Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

NIKKEI 225

(N225)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Nikkei dips as SoftBank Group tumbles after Nasdaq rout

share with twitter share with LinkedIn share with facebook
09/06/2020 | 11:32pm EDT

TOKYO, Sept 7 (Reuters) - Japan's Nikkei average dipped on Monday following a fall in Wall Street shares while SoftBank Group sank as news revealed it had made massive bets on U.S. technology shares just as a rally in the sector cooled off.

The Nikkei was down 0.34% at 23,126.92, while the broader Topix was down 0.21% at 1,613.19, with both indexes staying off their six-month highs touched last Thursday.

"Because the market had risen by factoring all the positive factors ranging from more stimulus and vaccine developments, it is hard from here to advance further," said Daisuke Uchiyama, senior strategist at Okasan Securities.

Concerns about high valuations sent Wall Street's tech-heavy Nasdaq sharply lower during the last two sessions, its biggest setback after almost six months of strong gains.

In Japan, SoftBank Group sank 6.6% to a two-month low. The company made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some proceeds from asset sales, people familiar with the matter said on Friday.

Mobile phone carriers such as KDDI, SoftBank Corp and NTT DoCoMo fell between 0.7% and 1.4% as Yoshihide Suga, who is expected to win a ruling party leadership election next week to succeed Prime Minister Shinzo Abe, has been calling for lower mobile tariffs.

Bank shares rose 0.5%, with Aomori Bank and Michinoku Bank adding 6.1% and 9.6%, respectively, after local media reported that the two banks based in northern Japan were discussing business integration.

Although the banks said a decision has not been made, the news fanned hopes for more mergers in Japan's crowded banking sector.

Industry robot maker Fanuc jumped 6.9% after business daily Nikkei reported the company plans to triple output of a type of factory robot due to increased automation demand following the COVID-19 pandemic.

(Editing by Devika Syamnath)


Stocks mentioned in the article
ChangeLast1st jan.
FANUC CORPORATION 1.34% 21540 End-of-day quote.5.95%
KDDI CORPORATION 0.29% 2770.5 End-of-day quote.-14.83%
NASDAQ COMP. 0.37% 11548.281629 Delayed Quote.28.71%
NIKKEI 225 0.18% 23516.59 Real-time Quote.-0.59%
NTT DOCOMO, INC. 0.05% 3889 End-of-day quote.28.01%
OKASAN SECURITIES GROUP INC. 1.64% 372 End-of-day quote.-5.34%
SOFTBANK CORP. -0.83% 1200 End-of-day quote.-17.78%
SOFTBANK GROUP CORP. -0.08% 7082 End-of-day quote.48.91%
THE AOMORI BANK, LTD. 0.99% 2335 End-of-day quote.-20.23%
THE MICHINOKU BANK, LTD. 0.17% 1200 End-of-day quote.-19.84%
share with twitter share with LinkedIn share with facebook
All news about NIKKEI 225
10/23WALL STREET STOCK EXCHANGE : Stocks Snap Three-Week Winning Streak
DJ
10/23Investors left hanging as stimulus talks drag on
RE
10/23WALL STREET STOCK EXCHANGE : Stocks Snap Three-Week Winning Streak
DJ
10/23Investors left hanging as stimulus talks drag on
RE
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Snap Three-Week Winning Streak
DJ
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Snap Three-Week Winning Streak
DJ
10/23TODAY'S LOGISTICS REPORT : Tracking a Vaccine; Lasting Postal Slowdown; Megaship..
DJ
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Break Three-Week Winning Streak
DJ
10/23GLOBAL-MARKETS-Stocks rally, Treasury yields hit highs on stimulus hopes
RE
10/23WALL STREET STOCK EXCHANGE : U.S. Stocks Open Higher Ahead of Economic Data
DJ
More news
News of the index components NIKKEI 225
01:51pMotor racing-Mercedes back Red Bull plan to take on Honda's engine
RE
05:48aBASEBALL : Pacific League standings (Oct. 24)
AQ
10/23TOYOTA MOTOR : Shareholders & Investors News
PU
10/23Former Fair CEO seeks to buy the SoftBank-backed car leasing service - source..
RE
10/23KAWASAKI KISEN KAISHA : Ocean transport of the first lot of railway coach to Mya..
AQ
10/23CHUGAI PHARMACEUTICAL : Announces 2020 3rd Quarter Results
AQ
10/23ASTELLAS PHARMA : ITI Announces Promotion of Dr. Tim Coleman to SVP, Operations ..
AQ
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
TrendsBullishBullishNeutral
Heatmap :