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Nov. 13, 2014, 4:19 a.m. EST

Nikkei hits seven-year high as stocks extend win streak

Hong Kong rises for fourth day, while other markets fall broadly

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By Laura He, MarketWatch


Reuters
Japan stocks gained further Thursday, while other major Asian indexes mostly declined.

HONG KONG (MarketWatch) — Japan stocks extended a three-day winning streak Thursday, with the Nikkei hitting the highest point in more than seven years.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.92%  climbed 1.1% to close at 17,392.79, as investors looked ahead to Monday’s release of economic growth statistics, which were expected to be used by Prime Minister Shinzo Abe for deciding whether to postpone a sales-tax increase planned for October next year.

Meanwhile, the broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +1.16%  advanced 0.9%.

The yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1731% slipped against the greenback, with the dollar buying ¥115.58 compared with ¥115.47 a day earlier.

On the same day, official data showed that Japanese core machinery orders rose 2.9% in September from the previous month, marking a fourth straight month of gains.

Market movers included retailer AEON Co. Ltd. /zigman2/quotes/208701491/delayed JP:8267 +1.98% , rallying 3%, its local rivals J. Front Retailing Co. Ltd. /zigman2/quotes/209287176/delayed JP:3086 -0.68% and Fast Retailing Co. Ltd. /zigman2/quotes/200663563/delayed JP:9983 +2.45% , both advancing 1.9%. Internet and telecoms conglomerate SoftBank Corp. /zigman2/quotes/207303954/delayed JP:9984 +3.28% jumped 2.9%, electronic component maker TDK Corporation /zigman2/quotes/208948266/delayed JP:6762 +3.21%  climbed 2.2%, camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +2.81%  rose 1.6%, and auto maker Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +1.71%  improved by 1.3%.

In other Asian markets, Hong Kong stocks rose for a fourth straight session, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.42%  notching a mild 0.3% gain.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.63%  declined 0.4%.

In Sydney, the S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.10%  also settled 0.4% lower, while Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.77%  gave up 0.3%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,283.46
+439.50 +1.92%
Volume: 0.00
Aug. 13, 2020 9:31a
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,624.23
+18.70 +1.16%
Volume: 0.00
Aug. 13, 2020 9:31a
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.7070
-0.1850 -0.1731%
Volume: 0.0000
Aug. 12, 2020 8:51p
loading...
/zigman2/quotes/208701491/delayed
JP : Japan: Tokyo
¥ 2,710.50
+52.50 +1.98%
Volume: 699,300
Aug. 13, 2020 9:31a
P/E Ratio
N/A
Dividend Yield
1.33%
Market Cap
¥2226.66 billion
Rev. per Employee
¥57.53M
loading...
/zigman2/quotes/209287176/delayed
JP : Japan: Tokyo
¥ 730.00
-5.00 -0.68%
Volume: 425,200
Aug. 13, 2020 9:31a
P/E Ratio
N/A
Dividend Yield
4.93%
Market Cap
¥186.16 billion
Rev. per Employee
¥68.57M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 61,580.00
+1,470 +2.45%
Volume: 160,200
Aug. 13, 2020 9:31a
P/E Ratio
66.60
Dividend Yield
0.78%
Market Cap
¥6087.84 billion
Rev. per Employee
¥40.83M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,395.00
+203.00 +3.28%
Volume: 5.07M
Aug. 13, 2020 9:31a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥12381.66 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 11,560.00
+360.00 +3.21%
Volume: 211,100
Aug. 13, 2020 9:31a
P/E Ratio
26.44
Dividend Yield
1.38%
Market Cap
¥1462.81 billion
Rev. per Employee
¥13.41M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 842.00
+23.00 +2.81%
Volume: 1.64M
Aug. 13, 2020 9:31a
P/E Ratio
N/A
Dividend Yield
2.38%
Market Cap
¥297.37 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,368.00
+124.00 +1.71%
Volume: 1.78M
Aug. 13, 2020 9:31a
P/E Ratio
13.49
Dividend Yield
1.09%
Market Cap
¥19991.13 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,244.02
+353.34 +1.42%
Volume: 1.76M
Aug. 12, 2020 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,319.27
-21.02 -0.63%
Volume: 37.83B
Aug. 12, 2020 3:01p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,138.20
+6.20 +0.10%
Volume: 128,402
Aug. 13, 2020 10:31a
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,451.10
+18.75 +0.77%
Volume: 163,340
Aug. 13, 2020 9:31a
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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