Nikkei

Forex trends: yen depreciates considerably as Nikkei surged to 18-month high

March 31, 2010 - 1:23am | Markets | News
Forex trends: yen depreciates considerably as Nikkei surged to 18-month high

During early Wednesday trading in Asia, the Japanese unit lost ground across the board as Japan's benchmark Nikkei 225 index soared to a new 18-month high, prompting investors to unwind yen long positions on the final day of Japan's fiscal year. The yen thus plummeted to near an 18-month low against the Canadian dollar, 3-month low against the US dollar, 2- 1/2 -month low against the Aussie, 10-week low against the kiwi and the franc and more than 5-week low against the pound.


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Stocks post modest gains on data

December 24, 2009 - 2:37pm | Markets | News
Stocks post modest gains on data

Stocks posted modest gains on light volume Thursday, buoyed by data reports showing a fall in initial jobless claims to their lowest level since September 2008 and a rise in durable goods orders.
The Dow Jones Industrial Average recently advanced 42 points, or 0.4%, to 10,509. The S&P 500 rose 4 points, or 0.4%, to 1125, as Nasdaq added 13 points, or 0.6%, to 2282. A positive close for the Dow would have the blue-chip index advancing in five straight sessions.


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Asian stocks tumbled on capital-raising concerns

November 26, 2009 - 2:25pm | News
Asian stocks tumbled on capital-raising concerns

Asian stocks fell, led by banks and Japanese automakers, amid capital-raising concerns and as the dollar slumped to a 14-year low against the yen.
Bank of China Ltd. which was looking for options for replenishing capital, dropped 2.9 percent in Hong Kong. Asahi Glass Co. slumped 7.9 percent on plans to sell convertible bonds. investment group PT Bakrie & Brothers, which said two days ago it will sell bonds, slid 8 percent in Jakarta. Honda Motor Co. fall down 1.1 percent on concern the stronger yen will hurt the value of U.S. revenue.


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Asian stocks tumbled on capital-raising concerns

November 26, 2009 - 2:25pm | News
Asian stocks tumbled on capital-raising concerns

Asian stocks fell, led by banks and Japanese automakers, amid capital-raising concerns and as the dollar slumped to a 14-year low against the yen.
Bank of China Ltd. which was looking for options for replenishing capital, dropped 2.9 percent in Hong Kong. Asahi Glass Co. slumped 7.9 percent on plans to sell convertible bonds. investment group PT Bakrie & Brothers, which said two days ago it will sell bonds, slid 8 percent in Jakarta. Honda Motor Co. fall down 1.1 percent on concern the stronger yen will hurt the value of U.S. revenue.


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Japan’s private-sector banks criticized by the central bank over stocks holding

July 3, 2009 - 4:37am | Articles | Banks and internet banks
Japan’s private-sector banks criticized by the central bank over stocks holding

As the Nikkei reported today, private-sector banks were criticized by some Japanese central bank policymakers for their failure to adequately reduce risks from holding stocks. At first, criticism came at the Bank of Japan's February 3 meeting, when the bank decided to resurrect a stock-purchasing program, which involved spending up to 1 trillion yen (or $11.5 billion) purchasing stocks held by financial institutions, in order to ensure financial system stability.


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