Japanese stocks partially rebound from Christmas Day rout

Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix. The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. The broader Topix index also ended more than 4.8 percent lower. The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shenzhen composite also slipped 0.42 percent to close


Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix. The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. The broader Topix index also ended more than 4.8 percent lower. The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shenzhen composite also slipped 0.42 percent to close
Japanese stocks partially rebound from Christmas Day rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, partially, saw, day, nikkei, shenzhen, shares, rebound, rout, close, slipped, trading, index, christmas, topix, stocks, japanese


Japanese stocks partially rebound from Christmas Day rout

Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix.

The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. Shares of index heavyweight Fast Retailing, the company behind the Uniqlo chain of apparel stores, bucked the overall positive trend in Japan as they slipped 0.92 percent on the day.

The moves came after the share average plummeted around 5 percent on Tuesday, putting the index well into bear market territory as it was more than 20 percent off its high in October. The broader Topix index also ended more than 4.8 percent lower.

Over in South Korea, however, the Kospi slipped 1.31 percent to close at 2,028.01 as shares of industry heavyweight Samsung Electronics shed 1.16 percent.

The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shanghai composite fell around 0.26 percent to close at about 2,498.29. The Shenzhen composite also slipped 0.42 percent to close at about 1,279.79, and the Shenzhen component slipped 0.584 percent to finish its trading day at around 7,289.55.

The Australian and Hong Kong stock markets were closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, partially, saw, day, nikkei, shenzhen, shares, rebound, rout, close, slipped, trading, index, christmas, topix, stocks, japanese


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Japan’s Nikkei drops 5 percent after Wall Street slide deepens

Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments. The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. So far this year, the Shanghai stock index is down about 24 percent. Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing


Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments. The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. So far this year, the Shanghai stock index is down about 24 percent. Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing
Japan’s Nikkei drops 5 percent after Wall Street slide deepens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: reuters with cnbc
Keywords: news, cnbc, companies, financial, japans, deepens, shares, slide, market, nikkei, stocks, street, stock, drops, tokyo, wall, selloff, index


Japan's Nikkei drops 5 percent after Wall Street slide deepens

Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments.

The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. The day’s performance put the index well into bear market territory — off more than 20 percent since its October high.

Japan’s broader Topix closed 4.88 percent lower at 1,415.55 after touching 1,412.90, its weakest since November 2016.

In China, the Shanghai Index, which had fallen more than 2 percent by mid-day, recorded a slump of less than 1 percent. So far this year, the Shanghai stock index is down about 24 percent.

Those Asia moves followed Wall Street stocks extending their steep sell-off on Monday, with the S&P 500 down nearly 15 percent so far this month, as investors were rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments.

Many financial markets in Asia, Europe and North America are closed on Tuesday for Christmas Day.

“Negative sentiment has replaced logic, as is often the case during a sell-off. A third of the selling is induced by panic, another third by loss-cutting and the remaining third by speculators trying to make a profit from the market rout,” said Takashi Hiroki, chief strategist at Monex Securities in Tokyo.

“The sell-off is triggered almost entirely by developments in the U.S. markets, rather than by negative factors unique to the domestic market.”

Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure “normal market operations.”

Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing the Federal Reserve chairman.

Japan’s blue chip shares fell across the board, with Toyota Motor Corp falling 5.25 percent, Sony Corp shedding 5.55 percent, Nintendo down 4.3 percent and Mitsubishi UFJ Financial Group losing 4 percent.

Defensive shares such as consumer staples, healthcare and utilities were unable to withstand the selling pressure.

Convenience store operator Familymart UNY Holdings dropped 4.1 percent, healthcare product maker Kao Cor declined 4.6 percent and Tokyo Electric Power Co Holdings retreated 3.4 percent.

All of the Tokyo Stock Exchange’s 33 subsectors were in the red, led by precision machinery and pharmaceuticals

—CNBC’s Everett Rosenfeld contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: reuters with cnbc
Keywords: news, cnbc, companies, financial, japans, deepens, shares, slide, market, nikkei, stocks, street, stock, drops, tokyo, wall, selloff, index


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Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral


Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral
Japan leads declines amid broad slip in Asian stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
Keywords: news, cnbc, companies, japan, leads, fell, amid, declines, stocks, earlier, asian, banks, nikkei, japanese, broad, trading, group, lower, financial, slip, australia


Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall.

The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than 2.5 percent in the previous trading session.

Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders.

Over in South Korea, the Kospi recovered from earlier losses to close slightly higher at 2,061.49 — up 0.07 percent.

In Australia, the ASX 200 lost its earlier gains to close 0.69 percent lower at 5,467.6, with most sectors slipping. Shares of the country’s so-called Big Four banks declined, with Australia and New Zealand Banking Group, Westpac and National Australia Bank all seeing declines of at least 1 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
Keywords: news, cnbc, companies, japan, leads, fell, amid, declines, stocks, earlier, asian, banks, nikkei, japanese, broad, trading, group, lower, financial, slip, australia


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Foxconn to build $9 billion chip plant in China with local government: Nikkei

The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips. Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source. Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped devel


The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips. Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source. Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped devel
Foxconn to build $9 billion chip plant in China with local government: Nikkei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: str, afp, getty images
Keywords: news, cnbc, companies, plant, chip, nikkei, sharp, local, company, japanese, billion, zhuhai, build, industry, foxconn, china, citing


Foxconn to build $9 billion chip plant in China with local government: Nikkei

The total investment could add up to around 60 billion yuan, or $9 billion, most of which would be shouldered by the Zhuhai government through subsidies and tax breaks, the Nikkei said, citing people familiar with the matter.

Zhuhai is a city in the southern Chinese province of Guangdong near to Macau.

The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips.

Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source.

Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010.

A source close to the matter told Reuters that Sharp is not involved in the talks.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is planning to start the construction as early as 2020, the report said.

Representatives of Foxconn were not immediately available for comment.

Foxconn, the world’s largest contract manufacturer, has been interested in the chip business, but many in the industry doubt the company has the resources to enter the field due to the high capital expenditures needed.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: str, afp, getty images
Keywords: news, cnbc, companies, plant, chip, nikkei, sharp, local, company, japanese, billion, zhuhai, build, industry, foxconn, china, citing


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Hitachi to announce purchase of ABB’s power grid business: Nikkei

Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported. A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion. Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi. The Nikkei reported that the deal would see Hit


Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported. A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion. Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi. The Nikkei reported that the deal would see Hit
Hitachi to announce purchase of ABB’s power grid business: Nikkei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: smith collection, gado, archive photos, getty images
Keywords: news, cnbc, companies, grid, power, abbs, announce, sell, stake, abb, purchase, nikkei, business, initial, billion, hitachi


Hitachi to announce purchase of ABB's power grid business: Nikkei

Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported.

The two companies, which have previously said they were in talks over the deal, will hold a news conference later on Monday, the business daily said.

The acquisition would allow Hitachi to boost its global presence in the power grid industry, while ABB, which also makes industrial robots, wants to offload its least profitable division to focus on areas such as automation.

A Hitachi spokesman declined to confirm the report, saying it was not something the company had announced.

A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion.

Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi.

The Nikkei reported that the deal would see Hitachi pay 600 billion-800 billion yen ($5.3 billion to $7 billion) for an initial 50 percent stake in the business.

ABB’s power grid business employs 36,000 people and had sales of $10.4 billion last year. It had an operating profit margin of 10.0 percent in the third quarter, down 60 basis points from a year earlier.

The decision to sell it marks a U-turn for ABB Chief Executive Ulrich Spiesshofer, who decided to keep the business two years ago despite calls from some shareholders to sell.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: smith collection, gado, archive photos, getty images
Keywords: news, cnbc, companies, grid, power, abbs, announce, sell, stake, abb, purchase, nikkei, business, initial, billion, hitachi


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Japan’s SoftBank to replace Huawei equipment, Nikkei reports

Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday. SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet. The 5G n


Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday. SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet. The 5G n
Japan’s SoftBank to replace Huawei equipment, Nikkei reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: huileng tan, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, softbank, replace, reports, japans, network, huawei, telecommunications, using, reported, 5g, nikkei, carrier, equipment


Japan's SoftBank to replace Huawei equipment, Nikkei reports

Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday.

SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet.

The 5G network is the next telecommunications standard that facilitates quicker transfer of data, and allows more devices to connect to the internet.


Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: huileng tan, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, softbank, replace, reports, japans, network, huawei, telecommunications, using, reported, 5g, nikkei, carrier, equipment


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Shares of Japanese messaging app jump 17 percent after Nikkei reports Tencent tie-up

Line shares jumped as much as 17 percent on Tuesday after the Nikkei business daily reported the Japanese chat app operator would tie-up with China’s Tencent to offer mobile payment services. Line will offer mobile payment services to small to mid-sized Japanese restaurants and stores targeting Chinese tourists via leased terminals compatible with Tencent’s WeChat Pay starting next year, Nikkei said without citing sources. Line shares were later trading up 7.8 percent at 0235 GMT, compared with


Line shares jumped as much as 17 percent on Tuesday after the Nikkei business daily reported the Japanese chat app operator would tie-up with China’s Tencent to offer mobile payment services. Line will offer mobile payment services to small to mid-sized Japanese restaurants and stores targeting Chinese tourists via leased terminals compatible with Tencent’s WeChat Pay starting next year, Nikkei said without citing sources. Line shares were later trading up 7.8 percent at 0235 GMT, compared with
Shares of Japanese messaging app jump 17 percent after Nikkei reports Tencent tie-up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: guillaume payen sopa images lightrocket via getty
Keywords: news, cnbc, companies, japanese, app, 17, pay, offer, tourists, line, nikkei, payment, trading, tieup, reports, shares, payments, jump, messaging, services, tencent


Shares of Japanese messaging app jump 17 percent after Nikkei reports Tencent tie-up

Line shares jumped as much as 17 percent on Tuesday after the Nikkei business daily reported the Japanese chat app operator would tie-up with China’s Tencent to offer mobile payment services.

Line will offer mobile payment services to small to mid-sized Japanese restaurants and stores targeting Chinese tourists via leased terminals compatible with Tencent’s WeChat Pay starting next year, Nikkei said without citing sources.

A Line spokeswoman declined to comment. Tencent was not immediately available to comment.

The news provided some relief for Line’s flagging stock price which is down 20 percent year-to-date as, with user numbers for its eponymous flagship app stagnating, Line expands services in areas like payments and Bitcoin.

Line shares were later trading up 7.8 percent at 0235 GMT, compared with flat trading in the benchmark index.

Tencent’s shares were up 0.5 percent. Its shares are down more than 25 percent this year, hammered by a prolonged regulatory crackdown on its core gaming business in China.

With growing numbers of Chinese tourists visiting Japan the country is becoming increasingly attractive for China’s tech titans, with Alibaba’s financial affiliate Ant Financial and Didi Chuxing announcing services in recent months.

Japan has been slow to move to cashless payments, with a rush of new entrants like SoftBank backed PayPay and Line Pay looking to encourage consumers to use QR code payments, which have become widespread in countries like China and India.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: guillaume payen sopa images lightrocket via getty
Keywords: news, cnbc, companies, japanese, app, 17, pay, offer, tourists, line, nikkei, payment, trading, tieup, reports, shares, payments, jump, messaging, services, tencent


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Apple cancels production boost for iPhone XR: Nikkei

Apple has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR which hit shelves in October, the Nikkei reported on Monday. Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but the company will receive no orders for the iPhone XR this season, the report said, citing supply chain sources. At its iPhone launch event in September, Apple introduced the lower-cost iPhone XR, made of aluminum, alo


Apple has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR which hit shelves in October, the Nikkei reported on Monday. Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but the company will receive no orders for the iPhone XR this season, the report said, citing supply chain sources. At its iPhone launch event in September, Apple introduced the lower-cost iPhone XR, made of aluminum, alo
Apple cancels production boost for iPhone XR: Nikkei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: source
Keywords: news, cnbc, companies, xr, iphone, boost, production, cancels, orders, xs, pegatron, nikkei, apple, launch, lines


Apple cancels production boost for iPhone XR: Nikkei

Apple has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR which hit shelves in October, the Nikkei reported on Monday.

Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but the company will receive no orders for the iPhone XR this season, the report said, citing supply chain sources.

“For the Foxconn side, it first prepared nearly 60 assembly lines for Apple’s XR model, but recently uses only around 45 production lines as its top customer said it does not need to manufacture that many by now,” the Nikkei quoted a source as saying.

At its iPhone launch event in September, Apple introduced the lower-cost iPhone XR, made of aluminum, along with two other models, the XS and XS Max.

Five years ago, Apple cut production orders for its plastic-backed iPhone 5C a month after its launch, fueling speculation of weak demand for the model.

The Cupertino, California-based company warned last week that sales for the crucial holiday quarter would likely miss Wall Street expectations.

Apple did not immediately respond to Reuters’ request for comment.

Foxconn and Pegatron each said they would not comment on specific customers or products.

WATCH:Apple’s stock is plunging — Here’s what six experts say investors should know


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: source
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Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information


Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information
Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
Keywords: news, cnbc, companies, shenzhen, day, fell, dropped, asia, shanghai, close, nearly, markets, nikkei, topples, end, stocks, index, crumble, composite, declines


Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent.

In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90.

The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information.

In Taiwan, the tech-heavy Taiex dropped by 6.31 percent to close at 9,806.11, with shares of lens maker and Apple supplier Largan Precision plunging 9.89 percent.

Japan’s markets also faltered. The Nikkei 225 dropped by 3.89 percent to close at 22,590.86 while the Topix index declined by 3.52 percent to end the trading day at 1,701.86, with major sectors down.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
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There’s a massive bull market that no one is talking about

Is it too late to catch up to the big bull run investors are missing? 21 Hours Ago | 03:06As the Dow Jones Industrial Average hit record highs Wednesday, another bull market is quietly raging on. Chad Morganlander, portfolio manager at Washington Crossing Advisors, sees a confluence of factors keeping this bull market rally going. On the very short term, though, I would be a little careful,” Cappelleri, chief market technician at Instinet, told “Trading Nation on Tuesday. The HEWJ Japan ETF, whi


Is it too late to catch up to the big bull run investors are missing? 21 Hours Ago | 03:06As the Dow Jones Industrial Average hit record highs Wednesday, another bull market is quietly raging on. Chad Morganlander, portfolio manager at Washington Crossing Advisors, sees a confluence of factors keeping this bull market rally going. On the very short term, though, I would be a little careful,” Cappelleri, chief market technician at Instinet, told “Trading Nation on Tuesday. The HEWJ Japan ETF, whi
There’s a massive bull market that no one is talking about Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: keris lahiff, toru hanai, scott mlyn, matthew staver, bloomberg, getty images, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, etf, highs, morganlander, theres, nikkei, weeks, run, talking, ewj, bull, market, cappelleri, massive


There's a massive bull market that no one is talking about

Is it too late to catch up to the big bull run investors are missing? 21 Hours Ago | 03:06

As the Dow Jones Industrial Average hit record highs Wednesday, another bull market is quietly raging on.

Japan’s Nikkei reached a 27-year-high Tuesday as the yen weakened against the U.S. dollar. The Asian market index held close to those 1991 highs even after a decline during Wednesday’s session.

Chad Morganlander, portfolio manager at Washington Crossing Advisors, sees a confluence of factors keeping this bull market rally going.

“You have an accommodative monetary policy, a continuation of a fiscal push, or fiscal stimulus, you have GDP expectations that are now being revised higher so these are all tail winds for the Japanese market,” Morganlander told CNBC’s “Trading Nation” on Tuesday.

While the short-term forecasts show upside, Morganlander is more cautious for the longer term.

“Over the next several years, they still have this structural issue of a reduction of their population, capital spend that’s quite lackluster, and an indebted society,” said Morganlander. “We would be overweight in the short run but in the long run we’d still be somewhat more pragmatic on this asset class.”

The Nikkei’s sharp run-up in the last few weeks has technician Frank Cappelleri wary of a pullback.

“Long term that breakout could be very meaningful. On the very short term, though, I would be a little careful,” Cappelleri, chief market technician at Instinet, told “Trading Nation on Tuesday. “If you look at the EWJ, it was just up 7 percent in the last three weeks and that’s [one of] the biggest move we’ve seen over that time frame since January right before a big fall.”

From the end of 2017 to its January peak, the EWJ Japan ETF ran up 8 percent. Over the following two weeks, the ETF slumped 11 percent.

“Consider too that the EWJ itself is based in dollars so, at times, can move very differently than the Nikkei itself so there are some options available for investors on a hedge variety,” added Cappelleri. “The HEWJ looks much more like the Nikkei. It’s actually getting very close to its highs as well so I’d probably wait for a pullback and buy the breakout.”

The HEWJ Japan ETF, which strips out currency fluctuations, is up 3 percent so far this year, while the EWJ ETF has risen 0.3 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: keris lahiff, toru hanai, scott mlyn, matthew staver, bloomberg, getty images, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, etf, highs, morganlander, theres, nikkei, weeks, run, talking, ewj, bull, market, cappelleri, massive


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