Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Japan Nikkei hits fresh 29-year high
  • December 03,2020  15:55
  • Japan share market finished session marginal higher on Thursday, 03 December 2020, as a wave of optimism coming on the coronavirus vaccine rollout and U.S. stimulus talks was offset by investors taking profits amid concerns over possible overheating of the Tokyo market and release of weaker-than-expected November sales data.

    At closing bell, the 225-issue Nikkei Stock Average advanced 8.39 points, or 0.03%, to 26,809.37, reaching another 29-year high. The broader Topix index of all First Section issues on the Tokyo Stock Exchange grew 1.28 points, or 0.07%, to 1,775.25.

    Britain on Wednesday became the first western country to approve Pfizer Inc's COVID-19 vaccine and said it would start immunization early next week, while U.S. authorities plan to begin vaccinations by mid-December. In addition, Japan's government has committed to more fiscal spending and U.S. President-elect Joe Biden has pledged to act swiftly on economic stimulus measures.

    Rising issues outnumbered falling ones 1,266 to 834 in the TSE's first section, with 77 issues unchanged. Shipping names Kawasaki Kisen and Mitsui O.S.K. jumped 5.8% and 4.6%, respectively. Railway operators such as JR West, JR East and JR Tokai also attracted buying. Major components of the Nikkei average, such as SoftBank Group and Tokyo Electron, gained. On the other hand, issues that had risen on strong business amid the coronavirus crisis such as M3 succumbed to selling, with the medical information provider sliding 2.95%. Other losers included pharmaceutical firm Daiichi Sankyo.

    ECONOMIC NEWS: Japan Services PMI Improves But Stays In Contraction In November- Japan services sector continued to contract in November, with a services PMI score of 47.8, the latest survey from Jibun Bank showed on Thursday. That's up from 47.7 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, there was a softer fall in output, but incoming new business declined at a faster pace. There was a renewed reduction in workforce numbers. Businesses redirected capacity to the completion of pending work, signaled by a quicker fall in outstanding business. Backlogs of work have now decreased in each of the latest 12 months. The survey also showed that its composite index improved to 48.1 in November from 48.0 in October.

    CURRENCY NEWS: The Japanese yen traded at 104.32 per dollar, having seen levels around 104.7 against the greenback yesterday.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory