City Tokyo Financial News

Markets in Europe and Asia are mostly higher after another day of gains on Wall Street led by technology stocks

Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3% in early trade. Hong Kong shares traded marginally lower, having ridden a wave of heavy buying from mainland investors to lift the Hang Seng index more than 14% higher in a 10-day winning streak, its longest since 2018.

Read the full story here.)Sensex Today Live : Indian markets were expected to start on a positive note, following global peers higher as colling wages in the US firmed up anticipation of a sooner rate cut by the US Federal Reserve.Gift Nifty futures were trading at 22,686, around 200 points ahead of Nifty 50's Friday close of 22,475.Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.Hong Kong's Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018. It was last down 0.2%.The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.Similarly, in currency markets, the offshore yuan was last roughly 0.1% lower at 7.2013 per dollar, after strengthening more than 1% last week, in part due to a broadly weaker dollar.The People's Bank of China on Monday also lifted its official yuan midpoint to the highest in three weeks, catching up with movements offshore.

Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.

Bajrang Punia has been handed provisional suspension for refusing to give his sample for dope test during recent trials and the Wrestling Federation of India (WFI) is furious that NADA kept it «in dark» on the development and is planning to write to World Anti-Doping Agency (WADA) on the matter. Bajrang was handed provisional suspension on April 23 by National Anti Doping Agency (NADA) and asked to send his reply by May 7 to avoid further disciplinary action. The trials to pick the men's national team for the Asian Olympic Qualifiers in Bishkek were held in Sonepat on March 10 and Bajrang had walked off the venue without providing his urine sample after losing his bout. Reacting to his suspension, Bajrang said he never refused to provide his sample to NADA officials.

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal

Godzilla Minus One is streaming online on Amazon Prime. Though, this is in Japan and not in the US. Ever since the film won many Academy Awards, even beating some Hollywood flicks, such as Mission Impossible: Dead Reckoning Part 1, the US audience is keen to catch this movie. Online Streaming in the US

One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants," Joe Biden said at a Washington fundraising event, adding, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic.

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day.

Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris

World stocks are mixed with most of the markets closed for a holiday stocks in the United States closed out their worst month since September

Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.

Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market. The dollar rose as far as 160.245 yen in a sudden move after the yen traded in a narrow 158.05-158.15 range in early deals.

Warren Buffett’s favourite Japanese trading houses, according to a person familiar with the matter. The size of the activist group’s investment is around “several tens of billions of yen," the person said, asking not to be identified because the transaction hasn’t been publicly disclosed. Every ¥10 billion ($63 million) investment is equivalent to a 0.2% stake in Sumitomo, based on Friday’s closing share price of ¥3,909.

Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail and investment banking income rose to their highest levels in eight years. January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earlier when worries about a global banking crisis engulfed global markets and hit Nomura's investment banking business.

Global shares are rising despite worries about the economic outlook and inflation in the U.S. and globally

Bank of Japan left interest rates on hold on Friday, keeping traders on edge as to when and to what degree authorities in Tokyo may intervene. The yen fell by about 0.2% and weakened to 156.1 per dollar in the minutes after the announcement. The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar.

Spicy, steaming, slurpy, ramen might be everyone’s favorite Japanese food

The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent ascent to record highs and positioning itself as a preferred fundraising destination for companies outside Japan. Under a new initiative, the exchange is working with banks and other partners to select a few startups from other parts of Asia this summer to help them grow their business for potential initial public offerings down the road, said Hiromi Yamaji, group chief executive of Japan Exchange Group, the parent company of the Tokyo exchange. “We want them to use the Japanese market as a springboard to become a global company," Yamaji said in a recent interview.

yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. Having traded in a tight range over the past few days, a buoyant dollar finally broke above the 155 yen level for the first time since 1990 in the previous session, and was last steady at 155.34 yen in early Asia trade.

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue and higher expenses soured the mood, sparking a sell-off in U.S. tech and tech-related stocks.