Nikkei slips from 3-wk highs on investor economy worry

July 15 (Reuters) – Japan’s Nikkei average fell 1.1 percent on Thursday after the Federal Reserve’s caution on the U.S. economic recovery and souring near-term technicals prompted investors to take profits after a jump this month to three-week highs.

The benchmark Nikkei shed 109.71 points to 9,685.53, after falling as low as 9,667.00 at one stage. On Wednesday, the index rose nearly 3 percent to hit its highest close since late June.

The broader Topix lost 1.6 percent to 856.60 on Thursday. (Reporting by Aiko Hayashi)

Nikkei rises 0.7 pct; consumer lenders soar

July 5 (Reuters) – Japan’s Nikkei edged higher on Monday, with short-covering in exporters emerging after the benchmark marked its worst week in over a month and as a key retracement level continued to provide support.

Shares in consumer lenders such as Acom Co (8572.T) sky-rocketed, with many jumping by nearly a fifth in value after the Mainichi newspaper said Osaka prefecture may set up a special financial zone where tough new lending rules would be eased.

The benchmark Nikkei .N225 rose 0.7 percent or 63.07 points to 9,266.78, ending the day above support at 9,200, which is roughly a 50 percent retracement of the move up from its March 2009 low to its high in April.

The broader Topix gained 0.7 percent to 836.89. (Reporting by Aiko Hayashi)

Nikkei hits 7-mth closing low, breaks key support

July 1 (Reuters) – Japan’s Nikkei average fell 2 percent on Thursday, breaking a key support to hit a seven-month closing low, with market players citing a rise in risk avoidance underscored by falls on Wall Street, a higher yen and slower China manufacturing growth.

Market players said the Nikkei’s next target is just above 9,000, a low tested in November and July 2009, after the index broke 9,200, near the 50 percent retracement from the Nikkei’s March 2009 low to its high in April.

The benchmark Nikkei .N225 shed 191.04 points to 9,191.60, its lowest close since late November. It fell as low as 9,147.68 at one stage.

The broader Topix fell 1.6 percent to 828.39. (Reporting by Aiko Hayashi)

Nikkei slips off 1-mth highs on profit-taking

June 22 (Reuters) – Japan’s Nikkei average slipped 1.2 percent on Tuesday as profit-taking emerged after a bounce to a one-month high the day before and foreign investors turned sellers.

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The benchmark Nikkei .N225 fell 125.12 points to 10,112.89, below a 38.2 percent retracement at 10,155 of the fall from its April high of 11,408.17 to its June low of 9,378.23.

The broader Topix shed 0.9 percent to 894.56. (Reporting by Aiko Hayashi)

Nikkei claws higher after key support level holds

June 8 (Reuters) – Japan’s Nikkei average rose 0.2 percent on Tuesday in choppy trade after a key support level held, with short-covering emerging a day after the benchmark suffered its biggest one-day fall in 14 months.

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Investors scooped up beaten-down shares, while Softbank Corp (9984.T), which sells Apple Inc’s (AAPL.O) iPhone and iPad in Japan, gained to help buoy the broader market after Apple unveiled a new iPhone model. [ID:nLDE65702B]

The benchmark Nikkei .N225 rose 17.14 points to 9,537.94, turning positive after earlier falling towards a six-month low of 9,395.29 hit on May 27.

The broader Topix inched down 0.1 percent to 858.33. (Reporting by Aiko Hayashi)

Nikkei edges up after earnings reassure Wall St

TOKYO, April 20 (Reuters) – Japan’s Nikkei average inched up 0.1 percent on Monday, helped by exporters, after the U.S. Dow posted its biggest six-week gain since July 1938 on reassuring results from General Electric (GE.N) and Citigroup (C.N).

The benchmark Nikkei .N225 rose 4.46 points to 8,912.04, after opening slightly lower. It climbed 1.7 percent on Friday, while it lost 0.6 percent on the week, snapping a five-week rising streak.

The broader Topix .TOPIX added 0.3 percent to 847.97.

The Dow has risen 22.7 percent over the past six weeks, making advances each week for the largest six-week gain since July 29, 1938. (Reporting by Aiko Hayashi)

Nikkei rises 2.2 pct as financial shares climb

TOKYO, April 17 (Reuters) – Japan’s Nikkei stock average rose 2.2 percent on Friday as financial shares such as Mitsubishi UFJ Financial Group (8306.T) climbed after reassuring earnings figures from JPMorgan (JPM.N) fuelled hopes that the banking sector is stabilising.

The benchmark Nikkei .N225 climbed 194.29 points to 8,949.55, while the broader Topix .TOPIX added 1.8 percent to 847.08. (Reporting by Aiko Hayashi)

Tokyo bourse halts trade in NEC Elec, Aderans

TOKYO, April 16 (Reuters) – The Tokyo stock exchange halted on Thursday trade in shares of NEC Electronics Corp (6723.T) and Aderans Holdings (8170.T).

Sources said NEC Electronics and Renesas Technology Corp are in the final stage of talks on a merger in a bid to survive as sales slump amid global economic turmoil. [ID:nT223191]

The Nikkei business daily said that wig maker Aderans’s board will approve a tender offer for at least 33.4 percent of its shares by Unison Capital Inc at a meeting on Thursday. [ID:nN15509722] (Reporting by Aiko Hayashi)

Nikkei jumps 3 pct on U.S. hopes, NEC Elec seen up

OKYO, April 16 (Reuters) – Japan’s Nikkei average gained more than 3 percent on Thursday as exporters gained on a weaker yen and on hopes that the U.S. recession could be abating, while NEC Electronics (6723.T) was bid up by its daily limit on news of merger talks with Renesas Technology Corp.

The benchmark Nikkei .N225 climbed 3.2 percent or 281.14 points to 9,024.10. The previous day it fell 1.1 percent for its third consecutive day of losses — its first such run in nearly two weeks.

The broader Topix .TOPIX added 2.2 percent to 853.49. (Reporting by Aiko Hayashi)

RPT-Nikkei jumps 3 pct on U.S. hopes, NEC Elec seen up

TOKYO, April 16 (Reuters) – Japan’s Nikkei average gained more than 3 percent on Thursday as exporters gained on a weaker yen and on hopes that the U.S. recession could be abating, while NEC Electronics (6723.T) was bid up by its daily limit on news of merger talks with Renesas Technology Corp.

The benchmark Nikkei .N225 climbed 3.2 percent or 281.14 points to 9,024.10. The previous day it fell 1.1 percent for its third consecutive day of losses — its first such run in nearly two weeks.

The broader Topix .TOPIX added 2.2 percent to 853.49. (Reporting by Aiko Hayashi)

Japan’s Brazilians demand job security as exports slow

Tokyo – Demanding better job and housing security, a demonstration by 300 Brazilians and their supporters in Tokyo Sunday is just the latest sign of the impact that the global economic slowdown is having on Japan’s Brazilian-based workforce.

Waving their national flags across the busy streets of central Tokyo, the demonstrators called out, “Give us a chance of employment,” “Stop abandoning us” and “We don’t have secured housing.”

Many temporary Brazilian workers have lost jobs recently, primarily in the car and electronics industries, as Japanese exports have slumped due to the sluggish economy and the Japanese yen’s gains against other currencies. Others have been informed of planned layoffs in the spring.

Dosantos Marcos, one of the protesters, told Deutsche Presse- Agentur dpa he was told to stay at home, since production is slow at the car parts plant where he worked for seven years. The 42-year- old Brazilian has not worked for two months.

Since September last year, when exporters began reducing production, planes to Brazil have been fully booked, according to Hidekichi Hashimoto, the third-generation Japanese-Brazilian President of the non-profit organization ABC Japan.

“For Japanese companies, we are the easiest to cut because most of us don’t speak Japanese and they think that we have no intention of staying long,” Hashimoto said.

But about 80,000 of the 320,000 Brazilians living in Japan have acquired the residency visa necessary to stay permanently, he said.

Takaharu Hayashi, director of Koryunet, a Brazilian-Japanese networking association in the Aichi prefecture, has received numerous calls from Brazilians working at auto factories. Toyota Motor Corp, also headquartered in Aichi prefecture, plans to cut 3,000 non- regular workers.

“Japanese companies are saying they can’t help it when Japanese are also having difficulties keeping their jobs,” Hayashi said. “There is a mentality that Japanese business owners are trying to push Brazilians to the lowest strata because they are less visible.”

As of December last year, more than 85,000 Japanese temporary workers were set to lose their jobs by the end of March.

During the New Year holiday, some 300 unemployed Japanese temporary workers gathered at a park in Tokyo to receive free lodging and food. Most were able to receive government welfare subsidies and find apartments in a week and began job search.

But Hayashi said Brazilians who have not established the necessary relations within Japanese society to help them find resources to tackle their hardships.

“They don’t have the safety net that Japanese workers do,” Hayashi said. “The gravity of a layoff is weighed much heavier on Brazilians because the government has no system to rescue them from the troubles and their options are much more limited than the Japanese.” dpa