Japan's Nikkei shed 1.3 percent as the yen firmed and Toshiba Corp dived 16 percent after news of potential massive writedowns led to a downgrade of its credit ratings. S&P said it expected shareholder equity to "drastically shrink", eroding the ... ( read original story ...)
Top 3 ETFs to Track the Nikkei in 2017 (JPNH, HJPX)
Among exchange-traded funds (ETFs) that seek to provide exposure to Japanese markets, ETFs that track the Nikkei are fairly rare. Many ETFs that track the Japanese market track the MSCI Japan Index, the Nasdaq AlphaDEX Japan Index, or the FTSE Japan 100% ... ( read original story ...)
Hong Kong and New York battle for IPO dominance
Tokyo and Copenhagen rounded out the top with $9.6bn and $ ... Hopes for improvement rest heavily on the tech sector. Heading the 2017 IPO list is Snap, the messaging app readying for a New York listing as soon as March. Bankers will be seeking a repeat ... ( read original story ...)
Tokyo ends flat as Toshiba shares plunge again
Tokyo shares ended flat Wednesday despite Toshiba's second straight double-digit plunge, in quiet Asian trading before the New Year, while US crude oil finally ended a winning streak. Stock in the troubled Japanese conglomerate plummeted more than 20 ... ( read original story ...)
Japanese exec resigning after overworked worker's suicide
President Tadashi Ishii said at a Tokyo news conference he will tender his resignation at a board meeting in January although he will stay through March as a courtesy to shareholders. Earlier Wednesday, government authorities filed papers demanding ... ( read original story ...)
Japan earthquake latest: 6.2 magnitude tremor strikes near Tokyo
A strong earthquake has struck Japan, according to the US Geological Survey. The tremor had a magnitude between 5.9 and 6.2 and hit the east of the country, near Honshu, Japan's main and most populated island. Cities including Tokyo may be hit by the ... ( read original story ...)
Probe into safety of Fukushima nuclear power plant after powerful earthquake hits region
A magnitude 6.3 quake has hit Japan’s Kanto region, according to the Japanese Meteorological Agency. The area borders the Tōhoku region, where the Fukushima Power Plant had a devastating meltdown in 2011 after a mega earthquake caused a massive tsunami ... ( read original story ...)
BREAKING NEWS: Japan is rattled by powerful 6.3-magnitude earthquake
Japan has been rattle by a powerful 6.3-magnitude earthquake today - just months after devastating tremors left 50 dead. The quake struck at a shallow depth of 6.2 miles about 11 miles outside the town of Daigo, northeast of the capital Tokyo. There were ... ( read original story ...)
Nikkei flat in thin trade; Toshiba dives as Hitachi soars
TOKYO, Dec 28 Japan's Nikkei share average was flat on Wednesday morning in thin end-of-year trade, while Toshiba Corp tumbled 20 percent on continued concerns about posting a big special loss. The Nikkei was barely changed at 19,401.70 in midmorning trade ... ( read original story ...)
Commodities fuel Australia stock rally; Nikkei flat on disappointing data
However, weak macroeconomic data in Japan weighed on stocks there, despite a weaker yen that would make the country’s exports more competitive. The Nikkei Stock Average NIK, +0.03% was about flat, suffering from the lingering effects of Tuesday’s ... ( read original story ...)
Japan firms ramp up output, signs economy brightening
Japan’s factory output rose in November and manufacturers expect to ramp up production in coming months, data showed on Wednesday, underscoring the central bank’s view that a pick-up in global demand will underpin a steady economic recovery. ( read original story ...)
Tokyo shrugs off plunging Toshiba shares as traders look ahead
Tokyo shrugged off nosediving Toshiba shares to trade flat Wednesday morning, but US crude finally ended a winning streak as trading volumes remained light ahead of the New Year. The troubled Japanese conglomerate's stock plunged 20 percent after it ... ( read original story ...)
Dentsu chief to resign over employee's suicide from overwork
President Tadashi Ishii said at a Tokyo news conference he will tender his resignation at a board meeting in January although he will stay through March as a courtesy to shareholders. Earlier Wednesday, government authorities filed papers demanding ... ( read original story ...)
Japanese PM visits Pearl Harbor memorial, says 'we must never repeat the horrors of war'
Under a warm Oahu sun, with the tranquil, teal waters of Pearl Harbor behind them, former enemies came together Tuesday to acknowledge the tremendous loss caused by the Japanese attack on U.S. military installations in Hawaii 75 years ago. Japanese Prime ... ( read original story ...)
Japan Inc could claim edge in overseas deals as China faces restraints
TOKYO/SINGAPORE (Reuters) - Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing's crackdown on capital outflows prevents some Chinese companies ... ( read original story ...)
Obama joins Japanese PM in historic Pearl Harbor visit
Putting 75 years of resentment behind them, the leaders of the United States and Japan have come together for a historic pilgrimage to Pearl Harbor, where a devastating surprise attack sent the U.S. marching into the Second World War. Ahead of a visit to ... ( read original story ...)