The flagship Nikkei index gained 0.7% to 27,311.30 points and the broader Topix index advanced 0.5% to 1,922.47 points.
The Tokyo Stock Exchange rose Thursday for the fourth session in a row, supported by the optimism of investors foreseeing an improvement in the performance of large Japanese companies, which announce their quarterly results from the end of the month.
The flagship Nikkei index gained 0.7% to 27,311.30 points and the broader Topix index advanced 0.5% to 1,922.47 points.
“There is relatively little concern for Japanese stocks linked to corporate earnings, with the economy recovering and the fall of the yen” which suggests upward revisions to their annual forecasts, estimated Shogo Maekawa. of JPMorgan Asset Management, quoted by the Bloomberg agency.
In Hong Kong, the Hang Seng index caught its breath (-0.35% around 06:40 GMT) following climbing nearly 6% the day before.
On the side of values
MIZUHO LOOKS FOR RAKUTEN SECURITIES: the title of the e-commerce and online services company Rakuten jumped 4.58% to 685 yen. According to press reports, Japanese megabank Mizuho Financial Group (-0.15% to 1,596.5 yen) plans to take a 20% stake in its financial services subsidiary Rakuten Securities, for an estimated 80 billion yen. (560 million euros).
Rakuten had announced in May to prepare the IPO of Rakuten Securities, without giving a timetable. Mizuho acknowledged in a statement Wednesday “discussing various alliance opportunities” with Rakuten, including through an investment in Rakuten Securities, assuring that no decision had been made.
On the side of currencies and oil
The dollar fell once morest the yen, at a rate of one dollar for 144.52 yen around 06:40 GMT once morest 144.64 yen on Wednesday at 21:00 GMT.
The European currency progressed on the contrary compared to the Japanese currency, at the rate of one euro for 143.26 yen once morest 142.96 yen the day before.
The euro rose to 0.9912 dollars once morest 0.9884 dollars on Wednesday at 9:00 p.m. GMT.
The oil market was down slightly: around 06:30 GMT the barrel of American WTI lost 0.14% to 87.64 dollars and that of Brent from the North Sea 0.04% to 93.33 dollars.