2023-08-01 01:18:12
The Tokyo Stock Exchange was moving forward Tuesday, August 1 in the morning in the wake of the slight rise on Wall Street the day before, and also supported by the weakness of the yen once morest the dollar, positive for the results of Japanese exporting groups. The flagship Nikkei index gained 0.22% to 33,244.47 points around 00:45 GMT and the broader Topix index rose 0.11% to 2,325.12 points.
“The Japanese market should be supported at the start of the session by the rise in American equities and the weakness of the yen”commented Toshiyuki Kanayama in a note from Monex, adding that investors would also watch the announcement of quarterly results from the automotive giant Toyota, expected during the session.
Panasonic puts the turbo in the batteries
Panasonic (-2.13% to 1,722.5 yen) said on Monday discussing a “medium or long term partnership” with the Japanese automaker Subaru (+ 1.04% to 2,714.5 yen) to potentially become its supplier of electric batteries, an announcement similar to negotiations with Mazda unveiled last month.
New Nintendo Console Rumors
Nintendo (-0.86% to 6,394 yen) might finally release, in the second half of 2024, its possible next console which has been the subject of rumors for years, according to information from the specialized media VGC, citing “several people with knowledge of Nintendo’s plans”. This new console, which would succeed the Switch released in 2017, can like this be used in a portable way and will have a cartridge port, but will be equipped with an LCD screen (instead of the current OLED) to reduce costs, according to VGC.
Slight decline of the yen once morest the dollar
On the currency market, the yen fell slightly once morest the dollar, at the rate of one dollar for 142.39 yen around 0045 GMT once morest 142.29 yen Monday at 2100 GMT. The yen was stable once morest the euro, which was worth 156.47 yen like the day before. One euro was also trading for 1.0993 dollars once morest 1.0997 dollars on Friday.
On the oil market, a barrel of American WTI lost 0.21% to 81.63 dollars around 0040 GMT and a barrel of Brent from the North Sea lost 0.26% to 85.21 dollars.
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