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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 +0.99%  rose 0.3%, capping the week with a solid 1.8% gain. The broader Topix Index /zigman2/quotes/210598092/delayed JP:180460 +0.92%  edged up 0.2%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0195%  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 +0.78% , 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 -0.56%  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 +1.53%  improved by 1.8%, auto maker Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +0.56%  tacked on 1.4%, electronics giant Hitachi Ltd. /zigman2/quotes/203839937/delayed JP:6501 -0.12%  zoomed 0.7% higher, and semiconductor firm Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +1.50%  snagged a 0.3% gain.

In other Asian markets, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.15%  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 +0.05%  lost 0.3%, with the Australian dollar /zigman2/quotes/210560947/realtime/sampled AUDUSD +1.0511%   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 +0.05%  was up 0.9%, and South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.18%  settled 0.4% higher.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,003.21
+264.18 +0.99%
Volume: 0.00
May 23, 2022 2:59p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,894.68
+17.31 +0.92%
Volume: 0.00
May 23, 2022 2:59p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
127.9030
+0.0250 +0.0195%
Volume: 0.0000
May 23, 2022 2:19a
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,273.00
+41.00 +0.78%
Volume: 17.03M
May 23, 2022 2:59p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥8965.64 billion
Rev. per Employee
¥105.83M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,460.00
-65.00 -0.56%
Volume: 2.47M
May 23, 2022 2:59p
P/E Ratio
16.25
Dividend Yield
0.61%
Market Cap
¥14294.31 billion
Rev. per Employee
¥90.44M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 1,525.00
+23.00 +1.53%
Volume: 2.26M
May 23, 2022 2:59p
P/E Ratio
13.19
Dividend Yield
2.62%
Market Cap
¥551.53 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 2,059.50
+11.50 +0.56%
Volume: 17.52M
May 23, 2022 2:59p
P/E Ratio
10.04
Dividend Yield
2.72%
Market Cap
¥28366.39 billion
Rev. per Employee
¥85.67M
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 6,627.00
-8.00 -0.12%
Volume: 1.72M
May 23, 2022 2:59p
P/E Ratio
10.99
Dividend Yield
1.89%
Market Cap
¥6417.71 billion
Rev. per Employee
¥29.26M
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 1,491.00
+22.00 +1.50%
Volume: 8.60M
May 23, 2022 2:59p
P/E Ratio
16.71
Dividend Yield
N/A
Market Cap
¥2865.47 billion
Rev. per Employee
¥47.44M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,478.51
-238.73 -1.15%
Volume: 1.10M
May 23, 2022 2:04p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,149.20
+3.60 +0.05%
Volume: 430,544
May 23, 2022 3:59p
loading...
/zigman2/quotes/210560947/realtime/sampled
US : Tullett Prebon
0.7114
+0.0074 +1.0511%
Volume: 0.0000
May 23, 2022 2:19a
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,148.29
+1.72 +0.05%
Volume: 28.91B
May 23, 2022 2:04p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,643.97
+4.68 +0.18%
Volume: 569,116
May 23, 2022 2:59p
loading...

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

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