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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 -0.39%  rose 0.3%, capping the week with a solid 1.8% gain. The broader Topix Index /zigman2/quotes/210598092/delayed JP:180460 -0.20%  edged up 0.2%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0076%  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 -0.41% , 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 +0.67%  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 -7.31%  improved by 1.8%, auto maker Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +1.15%  tacked on 1.4%, electronics giant Hitachi Ltd. /zigman2/quotes/203839937/delayed JP:6501 -2.09%  zoomed 0.7% higher, and semiconductor firm Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +4.50%  snagged a 0.3% gain.

In other Asian markets, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.60%  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 -0.62%  lost 0.3%, with the Australian dollar /zigman2/quotes/210560947/realtime/sampled AUDUSD -1.0781%   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 -0.96%  was up 0.9%, and South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.39%  settled 0.4% higher.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,329.94
-88.21 -0.39%
Volume: 0.00
Aug. 7, 2020 3:15p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,546.74
-3.14 -0.20%
Volume: 0.00
Aug. 7, 2020 3:00p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
105.9200
-0.0080 -0.0076%
Volume: 0.0000
Aug. 7, 2020 4:59p
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,521.00
-27.00 -0.41%
Volume: 15.34M
Aug. 7, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥13485.40 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 8,525.00
+57.00 +0.67%
Volume: 5.04M
Aug. 7, 2020 3:00p
P/E Ratio
16.13
Dividend Yield
0.59%
Market Cap
¥10412.69 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 735.00
-58.00 -7.31%
Volume: 6.52M
Aug. 7, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
2.72%
Market Cap
¥269.84 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,878.00
+78.00 +1.15%
Volume: 7.66M
Aug. 7, 2020 3:00p
P/E Ratio
9.47
Dividend Yield
1.16%
Market Cap
¥19025.60 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 3,320.00
-71.00 -2.09%
Volume: 2.59M
Aug. 7, 2020 3:00p
P/E Ratio
16.86
Dividend Yield
2.86%
Market Cap
¥3209.98 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 627.00
+27.00 +4.50%
Volume: 20.69M
Aug. 7, 2020 3:00p
P/E Ratio
38.28
Dividend Yield
N/A
Market Cap
¥1078.06 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,531.62
-398.96 -1.60%
Volume: 1.61M
Aug. 7, 2020 4:08p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,004.80
-37.40 -0.62%
Volume: 612,541
Aug. 7, 2020 5:26p
loading...
/zigman2/quotes/210560947/realtime/sampled
US : Tullett Prebon
0.7157
-0.0078 -1.0781%
Volume: 0.0000
Aug. 7, 2020 4:59p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,354.04
-32.43 -0.96%
Volume: 40.39B
Aug. 7, 2020 3:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,351.67
+9.06 +0.39%
Volume: 812,594
Aug. 7, 2020 3:32p
loading...

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

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