Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. Nikkei 225
  4. News
  5. Summary
    N225   JP9010C00002


SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Japan stocks post biggest weekly gain in 2 months on U.S. stimulus hopes

10/09/2020 | 02:31am EDT

TOKYO, Oct 9 (Reuters) - Japanese stocks posted their biggest weekly gain in two months on Friday, on hopes of more stimulus in the United States, even though some investors doubted the chances of a deal in the run up to the U.S. presidential election.

The Nikkei 225 Index ended 0.12% lower at 23,619.69 on Friday. For the week, the Nikkei added 2.6%, its largest gain since the week ended Aug. 14. The broader TOPIX fell 0.49% to 1,647.38. For the week, the TOPIX rose 2.4%.

U.S. President Donald Trump said talks with Congress about a coronavirus stimulus, which he had abruptly called off earlier this week, had restarted.

However, Democrat House Speaker Nancy Pelosi downplayed the likelihood of stand-alone bills, and relations between the two political parties are likely to become more strained as a hotly-contested presidential election on Nov. 3 draws near.

The U.S. economy, struggling with a rise in cases of the novel coronavirus, is certain to lose momentum without a new stimulus — a risk for Japan's export sector.

"The biggest factor is (that) there is a great lack of clarity about U.S. economic policy and the presidential election, which is why it's difficult for markets to move," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management.

The largest percentage losers on the Nikkei index were Mitsubishi Motors Corp down 4.24%, followed by Takashimaya Co Ltd losing 4.22%, and JGC Holdings Corp down by 3.55%.

The largest percentage gainers were Seven & i Holdings Co Ltd up 4.61%, followed by Fast Retailing Co Ltd gaining 2.87%, and Daikin Industries Ltd up by 2.81%.

There were 41 advancers on the Nikkei index against 179 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.91 billion, compared with the average of 1.15 billion in the past 30 days. (Reporting by Stanley White; editing by Uttaresh.V)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DAIICHI SANKYO COMPANY, LIMITED 1.38% 2609 End-of-day quote.-26.20%
DAIKIN INDUSTRIES,LTD. 0.45% 20250 End-of-day quote.-11.65%
FAST RETAILING CO., LTD. 2.22% 84330 End-of-day quote.-8.80%
GS YUASA CORPORATION -1.58% 2987 End-of-day quote.0.78%
JGC HOLDINGS CORPORATION -2.63% 1035 End-of-day quote.7.37%
MITSUBISHI ESTATE CO., LTD. 0.08% 1911.5 End-of-day quote.15.36%
MITSUBISHI MOTORS CORPORATION 0.65% 309 End-of-day quote.42.40%
NIKKEI 225 0.96% 29441.3 Real-time Quote.5.48%
SEVEN & I HOLDINGS CO., LTD. 0.22% 4910 End-of-day quote.34.19%
TAKASHIMAYA COMPANY, LIMITED -0.23% 1320 End-of-day quote.49.15%
TAKEDA PHARMACEUTICAL COMPANY LIMITED -1.11% 3737 End-of-day quote.-0.48%
All news about NIKKEI 225
02:50aJapanese shares track Nasdaq higher, drug makers shine
02:46aNIKKEI 225  : Japan Index Closes Higher on Tuesday; Toshiba Sends Out Apology
02:24aNIKKEI 225  : Japan Shares Climb Tuesday as Country's Daily COVID-19 Cases Fall ..
02:13aAsian shares mixed, dollar strong as investors eye Fed meeting
02:07aAsian shares mixed, dollar strong as investors eye Fed meeting
06/14SINGAPORE EXCHANGE  : Introduces World's First ESG REIT Derivatives, Shares Jump..
06/14MARKET CHATTER : Black Market Emerges as Shenzhen Cracks Down on Housing Market
06/14Japanese shares rally; property developers, growth stocks lead gains
06/14Japan's nikkei average futures up 0.4% in early trade
06/14Wall Street in Holding Pattern Pre-Bell, Fed Meeting Eyed
More news
News of the index components NIKKEI 225
03:37aMIZUHO FINANCIAL  : corporate culture the root cause of repeated system failures..
03:10aNEC  : Vodafone names NEC as a key partner for 5G massive MIMO radio units suppo..
03:08aBRIDGESTONE  : Announces its Progress of Rebuilding Earning Power Based on Mid T..
03:04aNISSAN MOTOR  : e.dams to race on new circuit for Formula E Mexico E-Prix
02:50aJapanese shares track Nasdaq higher, drug makers shine
02:32aTAKASHIMAYA  : monthly sales report May.2021
02:28aMIZUHO FINANCIAL  : Changes of Directors and Executive Officers(PDF/63KB)
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
Top / Flop NIKKEI 225
Heatmap :