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    4755   JP3967200001


End-of-day quote. End-of-day quote Japan Exchange - 09/27
1125 JPY   0.00%
09/27RAKUTEN : Sports schedule for Wednesday, Sept. 29
09/26RAKUTEN : Sports schedule for Tuesday, Sept. 28
09/21RAKUTEN : Sports schedule for Thursday, Sept. 23
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nikkei tracks Wall Street higher ahead of Fed policy meet

07/26/2021 | 11:48pm EDT

TOKYO, July 27 (Reuters) - Japanese equities rose on Tuesday, tracking overnight gains in Wall Street as investors cheered upbeat corporate earnings, though caution ahead of this week's U.S. Federal Reserve policy meeting kept the domestic market in check.

The Nikkei share average was up 0.35% at 27,932.08, after scaling above the key 28,000 level for the second day. The index hasn't closed above that level since July 16.

The broader Topix added 0.47% to 1,934.65. The Topix value index rose 0.69%, outpacing the growth index's 0.25% advance.

Among Topix sub-sectors, non-ferrous metals rallied the most with a 2.52% climb. The iron and steel index rose 1.94%, followed by a 1.88% jump in the mining sector.

"The overall strong earnings from corporate America have investors thinking the U.S. recovery is on track, and that should also be a plus for Japan's economy, so value stocks are rising," Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management said.

The Fed meeting starts later in the day, and all eyes may be on whether the U.S. central bank expresses any new concerns about high inflation when it concludes its gathering on Wednesday.

"At 28,000 though, investors are adopting a wait-and-see stance before trying to take Nikkei higher," he said, as the earnings season picked up pace in the United States and Japan.

The vast majority of second-quarter U.S. earnings have handily beaten analysts' expectations so far, bumping up the already huge projected growth for the second quarter, according to Refinitiv data.

On the Nikkei, Sumitomo Metal Mining Co led gains with a 4.74% advance, followed by a 4.36% rise in Fujikura and a 3.61% increase in Mitsui Mining and Smelting shares.

Rakuten Group led the losers, diving 7.62% after ratings company S&P downgraded the e-commerce firm, citing souring finances tied to the launch of its mobile phone business. (Reporting by Kevin Buckland in Tokyo, Editing by Sherry Jacob-Phillips)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FUJIKURA LTD. 0.89% 682 End-of-day quote.43.58%
MITSUI MINING & SMELTING CO., LTD. 0.77% 3285 End-of-day quote.-13.21%
RAKUTEN GROUP, INC. 0.00% 1125 End-of-day quote.13.18%
SUMITOMO METAL MINING CO., LTD. 0.14% 4204 End-of-day quote.-8.19%
All news about RAKUTEN GROUP, INC.
09/27RAKUTEN : Sports schedule for Wednesday, Sept. 29
09/26RAKUTEN : Sports schedule for Tuesday, Sept. 28
09/21RAKUTEN : Sports schedule for Thursday, Sept. 23
09/21Japan's land prices fall as COVID-19 hurts tourism, domestic demand
09/18RAKUTEN : Sports schedule for Monday, Sept. 20
09/17RAKUTEN : Sports schedule for Sunday, Sept. 19
09/17RAKUTEN ENTERS DIGITALLY REMASTERED : The Castle of Cagliostro into 11th Beijing Internat..
09/14RAKUTEN : Sports schedule for Thursday, Sept. 16
09/09RAKUTEN : set to end ú26m-a-year sponsorship of crisis-hit Barcelona
09/08RAKUTEN : Sports schedule for Friday, Sept. 10
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Analyst Recommendations on RAKUTEN GROUP, INC.
More recommendations
Sales 2021 1 653 B 14 861 M 14 861 M
Net income 2021 -180 208 M -1 620 M -1 620 M
Net cash 2021 608 B 5 463 M 5 463 M
P/E ratio 2021 -9,35x
Yield 2021 0,41%
Capitalization 1 777 B 16 017 M 15 976 M
EV / Sales 2021 0,71x
EV / Sales 2022 0,73x
Nbr of Employees 23 841
Free-Float 57,3%
Duration : Period :
Rakuten Group, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends RAKUTEN GROUP, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 1 125,00 JPY
Average target price 1 533,29 JPY
Spread / Average Target 36,3%
EPS Revisions
Managers and Directors
Hiroshi Mikitani Chairman, President & Chief Executive Officer
Kenji Hirose Chief Financial Officer & Executive Vice President
Yasufumi Hirai Chief Information & Information Security Officer
Makoto Arima Chief Revenue Officer & Senior Director-Technology
Tareq Amin Chief Technology Officer & Executive VP
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