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 

MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002


SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

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

10/09/2020 | 02:31am EST

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 3.03% 3643 End-of-day quote.51.20%
DAIKIN INDUSTRIES,LTD. 2.46% 23785 End-of-day quote.53.95%
FAST RETAILING CO., LTD. 2.30% 83000 End-of-day quote.27.69%
GS YUASA CORPORATION 3.74% 2497 End-of-day quote.5.58%
JGC HOLDINGS CORPORATION 3.07% 974 End-of-day quote.-44.50%
MITSUBISHI ESTATE CO., LTD. 3.01% 1850 End-of-day quote.-11.46%
MITSUBISHI MOTORS CORPORATION 1.55% 196 End-of-day quote.-57.21%
NIKKEI 225 0.50% 26296.86 Real-time Quote.10.61%
SEVEN & I HOLDINGS CO., LTD. 2.45% 3387 End-of-day quote.-15.39%
TAKASHIMAYA COMPANY, LIMITED 2.77% 890 End-of-day quote.-27.52%
TAKEDA PHARMACEUTICAL COMPANY LIMITED 0.30% 3660 End-of-day quote.-15.51%
All news about NIKKEI 225
09:48aWALL STREET STOCK EXCHANGE : Stocks Pause After Dow's 30000 Milestone
09:36aTODAY'S LOGISTICS REPORT : Building Vaccine Supply Chains; Delivery's Uphill Cli..
09:08aStock Futures Pause After Dow's 30000 Milestone
08:20aStock Futures Pause After Dow's 30000 Milestone
07:30aStock Futures Pause After Dow's 30000 Milestone
07:13aStocks touch record high as investors cheer Biden transition, vaccines
05:58aGlobal stocks hit record highs
05:43aStock Futures Pause After Dow's 30000 Milestone
02:26aNikkei faces correction before gains next year - Reuters poll
01:42aREFILE-Japan shares end higher as Dow hits record high on Biden transition
More news
News of the index components NIKKEI 225
09:56aChugai and DeNA Jointly Launch 'Ring Again,' a Rheumatoid Arthritis Disease A..
09:55aMITSUBISHI CHEMICAL : Selected for Dow Jones Sustainability World Index for 4 Co..
09:53aTAKEDA PHARMACEUTICAL : Announcement of Making Nihon Pharmaceutical Co., Ltd. a ..
09:53aSHIONOGI : Announces FDA Approval of XOFLUZA for the prevention of Influenza fol..
08:28aSOFTBANK : Hawks sweep Yomiuri Giants for Japan Series title
07:13aSEIKO EPSON : High Court Of Australia Allows Sale Of Modified Cartridges, Adopts..
05:53aTOYOTA MOTOR : Begins Sales of "Shodoku Taishi" Foot-Operated Sanitizer Stands
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
Heatmap :