along with the broader market. The Japanese trading houses also reported second-quarter earnings earlier this week, mostly exceeding analyst expectations and maintaining their full-year guidance. Away from Japan, Buffett was in a selling mood in the second quarter.

Persons: Warren Buffett, Buffett, Berkshire Hathaway, Buffett's, it's Organizations: Bank of Japan, Berkshire, Mitsubishi, Mitsui, Sumitomo —, Sumitomo, Tokyo Stock Exchange, Apple, Buffett Locations: Japan, Omaha, Berkshire

☆ U.S. recession fears spark selloff in international markets
▼ + stars: | 2024-08-05 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +2 min

LONDON — U.S. stocks are on course to open in the red Monday, with Japanese stocks suffering their worst day of trading since the 1980s and a global equities sell-off intensifying over fears of a U.S. economic slowdown. The Nikkei’s 12.4% fall marked the worst day for the Japanese index since 1987’s “Black Monday” — the sudden and unexpected stock market crash that raised fears of a depression. Noriko Hayashi / Bloomberg via Getty ImagesIn recent weeks, rising concerns around a potential U.S. recession have spooked investors. A rise in the value of the Japanese yen against the U.S. dollar — making Japanese assets more expensive for holders of other currencies — has also likely played a role in the selling. Even so, some investors put their money into U.S. Treasury bonds — so-called ‘haven’ assets that act as stores of wealth in volatile moments.

Persons: Noriko Hayashi, Japan’s, Shunichi Suzuki, “, ” Suzuki, ” Organizations: LONDON, Dow Jones, Nasdaq, Tokyo Stock Exchange, Bloomberg, Getty, Federal Reserve, Labor, U.S ., Treasury Locations: U.S, Europe

☆ A global stock rout is deepening with investors fleeing to safe havens
▼ + stars: | 2024-08-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty ImagesInvestors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last week. The disappointing jobs report spurred investor fears that the Federal Reserve made a mistake last week when it kept interest rates unchanged, and that the world's largest economy is headed toward a recession. The stock sell-off has also been exacerbated by volatility in some of the major earnings and a more hawkish Bank of Japan, which has led to speculation that the popular yen "carry trade" has imploded over a short-term basis. A "carry trade" takes place when investor borrows in a currency with low interest rates, such as the yen, and reinvests the proceeds in a currency with a higher rate of return.

Persons: Kazuhiro Nogi Organizations: Nikkei, Tokyo Stock Exchange, Afp, Getty, Federal Reserve, Bank of Japan Locations: Tokyo

☆ Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
▼ + stars: | 2024-08-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Carry trades refer to operations wherein an investor borrows in a currency with low interest rates, such as the Japanese yen, and reinvests the proceeds in higher-yielding assets elsewhere. "You can't unwind the biggest carry trade the world has ever seen without breaking a few heads. A change in Japanese monetary policy prompted one strategist to warn of the "implosion" of the yen carry trade over a short-term basis. watch nowEd Rogers of Rogers Investment Advisors said the yen carry trade isn't dead yet, despite the deepening stock market sell-off. "Certainly there is going to be some momentary panic, I think, about the yen carry trade.

Persons: Richard A, Brooks, Kit Juckes, Juckes, Russell Napier, Ed Rogers, Rogers, CNBC's Organizations: Tokyo Stock Exchange, Afp, Getty, Swiss, Societe Generale, U.S, Bank of Japan, Rogers Investment Advisors Locations: Tokyo, London

Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.

Persons: ”, Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, ’, Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, “, New, Seoul, Berlin

☆ This strategist is finding value outside of the U.S. — here's where
▼ + stars: | 2024-07-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Investors looking for stock investments on the cheap should look abroad, according to Schroders investment strategist Bob Armstrong. Europe's Stoxx 600 index and the Japanese Nikkei 225 hit record highs earlier this year, along with the S & P 500 . FactSet data shows the former trades at 15 times trailing 12-month earnings, while the latter has a multiple of 23. The S & P 500, meanwhile sports a 27 times earnings multiple. Year to date, the Nikkei is up nearly 20%, outpacing the S & P 500's 17% jump.

Persons: Bob Armstrong, Europe's, Armstrong, Armstrong didn't Organizations: Nikkei, CNBC, Tokyo, European Central Bank and Bank of England, Franklin FTSE United Kingdom ETF Locations: U.S, Europe, Armstrong, Russia, Ukraine, Japan

☆ Japan's stock markets keep testing new highs. Is the rally sustainable?
▼ + stars: | 2024-07-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

This week, the Nikkei and the broad-based Topix surpassed previous records to hit fresh all-time closing highs on Thursday. Earnings are the single driver to the current market rally, Jesper Koll, expert director at Tokyo-based financial services company Monex Group, told CNBC. watch nowJapan's largest union, commonly referred to as Rengo, announced that Japanese companies have delivered the largest wage hikes in 33 this year. Koll told CNBC this week: "I stand by my forecast — the Nikkei 225 is poised to climb to 55,000 before the end of next year." A note by Nomura, published Thursday, said the gains on the Nikkei and Topix do not look appear sustainable.

Persons: Richard A, Brooks, Jesper Koll, Koll, —, Rengo, Nomura Organizations: Tokyo Stock Exchange, Afp, Getty, Nikkei, Monex, CNBC, Japan's Locations: Nihonbashi, Tokyo, Japan

☆ 'One of the greatest ways to invest in Asia': Fund manager names 6 under-the-radar stocks to buy
▼ + stars: | 2024-07-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Portfolio manager Richard Kaye is bullish on the Japanese market and believes it offers an opportunity "a lot of people don't recognize." The stronger performance of Japanese equities follows the Tokyo Exchange Group's push for reforms last year. Stocks to play Kaye believes several sectors and stocks in Japan make good plays right now. Among the companies on his radar are Fanuc Corp and Keyence Corp which are in the business of automation products. In medical electronics and health care, Kaye is bullish on Shimadzu Corp and Sysmex Corp .

Persons: Richard Kaye, Kaye, CNBC's Organizations: Tokyo Exchange, Fanuc, Keyence, Shimadzu Corp, Sysmex Corp, Tokyo Disney Resort, Tokyo Stock Exchange, U.S Locations: Japan, Asia, China, Tokyo, U.S

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Asia-Pacific markets opened lower on Thursday, as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar, according to FactSet data. The yen last breached the 160 level against the dollar two months ago, prompting the Japanese government to prop it up in the country's first currency intervention since 2022. Japan's year-on-year retail sales growth for May came in at 3%, higher than the market forecast of 2%, according to a Reuters poll of economists. Investors in Asia will also look toward China's May industrial profit numbers which will be released on Thursday.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, U.S ., Investors Locations: Tokyo, Japan, Asia, Pacific, Japan's

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