TOKYO (Reuters) – Japan’s Nikkei share average sank into bear territory on Friday before recouping some of its losses on expectations that the country’s $1 trillion public pension fund would ramp up its buying of equities.
After the markets closed, the Government Pension Investment Fund (GPIF) said that it would lift its weighting in foreign and domestic stocks while cutting back its target allocation for Japanese government bond.
TOKYO (Reuters) – Japan’s Nikkei share average rose on Thursday, recovering from an early drop to below 13,000 for the first time in two months, underscoring the recent extreme volatility that has put a spanner in the works of the government’s ambitious plans to revive the economy.
The Nikkei .N225 advanced 0.7 percent to 13,117.30, after trading as low as 12,896.10 earlier in the session on the back of disappoint U.S. private jobs data. Some investors picked up battered stocks, such as insurers and electrics makers.
TOKYO (Reuters) – Japan’s Nikkei share average sagged 3.8 percent to a two-month low on Wednesday after a speech by Prime Minister Shinzo Abe on his growth strategy to revive the world’s third-largest economy failed to enthuse investors.
Abe pledged to boost incomes by 3 percent annually and set up special economic zones to attract foreign businesses in the latest tranche of measures, the “Third Arrow” in his “Abenomics” to spur sustainable growth.
TOKYO (Reuters) – Japan’s Nikkei share average climbed more than 2 percent to mark its biggest one-day rise in three weeks on Tuesday, as investors scooped up battered stocks such as financials, which had fallen from recent peaks into bear market territory.
Hopes for further buying from Japanese pension funds also lent some support to the index after sources told Reuters that Japan’s government is set to urge public pension funds, which have more than $2 trillion in assets, to increase their investment in equities and overseas assets.
TOKYO (Reuters) – Japan’s Nikkei share average recovered some lost ground on Friday as beaten-down stocks rebounded, but the recent market rout saw the benchmark post its first monthly fall in 10 months.
The Nikkei, which plunged 5.2 percent to a five-week low on Thursday, gained 1.4 percent to 13,774.54 as weak U.S. economic data overnight eased concerns that the Federal Reserve would soon start unwinding its monthly $85 billion asset purchases.
TOKYO (Reuters) – Japan’s Nikkei share average advanced on Wednesday, although it remained highly volatile after last week’s tumultuous trade pulled the index down 10 percent from a 5-1/2-year high.
The Nikkei .N225 rose 0.3 percent to 14,353.83 in a choppy session after trading as high as 14,512.28 and as low as 14,256.25.
TOKYO (Reuters) – The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a long-overdue correction and didn’t presage the end of a remarkable six-month bull-run.
Thursday’s biggest one-day percentage drop in two years was triggered by weak manufacturing activity data in China, Japan’s second-biggest export market, as well as worries about an earlier-than-expected roll-back of U.S. stimulus.
TOKYO (Reuters) – Japan’s Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data spooked investors.
The Nikkei .N225 climbed 2.4 percent to 14,837.35 after trading as high as 15,007.50. Despite Thursday’s slide, the index is up 7.2 percent so far this month, on track for a 10th straight month of gain — its longest such winning streak since 1972.
TOKYO (Reuters) – Japan’s Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan policy-setting meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off its entertainment assets.
By the midday break, the Nikkei .N225 advanced 1.2 percent to 15,559.95 after trading as high as 15,564.90, its best mark since December 2007.
TOKYO (Reuters) – Japan’s Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets.
The Nikkei advanced 0.9 percent to 15,513.72 after trading as much as 15,527.35, its highest since December 2007.