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Jan. 28, 2015, 3:33 a.m. EST

Japan stocks rise to fresh one-month high as yen weakens

Shanghai stocks buck the trend and extend losses

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By Laura He, MarketWatch


Reuters Enlarge Image
Japan stocks rise further on Wednesday, with most Asian markets ending higher.

HONG KONG (MarketWatch) — Japan stocks gained further on Wednesday to a fresh one-month high, as the yen weakened versus the greenback ahead of the outcome of the Federal Reserve’s policy meeting later in the day.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.40%  edged up 0.2% at 17,795.73, extending gains after touching a one-month closing high in the previous day. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +0.0006%  rose 0.3%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0121%  declined against the dollar to ¥118.05, compared with ¥117.78 late Tuesday in New York, as investors awaited the upcoming statement of the Federal Reserve after its two-day policy meeting that started Tuesday.

Among big movers, electronics giant Sharp Corporation /zigman2/quotes/203224600/delayed JP:6753 -0.17% jumped 4.4%, media conglomerate Sony Corporation /zigman2/quotes/201361720/delayed JP:6758 +3.27% advanced 2.7%, Panasonic Corporation /zigman2/quotes/201785256/delayed JP:6752 +0.95%  advanced 2%, while maker of construction and mining equipment Komatsu Ltd. /zigman2/quotes/204002437/delayed JP:6301 +0.41% declined 2.3%, and semiconductor maker Tokyo Electron Ltd. /zigman2/quotes/202883609/delayed JP:8035 +0.08% lost 1.9%.

Most also other Asian markets closed higher, as South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.42%  tacked on 0.5%, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.31%  finished up 0.2%, and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.59%  inched 0.1% higher.

However, Shanghai stocks bucked the trend and extended losses, with the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.39%  retreating 1.4%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,529.29
+90.64 +0.40%
Volume: 0.00
July 9, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,557.24
+0.01 +0.0006%
Volume: 0.00
July 9, 2020 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.2450
-0.0130 -0.0121%
Volume: 0.0000
July 9, 2020 10:51a
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/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,148.00
-2.00 -0.17%
Volume: 1.45M
July 9, 2020 3:00p
P/E Ratio
36.99
Dividend Yield
1.57%
Market Cap
¥702.47 billion
Rev. per Employee
¥50.23M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,673.00
+243.00 +3.27%
Volume: 7.67M
July 9, 2020 3:00p
P/E Ratio
16.65
Dividend Yield
0.59%
Market Cap
¥9065.79 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 965.40
+9.10 +0.95%
Volume: 6.48M
July 9, 2020 3:00p
P/E Ratio
9.98
Dividend Yield
3.11%
Market Cap
¥2231.01 billion
Rev. per Employee
¥29.74M
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/zigman2/quotes/204002437/delayed
JP : Japan: Tokyo
¥ 2,189.00
+9.00 +0.41%
Volume: 3.24M
July 9, 2020 3:00p
P/E Ratio
13.45
Dividend Yield
4.29%
Market Cap
¥2059.28 billion
Rev. per Employee
¥45.51M
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/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 29,835.00
+25.00 +0.08%
Volume: 1.11M
July 9, 2020 3:00p
P/E Ratio
25.63
Dividend Yield
2.21%
Market Cap
¥4636.21 billion
Rev. per Employee
¥110.09M
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,167.90
+9.02 +0.42%
Volume: 619,368
July 9, 2020 3:32p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,210.16
+80.98 +0.31%
Volume: 2.45M
July 9, 2020 4:08p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,955.50
+35.20 +0.59%
Volume: 678,402
July 9, 2020 5:17p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,450.59
+47.15 +1.39%
Volume: 62.00B
July 9, 2020 3:01p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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