Bulletin
Investor Alert

New York Markets Open in:

Asia Markets Archives | Email alerts

March 25, 2005, 5:19 a.m. EST

Nikkei ends up 0.1 percent

Taiwan up 1.1% after rate hike on low end of expectations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
  • X
    Toyota Motor Corp. (7203)
  • X
    Toyota Motor Corp. ADR (TM)

or Cancel Already have a watchlist? Log In

By Lisa Twaronite, MarketWatch

TOKYO (MarketWatch) -- Japanese stock indexes ended higher Friday as shares of exporters, particularly automakers, rose in line with the dollar's recent strength.

Around the region, markets in Australia, New Zealand, Hong Kong, Singapore, Manila and Jakarta were closed in observance of Good Friday.

The Nikkei 225 Average ended up 0.1 percent, or 15.13 points, at 11,761.10. The broader Topix of all Tokyo Stock Exchange first section issues gained 5.33 points to 1,193.77.

A stronger dollar boosts the value of exporters' profits when they're repatriated into local currency.

The dollar was trading at 106.46 yen, compared to 106.31 yen in late U.S. trading Thursday. See Currencies.

Taiwain's Taiex index added 1.1 percent.

On Friday, Taiwan's central bank raised the discount rate on 10-day loans to commercial lenders by an eighth of a percentage point to 1.875 percent at its quarterly policy meeting, on the low end of market expectations. The decision was forecast by seven out of nine economists surveyed by Bloomberg News.

Taiwan Semiconductor /zigman2/quotes/204359850/composite TSM +3.73% rose 1.8 percent.

South Korea's Kospi index ended up 0.9 percent.

In Tokyo, Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.27% /zigman2/quotes/200537742/composite TM +1.76% rose 2.0 percent and Honda Motor /zigman2/quotes/200490352/delayed JP:7267 -4.37% /zigman2/quotes/207173990/composite HMC +2.15% was up 2.3 percent.

Sony /zigman2/quotes/201361720/delayed JP:6758 +0.72% was up 2.1 percent, shrugging off a local media report about its future outlook.

In an interview with the Japanese daily newspaper Asahi Shimbun, company president Ryoji Chubachi said the electronics and entertainment giant is unlikely to hit its target of an operating profit margin of 10 percent in the fiscal year through March 2007. Sony expects operating profit margin of some 1 percent for the current year to March, the report said.

Shares of Toshiba /zigman2/quotes/205628942/delayed JP:6502 0.00% fell 0.5 percent.

On Thursday, a California jury awarded Lexar Media $84 million in punitive damages in its flash memory intellectual property case against Toshiba and its U.S. unit Toshiba America Electronic Components Inc. /zigman2/quotes/203922036/composite TOSBF +2.31% . On Wednesday, the jury awarded the Fremont, Calif.-based digital media company $381.4 million in damages after finding Toshiba liable for breach of fiduciary duty and theft of trade secrets in the development of certain flash memory technology. See full story.

Shares of Softbank /zigman2/quotes/207303954/delayed JP:9984 +1.39% /zigman2/quotes/202815238/composite SFTBF +14.30% were up 3.2 percent.

In the latest twist of an ongoing hostile merger saga here, Softbank unit Softbank Investment Corp. /zigman2/quotes/200067066/delayed JP:8473 -4.02% said Thursday it is now the largest shareholder of Fuji TV, in an apparent move to prevent Japan's largest commercial broadcaster from being taken over by Internet startup Livedoor Co.

Japan deflation remains entrenched

Data released early in the session underscored that Japan remains the grip of deflation, meaning the Bank of Japan is highly unlikely to end its ultra-easy monetary policy anytime in the near future.

The consumer price index for Tokyo's 23 wards, the key gauge of consumer prices in Tokyo dropped 0.2 percent in fiscal 2004 for the sixth straight annual decline, the Ministry of Internal Affairs and Communications said in a preliminary report.

Core CPI, which excludes perishable food prices, registered 97.2 for the year to March 31 against the base of 100 for 2000. For the month of March, Tokyo core, considered a proxy for the national numbers released next month, was flat from February and fell 0.5 percent on year.

"The rate of decline was unchanged from the previous two months, and shows that deflation is continuing, although special factors such as cuts in telephone rates are contributing somewhat to this," said Peter Morgan, chief Japan economist at HSBC Securities in Tokyo.

/zigman2/quotes/204359850/composite
US : U.S.: NYSE
$ 90.96
+3.27 +3.73%
Volume: 11.18M
May 13, 2022 4:00p
P/E Ratio
19.97
Dividend Yield
1.67%
Market Cap
$444.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 2,049.50
-5.50 -0.27%
Volume: 26.35M
May 16, 2022 3:00p
P/E Ratio
9.99
Dividend Yield
2.73%
Market Cap
¥28463.35 billion
Rev. per Employee
¥85.67M
loading...
/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 161.33
+2.79 +1.76%
Volume: 246,224
May 13, 2022 4:00p
P/E Ratio
8.81
Dividend Yield
2.51%
Market Cap
$220.01 billion
Rev. per Employee
$762,375
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,175.00
-145.00 -4.37%
Volume: 8.28M
May 16, 2022 3:00p
P/E Ratio
7.72
Dividend Yield
3.78%
Market Cap
¥5722.22 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 25.63
+0.54 +2.15%
Volume: 1.42M
May 13, 2022 4:00p
P/E Ratio
6.98
Dividend Yield
3.20%
Market Cap
$44.23 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,180.00
+80.00 +0.72%
Volume: 3.39M
May 16, 2022 3:00p
P/E Ratio
15.86
Dividend Yield
0.63%
Market Cap
¥13767.19 billion
Rev. per Employee
¥90.44M
loading...
/zigman2/quotes/205628942/delayed
JP : Japan: Tokyo
¥ 5,426.00
0.00 0.00%
Volume: 1.53M
May 16, 2022 3:00p
P/E Ratio
13.04
Dividend Yield
5.34%
Market Cap
¥2347.60 billion
Rev. per Employee
¥28.22M
loading...
/zigman2/quotes/203922036/composite
US : U.S.: OTC
$ 42.88
+0.97 +2.31%
Volume: 4.00
May 2, 2022 9:58a
P/E Ratio
11.29
Dividend Yield
N/A
Market Cap
$18.03 billion
Rev. per Employee
$257,455
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,110.00
+70.00 +1.39%
Volume: 25.96M
May 16, 2022 3:00p
P/E Ratio
4.63
Dividend Yield
0.00%
Market Cap
¥8636.63 billion
Rev. per Employee
¥181.04M
loading...
/zigman2/quotes/202815238/composite
US : U.S.: OTC
$ 39.40
+4.93 +14.30%
Volume: 18,334
May 13, 2022 3:38p
P/E Ratio
3.80
Dividend Yield
N/A
Market Cap
$66.76 billion
Rev. per Employee
$1.67M
loading...
/zigman2/quotes/200067066/delayed
JP : Japan: Tokyo
¥ 2,675.00
-112.00 -4.02%
Volume: 4.16M
May 16, 2022 3:00p
P/E Ratio
1.96
Dividend Yield
4.86%
Market Cap
¥683.38 billion
Rev. per Employee
¥66.53M
loading...

Lisa Twaronite is Asia Bureau Chief for MarketWatch, based in Tokyo.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.