Japanese Shares Rise as Pharmaceutical Firms and Banks Advance

Japanese shares advanced, with pharmaceutical firms and banks providing the biggest boosts for the broader market.

Topix added 0.4% to 1,779.82 at the close in Tokyo and Nikkei 225 rose 0.2% to 22,508.69. Meanwhile, yen strengthened 0.1% at 108.95 per dollar.

The benchmark Topix rose after wiping out an early loss of 0.1 percent. Takeda Pharmaceutical Co. bolstered its industry group before announcing shortly after the market closed that it agreed to buy Shire Plc in a deal worth about $ 62 billion.

Tech shares were the best performers in the U.S. on Monday, lifting the S&P 500 Index. The Topix has trimmed its loss so far this year to 2 percent after falling 3.6 percent on March 23, which was the biggest slump in more than six weeks.

The yen strengthened and oil prices hovered near $ 70 a barrel as investorsawait President Donald TrumpA?ai??i??ai???s decision Tuesday on whether the U.S. will exit the Iran nuclear deal.

Source: Bloomberg

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Japanese markets closed for holiday

Financial markets in Japan are closed on Thursday for a public holiday.

Sumber : AFP

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Japanese Stocks Pare Loss as Weak Yen Tempers Concern on Yields

Japanese stocks pared their daily decline in afternoon trading as the yen weakened for a sixth day, bolstering the outlook for exporters including automakers.

The Topix index closed 0.1 percent lower, clawing back most of a morning drop of as much as 0.8 percent, as the yen weakened back through the 109 per dollar level. A gauge of auto-related shares swung from a loss to a gain, with Toyota Motor Corp. providing the biggest boost.

Topix -0.1% to 1,767.73 at close in Tokyo. Nikkei 225 -0.3% to 22,215.32. Yen down 0.2% to 109.07 per dollar, in 6th day of decline.

Technology stocks were the heaviest drag on the Japanese benchmark. Takeda Pharmaceutical Co. tumbled after sweetening its offer for Shire Plc to about $ 64 billion. Komatsu Ltd. dropped after Caterpillar Inc. said that its positive first-quarter results were a A?a��A�high water markA?a��A? for the year.

The S&P 500 fell 1.3 percent Tuesday amid a rout in industrial and technology shares after earnings from Caterpillar and others. The 10-year Treasury yield touched 3 percent for the first time in four years.

Source: Bloomberg

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