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Nov. 21, 2014, 3:39 a.m. EST

Japan stocks rise further as yen rebounds

Hong Kong stocks snap a four-day losing streak

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By Laura He, MarketWatch


Reuters
Japan stocks rose further on Friday, while other Asian markets were mostly up.

HONG KONG (MarketWatch) — Japan stocks rose further on Friday, with yen strengthening against the greenback after the country’s finance minister expressed concerns about the currency’s recent sharp drop.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.25%  added to previous gains and closed up 0.3%. For the week, the index posted a 0.8% loss. The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +0.10%  edged 0.2% higher on Friday, ending the week flat.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0799%  rebounded to ¥117.67 per dollar from a seven-year low of ¥118.98 per dollar on Thursday, after Japan’s Deputy Prime Minister and Finance Minister Taro Aso said that the decline of the currency in the past week has been too fast.

Earlier in the day, Prime Minister Shinzo Abe dissolved the lower house of parliament to pave the way for an early election on Dec. 14.

Market movers included camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 0.00%  , advancing 3%, industrial-robot manufacturer Fanuc Corporation /zigman2/quotes/202054799/delayed JP:6954 -0.08%  , up 1.3%, and media conglomerate Sony Corporation /zigman2/quotes/201361720/delayed JP:6758 +1.38%  , higher by 1%.

In Hong Kong, the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.11%  snapped a four-day losing streak and recovered 0.4%. However, the index still suffered a weekly loss of 2.7%.

In other Asian markets, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.76%  dipped 0.2%, while mainland China’s Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.21%  rose 1.4%, and South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 -0.08%  moved up 0.4%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,671.27
+57.51 +0.25%
Volume: 0.00
June 4, 2020 1:30p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,600.66
+1.58 +0.10%
Volume: 0.00
June 4, 2020 1:30p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.9920
+0.0870 +0.0799%
Volume: 0.0000
June 4, 2020 12:50a
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 1,008.00
0.00 0.00%
Volume: 1.68M
June 4, 2020 1:30p
P/E Ratio
51.33
Dividend Yield
3.97%
Market Cap
¥363.82 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 19,640.00
-15.00 -0.08%
Volume: 476,100
June 4, 2020 1:30p
P/E Ratio
51.44
Dividend Yield
N/A
Market Cap
¥3686.18 billion
Rev. per Employee
¥95.87M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,250.00
+99.00 +1.38%
Volume: 5.94M
June 4, 2020 1:30p
P/E Ratio
15.73
Dividend Yield
0.62%
Market Cap
¥8703.41 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,298.60
-27.02 -0.11%
Volume: 875,404
June 4, 2020 12:05p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,986.70
+45.10 +0.76%
Volume: 781,373
June 4, 2020 2:30p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,917.17
-6.20 -0.21%
Volume: 13.95B
June 4, 2020 12:35p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,145.38
-1.62 -0.08%
Volume: 1.11M
June 4, 2020 1:30p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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