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 ends higher on boost from ex-dividend stocks

share with twitter share with LinkedIn share with facebook
09/28/2020 | 03:04am EDT

TOKYO, Sept 28 (Reuters) - Japanese shares closed higher on Monday following bigger appetite for stocks that were set to go ex-dividend this week, although gains were capped due to U.S.-Sino tensions.

The benchmark Nikkei share average rose 1.32% to 23,511.62 and the broader Topix gained 1.69% to 1,661.93. All but two of the 33 sector sub-indexes on the Tokyo exchange traded higher.

Investors took cues from Wall Street's positive finish on Friday when main indexes gained more than 1%, while in Japan, analysts cited demand for index futures by index and mutual funds lifting sentiment a day before the ex-dividend date.

But U.S.-China tensions capped gains after reports the U.S. had sent letters informing companies that suppliers of certain equipment to China's Semiconductor Manufacturing International Corporation must apply for individual export licenses.

Amid the tech-related dispute between the two nations, chipmaker Kioxia Holdings Corp postponed plans for what would have been Japan's largest initial public offering this year.

This triggered a sell-off in Toshiba Corp stocks, which had intended to return most of the IPO proceeds to shareholders, dropping more than 8% in early session before retracing some losses to trade 3.23% lower.

"It has become clear that the U.S. restrictions on China have affected various companies in the semi-conductor industry... but the magnitude of the effect will differ from companies to companies," said Takashi Hiroki, chief strategist at Monex Securities.

Other semi-conductor shares also declined. Tokyo Electron and Advantest Corp slid 1.75% each.

Stocks that outperformed included Nitori Holdings, which edged 0.56% higher after the interior goods company announced upward revisions to earnings forecasts.

Elsewhere, the Mothers Index of start-up firm shares fell 1.62%. (Reporting by Eimi Yamamitsu; editing by Uttaresh.V)


Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION -0.18% 5530 End-of-day quote.-10.23%
NIKKEI 225 -0.70% 23474.27 Real-time Quote.-0.07%
NITORI HOLDINGS CO., LTD. -4.72% 21010 End-of-day quote.21.97%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 2.74% 20.6 End-of-day quote.72.53%
SUMCO CORPORATION 1.25% 1625 End-of-day quote.-11.01%
TOKYO ELECTRON LIMITED 0.52% 29250 End-of-day quote.22.26%
TOSHIBA CORPORATION -1.63% 2838 End-of-day quote.-23.40%
share with twitter share with LinkedIn share with facebook
All news about NIKKEI 225
05:05pWALL STREET STOCK EXCHANGE : U.S. Stocks Close Higher as Investors Eye Stimulus ..
DJ
04:19pWALL STREET STOCK EXCHANGE : U.S. Stocks Close Higher as Investors Eye Stimulus ..
DJ
04:18pWALL STREET STOCK EXCHANGE : U.S. stocks advance, benchmark Treasury yields rise..
RE
03:05pWall Street gains, long-dated Treasury yields rise on stimulus progress
RE
01:53pWALL STREET STOCK EXCHANGE : U.S. Stocks Waver as Investors Eye Stimulus Talks
DJ
12:26pWALL STREET STOCK EXCHANGE : U.S. Stocks Waver as Investors Eye Stimulus Talks
DJ
11:01aWALL STREET STOCK EXCHANGE : U.S. Stocks Edge Lower as Investors Eye Stimulus Ta..
DJ
10:09aWALL STREET STOCK EXCHANGE : U.S. Stocks Edge Higher as Investors Eye Stimulus T..
DJ
09:49aWALL STREET STOCK EXCHANGE : U.S. Stocks Edge Higher as Investors Eye Stimulus T..
DJ
07:45aTougher emissions target could spur Japan refiners' shift to clean energy
RE
More news
News of the index components NIKKEI 225
02:28pUPDATE4 : Mitsubishi Heavy mulls near freeze of regional jet development
AQ
12:48pUPDATE3 : Mitsubishi Heavy mulls near freeze of regional jet development
AQ
11:04aNISSAN MOTOR : turns to young artists to brighten untraditional Halloween holida..
AQ
11:04aSUZUKI MOTOR : Gujarat Plant in India Achieves Accumulated Automobile Production..
AQ
11:02aKAWASAKI KISEN KAISHA, LTD. : First Ship-to-Ship LNG bunkering business to comme..
AQ
10:41aSUMITOMO CHEMICAL : - COMFORMER a resin heat storage material for textile use is..
AQ
10:38aUPDATE2 : M'bishi Heavy mulls near freeze of regional jet development
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 :