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Sept. 12, 2014, 5:36 a.m. EDT

Japan stocks gain for fifth day as yen falls further

Hong Kong logs six-session losing streak

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By Laura He, MarketWatch


Reuters

HONG KONG (MarketWatch) — Japan stocks ended mildly higher on Friday, gaining for a fifth straight session, as the yen’s continued weakness helped support the markets’ advance.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.44%  rose 0.3%, capping the week with a solid 1.8% gain. The broader Topix Index /zigman2/quotes/210598092/delayed JP:180460 +0.29%  edged up 0.2%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.1634%  dropped further against the dollar to ¥107.22 compared with ¥107.05 in the previous session. Earlier on Friday, the yen hit ¥107.39 per dollar, its highest level in six years.

Internet and telecom giant SoftBank Corp. /zigman2/quotes/207303954/delayed JP:9984 +0.88% , which is a major shareholder of Chinese e-commerce giant Alibaba Group, advanced 2.3% following a 2.9% rally in the previous day. Alibaba Group started a roadshow this week in New York ahead of its widely anticipated U.S. initial public offering.

Media conglomerate Sony Corporation /zigman2/quotes/201361720/delayed JP:6758 +1.43%  added 1.1% to its recent gains, as it had reached a deal with Viacom Inc.  for content partnerships.

Among other leading gainers, camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 -0.30%  improved by 1.8%, auto maker Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +0.78%  tacked on 1.4%, electronics giant Hitachi Ltd. /zigman2/quotes/203839937/delayed JP:6501 +0.08%  zoomed 0.7% higher, and semiconductor firm Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +1.52%  snagged a 0.3% gain.

In other Asian markets, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.05%  dropped 0.3%, logging a six-session losing string, and posting a weekly loss of 2.6%.

In Australia, the S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.91%  lost 0.3%, with the Australian dollar /zigman2/quotes/210560947/realtime/sampled AUDUSD -0.2167%   falling to 90.48 U.S. cents from 91.03 U.S. cents a day earlier.

However, mainland China’s Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.17%  was up 0.9%, and South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.13%  settled 0.4% higher.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,712.62
+98.86 +0.44%
Volume: 0.00
June 4, 2020 2:52p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,603.75
+4.67 +0.29%
Volume: 0.00
June 4, 2020 2:52p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.0830
+0.1780 +0.1634%
Volume: 0.0000
June 4, 2020 2:12a
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,166.00
+45.00 +0.88%
Volume: 26.43M
June 4, 2020 2:52p
P/E Ratio
34.66
Dividend Yield
0.85%
Market Cap
¥10590.20 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,253.00
+102.00 +1.43%
Volume: 7.19M
June 4, 2020 2:52p
P/E Ratio
15.74
Dividend Yield
0.62%
Market Cap
¥8725.37 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 1,005.00
-3.00 -0.30%
Volume: 2.12M
June 4, 2020 2:52p
P/E Ratio
51.17
Dividend Yield
3.98%
Market Cap
¥363.82 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,969.00
+54.00 +0.78%
Volume: 6.61M
June 4, 2020 2:52p
P/E Ratio
9.57
Dividend Yield
3.16%
Market Cap
¥19128.00 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 3,664.00
+3.00 +0.08%
Volume: 2.87M
June 4, 2020 2:52p
P/E Ratio
40.52
Dividend Yield
2.59%
Market Cap
¥3539.58 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 603.00
+9.00 +1.52%
Volume: 10.02M
June 4, 2020 2:52p
P/E Ratio
68.21
Dividend Yield
N/A
Market Cap
¥1001.49 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,314.12
-11.50 -0.05%
Volume: 1.09M
June 4, 2020 1:57p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,995.70
+54.10 +0.91%
Volume: 980,008
June 4, 2020 3:52p
loading...
/zigman2/quotes/210560947/realtime/sampled
US : Tullett Prebon
0.6907
-0.0015 -0.2167%
Volume: 0.0000
June 4, 2020 2:12a
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,918.28
-5.09 -0.17%
Volume: 17.57B
June 4, 2020 1:57p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,149.69
+2.69 +0.13%
Volume: 1.28M
June 4, 2020 2:52p
loading...

Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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