Japan Financial News

Asian shares extended a global sell-off on Wednesday while the dollar held gains as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1% after a 1.0% drop the previous day in a sluggish start of the new year.

dollar rose broadly on Wednesday and stood near a two-week high against its major peers, underpinned by a confluence of factors including elevated U.S. Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street. Trading was thinned in Asia with Japan out on a holiday, and with investors still returning from an extended New Year break, currencies traded mostly sideways in early deals. However, the New Zealand dollar, often used as a proxy for risk appetite, slid to a two-week low of $0.62485. The Australian dollar likewise hit a two-week trough of $0.6756. The U.S.

Motilal Oswal Financial Services Ltd. Also Read: Day trading guide for today: Six stocks to buy or sell on Wednesday —January 3 Here are key global market cues for Sensex today: Asian markets traded lower on Wednesday tracking overnight weakness on Wall Street indices. Japan’s markets are closed until January 4.

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

Despite the bullish year, 72% of S&P 500 stocks performed worse than the index in 2023.

EVO Japan, a scaled-down version of the renowned US-based EVO fighting game tournament, is confirmed for 2024. Despite its smaller scale, the competition remains fierce, with only the best players claiming trophies across various titles.

The elections year: 2024 is going to be the year of elections. An estimated number of over 4.1 billion people out of the total global population of over 8 billion are living in countries that will go to polls in 2024. According to Bloomberg, countries that contribute 80% of the world market cap and 60% of global GDP will be voting.

Japan Airlines flight JAL-516, believed to total 379 people, got out safely before the plane was entirely engulfed in flames. The Japanese coast guard said the pilot of its plane had escaped. NHK reported that the five other crewmembers had been found dead.Local TV video showed a large eruption of fire and smoke from the side of the Japan Airlines plane as it taxied on a runway.

Cornish-Bowden is currently a non-executive director of Finsbury Growth & Income and CC Japan Income & Growth trusts as well, the latter of which she chairs the audit committee for.

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

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Also Read: Indian stock market has upside potential despite fair valuations: Motilal Oswal In today's trade, Lupin's shares soared nearly 7%, hitting a new all-time high of ₹1,404 apiece after Japanese brokerage firm Nomura raised the target price on the stock to ₹1,593 apiece from the previous ₹1,290, maintaining its 'buy' recommendation. The brokerage has an optimistic outlook on Lupin, largely driven by the company's robust US pipeline and growth in the India business.

By Kiyoshi Takenaka, Sakura Murakami and Kantaro Komiya

Haneda airport on Tuesday, with news reports saying it hit another aircraft after landing. NHK TV reported that all passengers aboard, believed to have been about 400 people, got out safely.

Shika stood in a queue to get rations of a suddenly scarce, but vital, commodity: drinking water. The line snaked out the door and around the town hall building, past paving stones jutting out of the ground that were forced upwards by the powerful series of tremors on New Year's Day.

Jr NTR was already somewhat of a sensation in Japan after the phenomenal success of the 2022 magnum opus ‘RRR’. However, a thoughtful gesture towards the earth-quake-stricken country has made the ‘Janatha Garage’ star even more popular in the ‘Land Of The Rising Sun’. Taking to X (formerly Twitter) on Tuesday, the ‘RRR’ star extended his support to Japan and her citizens. “Back home today from Japan and deeply shocked by the earthquakes hitting. Spent the entire last week there, and my heart goes out to everyone affected. Grateful for the resilience of the people and hoping for a swift recovery. Stay strong, Japan,” wrote the actor. The post went viral on the microblogging site, gaining more than 39K likes and 887K views.

A post shared by Kamlesh Nand (work) (@artistrybuzz_) Jr NTR is working with director Koratala Siva for his upcoming film Devara, the first part of which is scheduled for a theatrical release on 5 April 2024. On January 1, 'Devara' makers unveiled a new poster that promised the release of the first glimpse of the film on January 8.

Jr NTR returns from Japan after series of powerful earthquakes jolt the country According to the Japan Meteorological Agency, more than 140 tremors were detected since the quake first hit on Monday. The agency has warned more strong shocks could hit in the coming days. The Japanese government has sent around 10,000 quake survivors to sports halls and school gymnasiums, commonly used as evacuation centres in emergencies.

Catch Live Market Updates here The Indian stock market indices ended flat on Monday, the first trading of the new year 2024, while the second rung midcap and smallcap indices clocked healthy gains. The Sensex gained 31.68 points, or 0.04%, to close at 72,271.9, while the Nifty 50 ended 10.50 points, or 0.05%, higher at 21,741.90. “Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields.

₹2,300 per tonne, effective Tuesday.For the past two weeks, the levy -- Special Additional Excise Duty (SAED) -- on domestic crude oil was at ₹1,300 per tonne.The ministry, through a notification, has brought down the additional excise duty on the export of diesel and aviation turbine fuel to zero.The increase in the windfall tax on the sale of locally produced crude oil comes at a time when the price of crude oil has largely been steady. On Friday, 29 December, the March contract of Brent on the Intercontinental Exchange closed at $77.49 per barrel, against $76.55 on 15 December.

SoftBank, which of late has not been signing new startup funding deals in India and is preparing to offload stakes in IPO-bound Ola Electric and FirstCry, still holds $1.1-1.2 billion worth of shares in its listed portfolio companies here. The Japanese investor has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian startups — Paytm, Zomato, PB Fintech and Delhivery — that went public in 2021 and 2022. It had invested a total of $2.3-2.4 billion in these four new-age companies.