Japan Financial News

«Overall, we expect the market to maintain its positive trend on the back of strong domestic macroeconomic data. However, bouts of volatility cannot be ruled out given mixed global cues,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday.

NEW DELHI : Japan is looking to revive a dialogue with India focused on Indo-Pacific issues by the end of this year, according to persons aware of the matter. This dialogue, which was last held some years ago, is expected to take in topics ranging from economic security and China’s military expansionism to Indo-Japanese cooperation with third countries in the region. The move to revive this dialogue comes amid escalating tensions in the Indo-Pacific in recent months.

Arm saw its share price jump 20 percent on the first day of trading on the Nasdaq stock exchange in New York on Thursday. Arm, whose semiconductor design is used in most smartphones worldwide, announced earlier this week that it was targeting a valuation of more than $52 billion for its initial public offering (IPO). Its shares opened up 10 percent and continued climbing in early trading, at one point rising 20 percent before settling up closer to 17 percent. Arm's high share price in early trading underscored enthusiasm for tech firms amid elevated interest in artificial intelligence. If Arm's shares close anywhere near its current share price at the end of the first day of trading, it will be valued at closer to $60 billion. The company, which is a world leader in smartphone chip design, is owned by the Japanese tech investor SoftBank, which has had a mixed record of success with its investments in recent years. The IPO of around 10 percent of the company's shares is expected to raise around $5 billion for SoftBank, which will retain ownership of the remaining 90 percent of the company's shares. «I want to keep as much as possible as long as possible,» SoftBank chief executive Masayoshi Son told CNBC on Thursday. «I'm a long term believer,» he added. Traders are looking at Arm's IPO as a barometer for other tech IPOs, which have stalled in recent years as the Covid-19 pandemic, the war in Ukraine and higher interest rates lowered the appetite for riskier investments. If Arm's IPO does well, other companies may consider going public to raise funds, fueling fresh deal-making in the months ahead.

Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of its marketed range. Arm was taken private seven years ago for $32 billion by SoftBank, which has been looking to cash out some of its stake since at least 2020, when it signed a $40 billion deal with chipmaker Nvidia for Arm. The plans, however, were abandoned less than two years later due to regulatory roadblocks. Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government that was campaigning for a London listing for the chip designer. Arm's return as a public company represents a climb-down from the $64 billion it was valued at last month when the Japanese investment giant acquired the 25% stake it did not directly own from its Vision Fund unit. The IPO fetched $4.87 billion for SoftBank, which still holds a 90.6% stake in Arm, according to a regulatory filing.

In the biggest IPO since 2021, Arm Holdings (NASDAQ:ARM), the renowned chip design firm, will start trading on the Nasdaq today for $51 per share — which prices the company at a hefty $54.5 billion market cap.

China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain

Benchmark U.S. crude oil for October delivery fell 32 cents to $88.52 a barrel Wednesday

U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years

India-Japan Cyber Dialogue held in Tokyo, discussed important areas of bilateral cyber cooperation and reviewed the progress achieved in the areas of cybersecurity and information and communication technologies including 5G technology, an official statement said. The Indian delegation was led by Muanpuii Saiawi, Joint Secretary (Cyber Diplomacy Division) in the Ministry of External Affairs (MEA), while the Japanese side was led by Ishizuki Hideo, Ambassador in-charge of Cyber Policy in the Ministry of Foreign Affairs (MOFA) of Japan. «Both sides exchanged views on latest developments in cyber domain and mutual cooperation at the United Nations and other multilateral and regional fora, including under the Quad framework,» the MEA statement said. It said both the delegations underscored the importance of capacity building in ensuring secure cyberspace and agreed to cooperate in this aspect. The Indian delegation comprised senior officials from MEA, ministries of home affairs, defence, and electronics and information technology, National Security Council Secretariat, Department of Telecommunications, Indian Computer Emergency Response Team, National Critical Information Infrastructure Protection Centre and Embassy of India in Tokyo. The Japanese delegation included senior officials from National Centre of Incident Readiness and Strategy for Cybersecurity, Ministry of Internal Affairs and Communication, Ministry of Defence, Ministry of Economy, Trade and Industry (METI), MOFA and other departments concerned. India invited the Japanese delegation for the sixth India-Japan Cyber Dialogue in New Delhi next year.

Fitch Ratings said today. The global rating agency left India's fiscal 2024 growth aim unchanged at 6.3% and also said the world economy in 2023 is likely to grow faster than estimated earlier. However, the agency said the deepening slump in China’s property market is casting a shadow over global growth prospects. Fitch raised its forecast for world growth in 2023 by 0.1 percentage point to 2.5%. «We have raised US growth by 0.8pp to 2.0%, Japan by 0.7pp to 2.0% and EM ex.

New Delhi: Adani Global Pte Ltd., Singapore, a wholly-owned subsidiary of Adani Enterprises Ltd., on Thursday announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd., Singapore, for sales and marketing of green ammonia, green hydrogen and its derivatives, the company said here in a statement. “The green hydrogen and its derivatives are to be manufactured in India under Adani New Industries Limited (ANIL). The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii," the company added.

Nissan, are collecting and sharing deeply personal data, such as sexual activity and health information. The study found privacy and security flaws in car brands from the U.S., Germany, Japan, France, and South Korea. According to Mozilla, they conducted tests on 25 major car manufacturers, and all of them did not meet privacy standards.

Lawmakers gathered in Mexico City to listen to testimonies from researchers representing Mexico, the United States, Japan, and Brazil, all proposing the intriguing possibility of extraterrestrial life. This event mirrored a similar one in the US Congress just two months prior when a former US Air Force intelligence officer claimed knowledge of «non-human» activity dating back to the 1930s. One of the focal points of this session was Mexican journalist Jose Jaime Maussan, who presented two boxes containing what he and others believed to be «non-human beings unrelated to our terrestrial evolution.» These desiccated, shrunken bodies with warped heads left those in the chamber astonished, sparking a surge of social media activity. Maussan emphasized the significance of DNA analysis, stating, «It's the queen of all evidence.» However, he refrained from categorizing them as «extraterrestrials» at this stage. These enigmatic bodies purportedly date back to 2017 and were found deep underground in the Nazca desert of Peru, famous for its colossal, mysterious geoglyphs.

Bombay Dyeing & Manufacturing Company (BMDC) hit 20% upper circuit to scale their 52-week high of Rs 166 on the NSE on Thursday following a nod from the Wadia Group's company's Board to the proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5,200 crore. This is Mumbai's largest land deal in terms of value. The price action was accompanied with high volumes as over 1 crore shares traded on the NSE around 9:30 am. The whole transaction with Sumitomo will be completed in two phases including the first tranche of Rs 4,675 crore. The balance Rs 525 crore will be received upon completion of certain conditions by BDMC and execution and consummation of the definitive agreements for the second phase. The group has decided to monetise the land parcel to repay the debt that currently stands at Rs 3,969 crore.

Investing.com-- Most Asian stocks rose slightly on Thursday, tracking some strength in Wall Street as markets bet that a recent rise in U.S. inflation will prove insufficient in eliciting more interest rate hikes from the Federal Reserve.

Investing.com-- Most Asian currencies kept to a tight range on Thursday, while the dollar edged lower as markets weighed stronger-than-expected inflation data against expectations that the Federal Reserve will keep rates unchanged next week. 

By Kantaro Komiya

Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates and turned their focus to a European Central Bank meeting later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% in early trade.

chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, ahead of the largest IPO New York has seen for almost two years. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the «ARM» ticker. At $51 per share, Arm's IPO valuation is at the top end of its target range, underscoring the enthusiasm among investors amid an explosion of interest in artificial intelligence. Traders are looking at Arm's IPO as a barometer for other tech IPOs, which have stalled in recent years as the Covid-19 pandemic, the war in Ukraine and higher interest rates lowered the appetite for riskier investments. If Arm's IPO does well, other companies may consider going public to raise funds, fueling fresh deal-making in the months ahead. A number of tech giants including Apple, Google and Nvidia said recently they would be interested in purchasing Arm shares at the share price it has listed. The listing of around 10 percent of the company is expected to raise roughly $5 billion for its owner, SoftBank. SoftBank, which has had mixed success with its investments in recent years, will retain ownership over the remaining 90 percent or so of the company's shares. Among its most high-profile recent failures was the dramatic collapse of the coworking company WeWork amid concerns over corporate governance. Once valued at $47 billion, WeWork is now

Adani stocksAdani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year, Bloomberg reported.Reliance IndustriesReliance Industries arm Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion.Read more: Here's the trading setup for today's sessionKPI Green EnergyKPI Green Energy has commissioned a 7.80MW wind-solar hybrid power project comprising 4.20 MW wind and 3.60 Mwdc solar capacity under the CPP segment.NBCCNBCC has been awarded consultancy and project management services for upcoming Infrastructural related projects of Bokaro Steel Plant from SAIL.IRCTCIRCTC has signed a Memorandum of Understanding (MOU) with Maharashtra State Road Transport Corporation (MSRTC) to enable MSRTC's online bus booking services via IRCTC's bus booking portal/website.Bombay DyeingBombay Dyeing approved a proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5200 crore.WiproWipro has launched a cyber defense center (CDC) in Dusseldorf, Germany.

The Japanese electronics and entertainment giant Sony will develop a blockchain network, making it the latest company from the nation to move into the Web3 space.