Market Overview

Japanese Markets Gain; Nikkei Up 200 Points

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Japanese stocks were trading higher on Wednesday. The Nikkei 225 gained 1.13 percent, or 201 points to 17,869, and the TOPIX rose 1.14 percent, or 16 points to 1,418.95.

iShares MSCI Japan ETF (NYSEARCA: EWJ) rose 0.16 percent to close at $49.64, while iShares MSCI Pacific ex-Japan Idx (ETF) (NYSEARCA: EPP) gained 0.59 percent to close at $40.83 on Tuesday.

Shares of Nintendo Co (7974) gained over 4 percent after the company announced plans to unveil its Super Mario Run mobile game on December 15.


USD/JPY was trading at 108.99 yen on Wednesday.

West Texas Intermediate for December delivery fell 0.19 percent to trade at $46.30 per barrel on the NYMEX, while Brent for December settlement dropped 0.09 percent to $46.91 per barrel on the ICE Futures Europe exchange.

U.S. markets closed higher overnight, with the Dow climbing 0.29 percent to 18,923.06, and the NASDAQ surging 1.10 percent to 5,275.62.

Top market movers among the Japanese market are as follows:

  • Shares of Transaction Co Ltd (7818) climbed around 23 percent to 2,157.0 JPY.
  • Flight Holdings Inc (3753) shares rose around 18 percent to 1,782.0 JPY.
  • E-Guardian Inc (6050) shares increased over 16 percent to 1,391.0 JPY.

 

  • Kimuratan Corp (8107) shares dropped around 14 percent to 6.0 JPY.
  • Hosoya Pyro-Engineering Co Ltd (4274) declined over 12 percent to 510.0 JPY.
  • Toyota Boshoku Corp (3116) shares fell 7 percent to 2,426.0 JPY.

Posted-In: Japanese stocks Nikkei 225 yenNews Forex Global Markets

 

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