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Feb. 4, 2015, 4:13 a.m. EST

Japan stocks jump most in two weeks on strong earnings

Sydney and Hong Kong markets also end higher

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By Laura He, MarketWatch


Reuters
Japan stocks rally on Wednesday, with most other Asian markets also ending higher.

HONG KONG (MarketWatch) -- Japan stocks rallied the most in two weeks on Wednesday, as strong corporate earnings results helped push the markets higher.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.44%   climbed 2%, marking its biggest percentage increase since two weeks ago. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +1.30%  added 1.8%.

The yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0298%  was little changed against the dollar at ¥117.37 from ¥117.33 at previous stock close.

Japan’s largest bank Mitsubishi UFJ Financial Group Inc. /zigman2/quotes/207520099/delayed JP:8306 -0.26%  surged 5.2%, after reporting a 18% year-on-year jump in profit for the nine-month period through December.

Video game developer Capcom Co., Ltd. /zigman2/quotes/202399938/delayed JP:9697 +0.24%  soared 6.9%, as its April-to-December profit climbed 10% despite a fall in revenues.

Other top gainers included Dai-Ichi Life Insurance Company, Ltd. /zigman2/quotes/208507587/delayed JP:8750 +0.74%  , spiking 6.8%, and Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 +0.53%  , rising 3.9%.

However, electronics giant Sharp Corporation /zigman2/quotes/203224600/delayed JP:6753 +3.61%  tumbled 4.5%, after posting a net loss in the April-December period and also expected to see a net loss for the full year. Rival Panasonic Corporation /zigman2/quotes/201785256/delayed JP:6752 +1.47%  declined 2%, as its quarterly profit was below the year-earlier level.

Other major Asian markets mostly advanced, as Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.40%  improved by 1.2%, Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.89%   tacked on 0.6%, and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.27%   finished 0.5% higher.

However, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.98%  bucked the trend and declined 1%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,912.24
+325.23 +1.44%
Volume: 0.00
July 15, 2020 11:30a
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,585.55
+20.40 +1.30%
Volume: 0.00
July 15, 2020 11:30a
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.2660
+0.0320 +0.0298%
Volume: 0.0000
July 14, 2020 10:51p
loading...
/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 423.40
-1.10 -0.26%
Volume: 24.79M
July 15, 2020 11:30a
P/E Ratio
10.40
Dividend Yield
5.90%
Market Cap
¥5420.03 billion
Rev. per Employee
¥50.52M
loading...
/zigman2/quotes/202399938/delayed
JP : Japan: Tokyo
¥ 4,115.00
+10.00 +0.24%
Volume: 178,200
July 15, 2020 11:30a
P/E Ratio
27.54
Dividend Yield
1.09%
Market Cap
¥450.49 billion
Rev. per Employee
¥36.60M
loading...
/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,353.00
+10.00 +0.74%
Volume: 1.84M
July 15, 2020 11:30a
P/E Ratio
48.92
Dividend Yield
4.58%
Market Cap
¥1490.93 billion
Rev. per Employee
¥103.65M
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 13,320.00
+70.00 +0.53%
Volume: 288,600
July 15, 2020 11:30a
P/E Ratio
16.84
Dividend Yield
1.35%
Market Cap
¥2661.29 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,177.00
+41.00 +3.61%
Volume: 1.40M
July 15, 2020 11:30a
P/E Ratio
37.92
Dividend Yield
1.53%
Market Cap
¥701.86 billion
Rev. per Employee
¥50.23M
loading...
/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,009.00
+14.60 +1.47%
Volume: 2.22M
July 15, 2020 11:30a
P/E Ratio
10.43
Dividend Yield
2.97%
Market Cap
¥2322.93 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,024.40
+83.30 +1.40%
Volume: 252,116
July 15, 2020 12:31p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,202.97
+19.36 +0.89%
Volume: 466,487
July 15, 2020 11:31a
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,545.90
+68.01 +0.27%
Volume: 497,356
July 15, 2020 10:36a
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,381.10
-33.52 -0.98%
Volume: 21.40B
July 15, 2020 10:35a
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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