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May 10, 2013, 4:31 a.m. EDT

Japan stocks jump as dollar tops ¥100

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By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) — Japanese stocks were propelled higher Friday after the U.S. dollar climbed atop the 100-yen level for the first time in four years, stoking sharp gains in exporters.

Most other regional markets also rose, although gains were capped as stocks on Wall Street dropped overnight, taking a breather after key U.S. benchmarks closed at record highs on multiple occasions recently.

/zigman2/quotes/210561789/realtime/sampled USDJPY 107.3590, -0.1540, -0.1432%
/zigman2/quotes/210597971/delayed NIK 22,714.44, +407.96, +1.83%
Dollar-Yen Vs. Nikkei Stock Average
Six-month price chart

Japan’s Nikkei Stock Average /zigman2/quotes/210597971/delayed JP:NIK +1.83%  finished the day 2.9% higher at 14,607.54, clinching a weekly gain of 6.7%. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +1.60%  gained 2.4% to 1,210.60. The surge came as the dollar overcame stiff resistance seen in the last few weeks to climb over the psychologically important ¥100 level overnight in the U.S.

“With Japan at the beginning of its two-year expansion project, any talk of the U.S. winding back its stimulus will see the yen continue to weaken again the [dollar],” said IG Markets strategist Evan Lucas.

“The 2% inflation target domestically is all the Bank of Japan is after, and it will continue to ramp up stimulus measures if this does not occur fast enough, which will push the pair higher,” Evans said.

After breaking past the ¥100 barrier in U.S. trade, the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1432% rallied further in the Asian session, and was fetching ¥101.30 by late afternoon in Hong Kong. Late Thursday in North America, the greenback was buying ¥100.48.

Shares of companies with a significant international presence got a boost on expectations the weakened yen would provide them a competitive edge and increase their repatriated profits.


Reuters

Casio Computer Co. /zigman2/quotes/202492162/delayed JP:6952 +1.99%   /zigman2/quotes/206719136/composite CSIOY -2.82% , Panasonic Corp. /zigman2/quotes/201785256/delayed JP:6752 +3.42% /zigman2/quotes/202333059/composite PCRFY +1.82% , Komatsu Ltd. /zigman2/quotes/204002437/delayed JP:6301 +2.36% /zigman2/quotes/206435044/composite KMTUF +2.43% and Japan Tobacco Inc. /zigman2/quotes/208255672/delayed JP:2914 +0.88% /zigman2/quotes/208949046/composite JAPAF -3.53%  all climbed 3% or more.

Currency-sensitive car-maker shares saw particularly strong gains, with Mazda Motor Corp. /zigman2/quotes/204777714/delayed JP:7261 +4.10% /zigman2/quotes/206326885/composite MZDAY +1.96% rising 7.2%, Nissan Motor Co. /zigman2/quotes/208298710/delayed JP:7201 +5.15% /zigman2/quotes/207656007/composite NSANY +2.76% up 3%, Mitsubishi Motors Corp. /zigman2/quotes/202404490/delayed JP:7211 +4.58%   /zigman2/quotes/200876874/composite MMTOF +5.65%  adding 5.2%, and Subaru maker Fuji Heavy Industries Ltd. /zigman2/quotes/203522406/delayed JP:7270 +1.73%   /zigman2/quotes/203008939/composite FUJHF -0.94%  jumping 11.3%.

Trend Micro Inc. /zigman2/quotes/206023532/delayed JP:4704 +0.66% /zigman2/quotes/205788499/composite TMICY +0.42%  soared 17.8% after announcing a sharp growth in quarterly profit.

Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +3.30%   /zigman2/quotes/209396469/composite NINOY +2.36%  spiked 14.6%, catching an additional bid a day after issuing a better-than-expected earnings forecast.

Sony Corp. /zigman2/quotes/201361720/delayed JP:6758 +0.92%   /zigman2/quotes/208567357/composite SNE +0.38%  added 2.5%, after it posted its first annual profit in five years.

Suzuki Motor Corp. /zigman2/quotes/201794956/delayed JP:7269 +5.13% /zigman2/quotes/201304995/composite SZKMY +3.25%  gained 7.5% after it reported a record profit for the financial year ended March 31.

Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +3.12%   /zigman2/quotes/201351352/composite RNECY +2.06%  gained 3% despite reporting a wider annual loss, after the Nikkei newspaper cited a top company official as saying the firm was currently drawing up turnaround plans.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,714.44
+407.96 +1.83%
Volume: 0.00
July 6, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,577.15
+24.82 +1.60%
Volume: 0.00
July 6, 2020 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.3590
-0.1540 -0.1432%
Volume: 0.0000
July 6, 2020 2:22p
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/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,896.00
+37.00 +1.99%
Volume: 595,600
July 6, 2020 3:00p
P/E Ratio
26.39
Dividend Yield
2.37%
Market Cap
¥450.93 billion
Rev. per Employee
¥24.53M
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/zigman2/quotes/206719136/composite
US : U.S.: OTC
$ 168.41
-4.90 -2.82%
Volume: 0.00
July 2, 2020 9:57a
P/E Ratio
72.20
Dividend Yield
2.03%
Market Cap
$4.17 billion
Rev. per Employee
$222,207
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 974.20
+32.20 +3.42%
Volume: 7.82M
July 6, 2020 3:00p
P/E Ratio
10.07
Dividend Yield
3.08%
Market Cap
¥2197.65 billion
Rev. per Employee
¥29.74M
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/zigman2/quotes/202333059/composite
US : U.S.: OTC
$ 8.96
+0.16 +1.82%
Volume: 102,172
July 6, 2020 2:04p
P/E Ratio
10.07
Dividend Yield
2.56%
Market Cap
$20.43 billion
Rev. per Employee
$269,385
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/zigman2/quotes/204002437/delayed
JP : Japan: Tokyo
¥ 2,236.00
+51.50 +2.36%
Volume: 3.69M
July 6, 2020 3:00p
P/E Ratio
13.73
Dividend Yield
4.20%
Market Cap
¥2063.53 billion
Rev. per Employee
¥45.51M
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/zigman2/quotes/206435044/composite
US : U.S.: OTC
$ 20.54
+0.49 +2.43%
Volume: 3,345
July 6, 2020 10:23a
P/E Ratio
13.72
Dividend Yield
N/A
Market Cap
$19.04 billion
Rev. per Employee
$412,180
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/zigman2/quotes/208255672/delayed
JP : Japan: Tokyo
¥ 2,004.00
+17.50 +0.88%
Volume: 4.00M
July 6, 2020 3:00p
P/E Ratio
11.34
Dividend Yield
7.68%
Market Cap
¥3524.00 billion
Rev. per Employee
¥34.64M
loading...
/zigman2/quotes/208949046/composite
US : U.S.: OTC
$ 18.61
-0.68 -3.53%
Volume: 3,893
July 6, 2020 12:25p
P/E Ratio
11.45
Dividend Yield
N/A
Market Cap
$32.93 billion
Rev. per Employee
$313,662
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/zigman2/quotes/204777714/delayed
JP : Japan: Tokyo
¥ 686.00
+27.00 +4.10%
Volume: 5.85M
July 6, 2020 3:00p
P/E Ratio
35.65
Dividend Yield
5.10%
Market Cap
¥415.03 billion
Rev. per Employee
¥71.32M
loading...
/zigman2/quotes/206326885/composite
US : U.S.: OTC
$ 3.12
+0.06 +1.96%
Volume: 17,659
July 6, 2020 2:06p
P/E Ratio
35.02
Dividend Yield
3.53%
Market Cap
$3.86 billion
Rev. per Employee
$646,191
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 414.30
+20.30 +5.15%
Volume: 23.04M
July 6, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
2.41%
Market Cap
¥1541.29 billion
Rev. per Employee
¥85.36M
loading...
/zigman2/quotes/207656007/composite
US : U.S.: OTC
$ 7.63
+0.21 +2.76%
Volume: 44,234
July 6, 2020 2:03p
P/E Ratio
N/A
Dividend Yield
7.29%
Market Cap
$14.48 billion
Rev. per Employee
$773,563
loading...
/zigman2/quotes/202404490/delayed
JP : Japan: Tokyo
¥ 274.00
+12.00 +4.58%
Volume: 7.30M
July 6, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
3.65%
Market Cap
¥389.94 billion
Rev. per Employee
¥80.91M
loading...
/zigman2/quotes/200876874/composite
US : U.S.: OTC
$ 2.62
+0.14 +5.65%
Volume: 0.00
July 2, 2020 2:16p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.64 billion
Rev. per Employee
$733,027
loading...
/zigman2/quotes/203522406/delayed
JP : Japan: Tokyo
¥ 2,299.00
+39.00 +1.73%
Volume: 1.67M
July 6, 2020 3:00p
P/E Ratio
11.55
Dividend Yield
4.35%
Market Cap
¥1733.00 billion
Rev. per Employee
¥95.93M
loading...
/zigman2/quotes/203008939/composite
US : U.S.: OTC
$ 21.06
-0.20 -0.94%
Volume: 1,145
July 6, 2020 10:23a
P/E Ratio
11.57
Dividend Yield
N/A
Market Cap
$16.22 billion
Rev. per Employee
$868,462
loading...
/zigman2/quotes/206023532/delayed
JP : Japan: Tokyo
¥ 6,140.00
+40.00 +0.66%
Volume: 449,100
July 6, 2020 3:00p
P/E Ratio
28.62
Dividend Yield
2.61%
Market Cap
¥849.04 billion
Rev. per Employee
¥26.87M
loading...
/zigman2/quotes/205788499/composite
US : U.S.: OTC
$ 56.82
+0.24 +0.42%
Volume: 531.00
July 6, 2020 12:37p
P/E Ratio
30.90
Dividend Yield
2.28%
Market Cap
$7.79 billion
Rev. per Employee
$243,287
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/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 909.00
+29.00 +3.30%
Volume: 1.67M
July 6, 2020 3:00p
P/E Ratio
50.50
Dividend Yield
4.40%
Market Cap
¥323.07 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/209396469/composite
US : U.S.: OTC
$ 8.38
+0.19 +2.36%
Volume: 10,920
July 6, 2020 1:57p
P/E Ratio
46.14
Dividend Yield
3.22%
Market Cap
$3.02 billion
Rev. per Employee
$309,299
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,580.00
+69.00 +0.92%
Volume: 3.21M
July 6, 2020 3:00p
P/E Ratio
16.45
Dividend Yield
0.59%
Market Cap
¥9164.62 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/208567357/composite
US : U.S.: NYSE
$ 70.50
+0.27 +0.38%
Volume: 1.01M
July 6, 2020 2:22p
P/E Ratio
16.63
Dividend Yield
0.43%
Market Cap
$85.03 billion
Rev. per Employee
$654,652
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/zigman2/quotes/201794956/delayed
JP : Japan: Tokyo
¥ 3,771.00
+184.00 +5.13%
Volume: 1.78M
July 6, 2020 3:00p
P/E Ratio
13.17
Dividend Yield
1.96%
Market Cap
¥1740.89 billion
Rev. per Employee
¥59.39M
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/zigman2/quotes/201304995/composite
US : U.S.: OTC
$ 138.94
+4.37 +3.25%
Volume: 3,926
July 6, 2020 1:59p
P/E Ratio
13.19
Dividend Yield
1.84%
Market Cap
$16.15 billion
Rev. per Employee
$538,402
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/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 595.00
+18.00 +3.12%
Volume: 7.59M
July 6, 2020 3:00p
P/E Ratio
67.31
Dividend Yield
N/A
Market Cap
¥989.42 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/201351352/composite
US : U.S.: OTC
$ 2.73
+0.06 +2.06%
Volume: 5,897
July 6, 2020 2:02p
P/E Ratio
66.95
Dividend Yield
N/A
Market Cap
$9.13 billion
Rev. per Employee
$334,299
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